October 03, 2005 14:08 ET

Lakota Resources Inc.: New Gold Discovery Reported In Tulawaka Area Drilling

TORONTO, ONTARIO--(CCNMatthews - Oct. 3, 2005) - Lakota Resources Inc. (TSX VENTURE:LAK)(the "Company") has been advised by Minieres du Nord/Northern Mining (TSX:MDN) that rotary air blast (RAB) and reverse circulation (RC) drilling on the Company's Prospecting Licence located within approximately 25 km of the Tulawaka Mine (Barrick 70% MDN 30%) in Tanzania has returned high gold assays over significant widths. MDN is earning a 70% interest in a number of PL's optioned from Lakota in the Tulawaka area through annual cash payments and expenditures on the properties.

Four fences of RAB and RC holes, comprising 34 holes for a total of 2,266 metres were completed to explore approximately 1,300 metre strike length of coincident IP and gold in soil geochemical anomalies. The holes were drilled at -60 degrees on an azimuth of 225 degrees to a maximum down-hole depth of 70 metres and collared to provide continuous coverage along each fence. The interval between the drill fences varies from 100m to 400m apart. Significant gold intersections are tabled in the following:

Hole Interval Length Gold Gold check
number (m) (m) (g/t) (g/t)

ISRC 21 40-43 3 8.63 6.95
ISRAB 07 10-12 2 1.16 2.01
ISRAB 09 13-16 3 0.52 1.58
ISRAB 16 31-34 3 1.46 1.07
ISRAB 21 01-06 5 14.93 13.22
40-70 30 6.37 5.86
including 45-53 8 14.54 13.49

The samples were prepared and analyzed by Humac Laboratories in Mwanza, using a 50g sample pulp, by the fire assay with atomic adsorption finish method. Each sample represented one metre of drilling. Samples were delivered to the laboratory by the project supervisor. Humac is ISO 9001:2000 registered; accredited by the Standards Council of Canada. Anomalous samples were subsequently checked by the ALS Chemex laboratory in South Africa.

The shallow gold mineralization is associated with laterite and ferricrete. The deeper gold mineralization appears to be associated with a quartz vein system hosted by granitic rocks. The true thickness and significance of this new gold discovery is currently unknown. MDN plans to carryout a program of reverse circulation drilling during the 4th quarter of 2005 to determine the lateral extension of this new gold zone and to test the occurrence down dip.

Quality control procedures included the insertion of commercial standards with each batch of samples submitted to the laboratory for analysis. Martin Taylor, P.Geo., consulting geologist to Lakota, monitored the RAB and RC drilling program.

Lakota's Exploration Manager, Stanley Robinson, M.Sc., P.Geo qualified person for the purposes of National Instrument 43-101 reviewed this press release.

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