VANCOUVER, Dec. 19, 2013 /CNW/ - Lakeland Resources Inc. (TSXv: LK) (FSE: 6LL) (the "Company" or "Lakeland") is pleased to announce the appointment of Ms. Frances Petryshen as incoming Corporate Secretary of the Company.
Ms. Petryshen brings over 25 years of management experience with a specialization in corporate compliance and governance for public, private and not for profit organizations. She has been a Director and Officer of several public and private companies. Most recently, Ms. Petryshen was Corporate Secretary for CanAlaska Uranium Ltd. (2007-2012) where she oversaw the company's transition and growth from the TSX Venture Exchange to the TSX main board. Ms. Petryshen is an Accredited Director and a Fellow with the Institute of Chartered Secretaries and Administrators ("ICSA") where she currently serves as Director and Chair of the BC Branch and is also a Director for the Committee for Canada.
"We are pleased to welcome Ms. Petryshen as a member of our executive team," stated Jonathan Armes, President and CEO. "Her appointment is another important step towards adding the right people to deliver as we grow the company and expand our exploration and activity in the Athabasca. Frances will be an important contributor and a trusted advisor and associate to our team."
Ms. Petryshen replaces Mr. Alex Falconer who has resigned to make room for the appointment.
Lakeland currently has ten properties in the Athabasca Basin, the most advanced being: Gibbon's Creek, South Pine, Perch Lake, Riou Lake and Otherside. The Company recently announced an option agreement with Declan Resources Inc. to which Declan can earn up to a 70% interest in the Gibbon's Property by making staged exploration expenditures totaling $6.5 million and cash payments of $1.5 million over a four year period with Lakeland retaining a 2% NSR and being carried in its 30% to an initial NI 43-101 Resource Estimate. Lakeland recently initiated a field program at Gibbon's Creek to follow-up on the historic work consisting of:
- Surface prospecting and boulder sampling with hand-held scintillometers,
- A RadonEx™ soil gas radon survey,
- Line-cutting, and
- A ground DC resistivity geophysical survey.
Results from the program are pending and will be released jointly with Declan on compilation and receipt.
The current program, in combination with the extensive historic exploration information available, will refine and define the targets for an anticipated initial drill program at Gibbon's Creek in the winter Q1 2014. The agreement with Declan will allow for a significantly expanded program.
Lakeland intends to advance its other properties in 2014 as well as seek out further opportunities in the Athabasca through staking, joint-venture or acquisition.
About Lakeland Resources Inc.
Lakeland Resources Inc. is a pure play uranium exploration company focused on the Athabasca Basin in Saskatchewan, Canada; home to some of the world's largest and richest high-grade uranium deposits. The Company's common shares trade on the TSX Venture Exchange under the symbol "LK" and on the Frankfurt Stock Exchange under the symbol "6LL".
On Behalf of the Board of Directors
LAKELAND RESOURCES INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward-looking statements in this news release include that: results from the program at Gibbon's Creek are pending and will be released jointly with Declan on compilation and receipt, that the current program, in combination with the extensive historic exploration information available, will refine and define the targets for an anticipated initial drill program at Gibbon's Creek in the winter Q1 2014, that the agreement with Declan will allow for a significantly expanded program; and that Lakeland intends to advance its other properties in 2014 as well as seek out further opportunities in the Athabasca through staking, joint-venture or acquisition.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Risks and uncertainties include economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our intended exploration and development; that our applications to drill may be denied; that weather, logistical problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that analysis of data may not be possible accurately and at depth; that results which we or others have found in any particular location are not necessarily indicative of larger areas of our properties; that we may not complete environmental programs in a timely manner or at all; that market prices may not justify commercial production costs; and that despite encouraging data there may be no commercially exploitable mineralization on our properties.
SOURCE: Lakeland Resources Inc.
For further information: For more information, please visit the corporate website at http://www.lakelandresources.com or contact Roger Leschuk, Corporate Communications at Ph: 604.681.1568 or TF: 1.877.377.6222 or email: [email protected]