Lakota Resources Inc. - Terms for a Private Placement of Units



    Financing for Drilling Underneath Artisanal Gold Workings at Tembo,
    Tanzania

    TORONTO, July 7 /CNW/ - On June 24, 2008 Lakota Resources Inc. (LAK:
TSX-V) (the "Company") announced that the Board of Directors of Lakota
Resources Inc. had authorized a common share private placement financing of up
to $1,250,000 (gross proceeds).
    The principal use of proceeds from this financing is to conduct a diamond
drilling program at Lakota's Tembo gold property in Tanzania and for general
corporate purposes. Drilling will be underneath the extensive artisanal gold
workings found at Tembo. The Tembo property is contiguous to Barrick's
Bulyanhulu mine which supports a 12 million oz gold resource and produces over
300,000 oz's of gold per year.
    Today, the Company is pleased to announce the terms of an offering in
this unbrokered private placement consisting of up to 6,250,000 units at a
price of $0.20 per unit consisting of one common share and 1/2 common share
purchase warrant to purchase shares at $0.30 for a period of 1 year from the
Closing Date in the total amount of $1,250,000 (gross proceeds). The Closing
Date is anticipated as being on or before July 31, 2008. All securities issued
in connection with this financing will be subject to a hold period of four
months plus one day from the Closing Date and is subject to Toronto Venture
Exchange approval.
    A finder's fee or commission may be paid at the discretion of the Company
in respect of this private placement.

    About the Company

    Lakota Resources Inc. is a junior mineral exploration company. For
complete details on the Company, and its partners, management encourages
investors and interested parties to view its public documents filed on SEDAR
at www.sedar.com.

    CAUTIONARY STATEMENT

    The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
herein. All statements, other than statements of historical fact, in this news
release are forward-looking statements that involve various risks and
uncertainties, including, without limitation, statements regarding the future
plans and objectives of Lakota Resources Inc. There can be no assurance that
such statements will prove to be accurate. Actual results and future events
could differ materially from those anticipated in such statements. These and
all subsequent written and oral forward-looking statements are based on the
estimates and opinions of management on the dates they are made and are
expressly qualified in their entirety by this notice. Lakota Resources Inc.
assumes no obligation to update forward-looking statements should
circumstances or management's estimates or opinions change.





For further information:

For further information: Ian F.T. Kennedy, President, LAKOTA RESOURCES
INC., Phone: (416) 598-7700

Organization Profile

LAKOTA RESOURCES INC.

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