VANCOUVER, Feb. 28, 2012 /CNW/ - Lakeland Resources Inc. (TSXv: LK) (FSE: 6LL) (the "Company" or "Lakeland") is pleased to announce the appointment of Mr. J. Garry Clark, B.Sc., P.Geo. to the Company's Board of Directors. Mr. Clark holds an Honours B.Sc. Degree (1983) in geology from Lakehead University in Thunder Bay, Ontario.
Since January 2000, Mr. Clark has been providing consulting services to a number of mining companies through his own company, Clark Exploration Consulting and currently serves on the board of several junior resource companies listed on the TSX Venture Exchange including Mineral Mountain Resources Inc. (TSXv: MMV), Suparna Gold Corp. (TSXv: SUG), and Challenger Deep Resources Corp. (TSXv: CDE).
Mr. Clark is a Professional Geologist registered with the Association of Professional Geoscientists of Ontario. He has held various exploration geological positions with both major and junior explorers. In the late 1980's Mr. Clark began his consulting career with a lengthy list of projects across Ontario and globally. Mr. Clark is the Executive Director of the Ontario Prospectors Association (OPA) since the restructuring in 2000 and has been a Director, Vice President or President of the OPA since its formation in the early 1990's. The Ontario Prospectors Association is focused on providing the mineral explorers of Ontario a stronger voice for issues that affect them. Mr. Clark serves on various provincial government committees and boards that support the mineral explorers. Some of these include the Minister of Mines Mining Act Advisory Committee and Ontario Geological Survey Advisory Board.
"Mr. Clark's vast experience in exploration and as a voice of Ontario mineral explorers strengthens Lakelands board of directors and provides invaluable guidance and leadership in the Company's future growth and development," stated Jonathan Armes, President of Lakeland.
Mr. Clark has been granted 150,000 incentive stock options, subject to the acceptance of the TSX Venture Exchange, each stock option exercisable into one common share of the Company at a price of $0.10 per share for a period of five years.
About Lakeland Resources Inc.
Lakeland Resources Inc. is a publicly-traded mineral exploration company focused on creating shareholder wealth through the discovery of new gold deposits with a 100%-focus on Canadian assets principally in Ontario. Lakeland aims to create value through the drill bit and build a successful mineral exploration company by combining technical knowledge, a motivated management team and board, strong and clear messaging and supportive investors.
Lakeland has 19,472,878 shares outstanding. The Company's common shares trade on the TSX Venture Exchange under the symbol "LK."
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 Lakeland has engaged Mr. Garry Clark, P.Geo to the Board Of Directors and the Company is granting options to certain officers and consultants. The appointment and stock options are subject to regulatory acceptance.
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. Readers should refer to the risk disclosures outlined in the Company's Management Discussion & Analysis of its audited financial statements filed with the British Columbia Securities Commission.
For further information:
please visit the corporate website at http://www.lakelandresources.com
Or contact Donny Brooks, Manager of Corporate Development at Ph: 647.728.7414 or Email: [email protected]