Lakota Resources Inc. continues to expand the two auriferous zones at Tembo



    LAK: TSX-V

    TORONTO, Jan. 27 /CNW Telbec/ - Ian F.T. Kennedy, President and CEO of
Lakota Resources Inc. (LAK: TSX-V) (the "Company") is pleased to announce the
third set of assay results from the diamond drilling program on its Tembo
Property in Tanzania.
    The drilling indicates the North Zone is open along strike and down dip.
Hole TEMDD005 the most westerly hole of the North Zone returned 0.71 g/t Au
over 2.41 m contiguous with 9.80 g/t Au over 3.40 m. Hole TEMDD008 returned
2.65 g/t Au over 3.60 m beneath TEMDD002.
    The South zone is open to the east and down dip and to the west where the
most westerly hole TEMDD011 in the South Zone intersected 10.44 g/t Au over
1.50 m and 2.15 g/t Au over 3.50 m. Confirming the South Zone has a strike
length of at least 250 m and remains open in both directions.
    It would also appear that we may have a Middle zone, parallel and between
the North and South zones. Hole TEMDD009 was drilled beneath TEMDD004 and was
intended to intersect the upper part of a possible third structure (Middle
Zone) that had yielded "bonanza" grades for the artisanal miners and to test
the North Zone at depth. The hole hit an old artisanal working from 25.8-27.5
m downhole, representing a true width of about 1.3 m. This old stope was not
expected from mapping of shafts on surface but probably represents a Middle
Zone. No samples were assayed but the wall-rock will be sampled at a later
date. TEMDD009 did, however, show that the North Zone continues to depth with
significant width. It intersected 2.07 g/t Au over 3.26 m.

    
           Significant Gold Intersections in 2008 Diamond Drilling.

    -------------------------------------------------------------------------
    Hole ID   Section     From      To   Interval      Au   Comments
                            (m)     (m)        (m)   (g/t)
    -------------------------------------------------------------------------
    DD001     437950     38.50   42.00       3.50   10.25   South Zone
    -------------------------------------------------------------------------
    DD002     438000     67.20   68.70       1.50    1.30   North Zone
    -------------------------------------------------------------------------
                         69.70   71.20       1.50    1.65   North Zone
    -------------------------------------------------------------------------
    DD004     438050     87.03   91.75       4.72    2.46   North Zone
    -------------------------------------------------------------------------
    DD005     438110     79.53   81.94       2.41    0.71
    -------------------------------------------------------------------------
                         81.94   85.34       3.40    9.80   North Zone -
                                                            open to east
    -------------------------------------------------------------------------
    DD006     438000     54.80   58.60       3.80    0.83   South Zone
    -------------------------------------------------------------------------
    DD008     438000    100.25  103.85       3.60    2.65   North Zone,
                                                            under DD002
    -------------------------------------------------------------------------
    inc.                100.67  101.08       0.41   12.40
    -------------------------------------------------------------------------
    DD009     438050    142.19  145.45       3.26    2.07   North Zone,
                                                            under DD004
    -------------------------------------------------------------------------
                        147.72  148.25       0.53    1.28
    -------------------------------------------------------------------------
    DD010     438050     85.10   89.45       4.35    1.17   South Zone -
                                                            open to east
    -------------------------------------------------------------------------
    DD011     437820     45.10   46.60       1.50   10.44
    -------------------------------------------------------------------------
                         56.95   60.45       3.50    2.15   South Zone -
                                                            open to west
    -------------------------------------------------------------------------
    DD012     438110     47.10   49.00       1.90    1.74   North Zone,
                                                            over DD005
    -------------------------------------------------------------------------
    

    The 12-hole diamond-drill program totalling 1,865.65 metres was completed
in early December 2008. The drilling returned some excellent assay results and
identified two parallel, NW-trending structural zones 120-150 m apart with
significant quartz and gold mineralization. Both zones are parallel to the
Bulyanhulu trend, remain open along strike and to depth and warrant further
diamond drilling. It should be noted that gold grades from the initial shallow
drilling at Bulyanhulu were considerably lower than those returned once the
main deposit was intersected at more than 200 metres below surface.
    The 2008 Tembo drill program targeted gold in quartz vein mineralization
within the Archaean greenstone sequence and focussed on a principal area of
historic gold workings, active for more than 40 years, adjacent to a major
regional structure and within the 600 m x 3.5 km area that Lakota has termed
the 'sweet spot'. The drill target area has not been tested geochemically, nor
drilled as it is largely within the area of a former Primary Mining Licence
where Lakota did not have access until 2008.
    The drilling showed both zones have consistent true widths of about 3.5 m
over strike lengths of at least 200 m (North Zone) and at least 250 m (South
Zone) and confirmed the existence of these structures and the gold
mineralization to a depth of at least 120 m below surface. To the southeast
there is about 700 m of strike remaining on the North Zone and 900 m on the
South Zone before reaching the common boundary with the Bulyanhulu Special
Mining Licence to the east. The Bulyanhulu headframe lies a further 4.5 km to
the east.
    Hole TEMDD009 was intended to intersect the upper part of a possible
third structure (Middle Zone) that had yielded "bonanza" grades for the
artisanal miners. The hole hit an old artisanal working from 25.8-27.5 metres
downhole, representing a true width of about 1.3 m. This old stope was not
expected from mapping of shafts on surface but probably represents a Middle
Zone. No samples were assayed but the wall-rock will be sampled at a later
date.
    The intersections in TEMDD011, DD001, DD006 and DD010 suggest the South
Zone has a strike of at least 250 m and remains open to the east and west,
possibly through the 2007 RC intersection of 36.70 g/t Au over 1 m in
TEMRC056, as well as to depth. The intersections in TEMDD002/8, DD004/9 and
DD005/12 suggest the North Zone has a mineralized strike of at least 200 m and
remains open along strike and to depth. A southwest dip of about -60degrees is
suggested and the grade appears to be improving with depth and to the
southeast. While it is too early to say if the regional E-W shear carries
significant gold mineralization as well as the NW crossing structures, it is
likely that it has played an important role in the localization of the gold
mineralization intersected so far.

    Location & Tenure

    The Company's Tembo Project lies immediately west of Barrick Gold Corp.'s
Bulyanhulu Mine in the Geita District of Mwanza Region. Tembo comprises 24
Prospecting Licences covering approximately 82.88 km(2), 100% owned by Lakota.
All of these licences are maintained in good standing by Lakota through
payment of annual land rentals, work commitments and submission to the
government of quarterly work/expenditure reports. The property is centred
approximately on Latitude 3degrees 10' 00" S and Longitude 32degrees 25' 00" E
or UTM 435200 E / 9650000 S (Arc 1960 Datum). All of the 2008 diamond drilling
was conducted within PL 4457/2007, in or adjacent to the area previously
covered by small-scale mining licence PML 625. This licence was one of three
purchased by Lakota in 2000 but was only dissolved into Lakota's surrounding
PL 4457/2007 licence in late 2007, once protracted estate issues of the
previous owner were resolved.

    Sampling, Assays and Supervision

    At the Tembo camp, samples were marked out by the Company's geologists
and the HQ or NQ2 core cut in half with a diamond saw on site. Half of the
core was taken as samples with the other half being returned meticulously to
the core boxes. Each sample bag was marked with the sample number and a
corresponding sample tag enclosed. The bag was sealed and no further
preparation was done by the Company. The initial batches of samples contain
commercial standards and blanks at a frequency of approximately 10%. These
were taken by Company staff to the Mwanza laboratory of SGS African Assay
Laboratories for preparation. Reject material from these samples will be
returned to the Tembo camp and will be resubmitted as blind duplicates in
future sample batches to provide additional quality control. All analyses were
carried out in Mwanza, Tanzania, by SGS African Assay Laboratories using the
fire-assay method on a 50 g sample with atomic absorption finish.
    Martin Taylor P.Geo, Vice-President Exploration of the Company,
supervised the diamond drill program and the reviewed the scientific and
technical information contained in this release. Mr. Taylor is the qualified
person under National Instrument 43-101.

    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 ON FORWARD-LOOKING INFORMATION

    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.
    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.
    %SEDAR: 00008258E




For further information:

For further information: Ian Kennedy, President and CEO, (416) 598-7700;
Renmark Financial Communications Inc.: Jeffery Szita,
jszita@renmarkfinancial.com; Henri Perron, hperron@renmarkfinancial.com;
Toronto: (416) 644-2020, Fax: (416) 644-2021; Montreal: (514) 939-3989, Fax:
(514) 939-3717, www.renmarkfinancial.com

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LAKOTA RESOURCES INC.

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