July 29, 2005 11:18 ET

Lakota Resources Inc.: Private Placement Update

TORONTO, ONTARIO--(CCNMatthews - July 29, 2005) - Lakota Resources Inc. (TSX VENTURE:LAK) (the "Company") announces that its agent, Integral Wealth Securities Limited ("Integral") and the Company, have mutually agreed to extend the closing date of a previously announced (press release May 6, 2005) private placement from July 29, 2005 to August 19, 2005.

Due to the summer holiday season, Integral has requested extra time to allow for receipt and processing of subscriptions from the investors in this private placement.

The offering entails the placement of up to 9,000,000 units of the Company (the "Units") at a price of $0.50 per Unit, for gross proceeds of up to $4,500,000. All terms of the private placement other than the closing date remain unchanged.


Statements included in this press release that are not historical facts may be considered "forward-looking statements". All statements regarding, the gross proceeds and the anticipated closing date are forward-looking statements that involve various risks and uncertainties. There can be no assurance that the Private Placement will raise the amount set forth herein or that the offering will close on the date anticipated. Important factors that could cause actual results to differ materially from these forward-looking statements.

Outstanding Shares: 27,416,134

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

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