TORONTO, March 27 /CNW/ - Lakota Resources Inc. (LAK, TSX-V) ("Lakota" or
"the Company wishes to clarify its Press Release dated February 26, 2008
relating to the grant of 850,000 options to directors and an officer under the
Company's Incentive Stock Option Plan. The options vest immediately and may be
exercised for a term of five (5) years at an exercise price of $ 0.20.
About Lakota Resources Inc.
Lakota Resources Inc. is a Gold exploration Company, incorporated under
the laws of the Province of Ontario in 1937. Its common shares presently trade
on the TSX Venture Exchange under the symbol "LAK". The Company's principal
business is the acquisition, exploration and development of gold resource
properties in Tanzania, East Africa, in the Lake Victoria Gold Belt, as well
as in the Northwest Territories in Canada. Some of the Company's properties
have gold mineralization showings but none, at this time, contain known
reserves. In Tanzania, the Company's Tembo property has artisanal gold
workings and is immediately adjacent to and on strike with Barrick's
Bulyanhulu Mine. Lakota Resources has established strategic joint venture
partnerships to provide a timely and expeditious exploration approach on
several of its properties, i.e. both joint ventures with MDN Inc. at Ikungu
and Simba/Isambara have gold showings on the properties, as does its joint
venture on the Viking Gold Mines property north of Yellowknife, NWT.
WE SEEK SAFE HARBOUR
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Ian F.T. Kennedy, P. Eng., President &
Director, Tel: (416) 598-7700