LAKOTA RESOURCES INC.
TSX VENTURE : LAK

LAKOTA RESOURCES INC.

January 18, 2006 10:59 ET

Lakota Issues Shares for Debt

TORONTO, ONTARIO--(CCNMatthews - Jan. 18, 2006) - Lakota Resources Inc. (TSX VENTURE:LAK) (the "Company") wishes to announce the issuance of 1,581,040 shares at a deemed issue price of $0.25 per share to settle outstanding debt in the amount of $395,260 (see Press Release of December 5, 2005). Included in the issuance were 1,257,980 shares issued to insiders of the Company to satisfy outstanding loans and fees.

The shares are subject to a statutory four(4) month hold period and are so legended. The TSX Venture Exchange approved the transaction on January 10, 2006.

Outstanding Shares: 29,372,174

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information