March 24, 2008 14:00 ET

Lakota Resources Announces Board and Management Changes

TORONTO, ONTARIO--(Marketwire - March 24, 2008) -

Resignation and Appointments

Lakota Resources Inc. (TSX VENTURE:LAK) (Lakota or the Company ) announces that the Board of Directors has accepted the resignation of Mr. George H. Breuler, Jr. as Chairman of the Board and as President of the Company, effective Monday, March 24, 2008. Mr. Breuler will continue to serve on Lakota s Board as a Director. The Board is grateful for Mr. Breuler s many contributions to the Company over many years.

Mr. Ian F.T. Kennedy, a Director of Lakota, stated: George is very much a part of the history of the Company. He was instrumental, in 1995, in reorganizing New Anthona Mines into Lakota Resources, as well as in the acquisition of mineral exploration properties of merit in Tanzania. Mr. Breuler reassumed Board and management roles he had previously occupied last summer on a temporary basis. He has been influential in effecting the recent changes in management direction. I have enjoyed working with George and particularly appreciate his knowledge of, and experience in, the capital markets. I look forward to our on-going association and his contribution to the Company as a director.

The Board of Directors also announces the appointment of Mr. Ian F.T. Kennedy as President of Lakota, effective Monday, March 24, 2008. Mr. Kennedy was appointed a Director of the Company in February 2008. See SEDAR announcement, dated 27 February 2008.

Mr. Breuler commented, Ian has been involved with the Company since late summer 2007 as my Advisor, in the reorientation of Lakota. The addition of people of Ian Kennedy s caliber to the Board and management of Lakota is an important step in bringing new skills and valuable experience to the Company, to help focus on our many exploration activities and new projects that drive shareholder value.


Certain information contained in this Press Release, including any information as to our future financial, operating or exploration performance and other statements that express management's expectations or estimates of future performance, constitute "Forward-Looking Statements within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended and Forward Looking Information within the meaning of applicable Canadian securities legislation.

All statements, other than statements of historical fact, are forward-looking statements. The words believe , "expect", "will", anticipate , contemplate , target , plan , continue , budget , may , intend , estimate and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies.

The Company cautions the reader that such forward-looking statements and/or forward looking information involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and, the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: changes in the worldwide price of gold, or other commodities (such as, fuel and electricity); fluctuations in currency markets; changes in interest rates or gold lease rates; risks arising from holding derivative instruments; ability to successfully complete announced transactions and integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with exploration, development or mining activities; employee relations; availability and increasing costs associated with exploration or mining inputs and labour; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; adverse changes in our credit rating, contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Accordingly, readers should not place undue reliance on forward-looking statements and/or forward looking information.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

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

Contact Information

  • Lakota Resources Inc.
    Ian F.T. Kennedy, P. Eng.
    (416) 598-7700