TSX – LKW

NEWS RELEASE

December 16, 2003

The Company is pleased to announce the appointment of David Mark, P.Geo. to the board of directors of the Company, and as Project Manager.

David Mark has been involved in mining exploration since 1965 when he was a student. He graduated as a geophysicist in 1968 from the University of British Columbia and thus has been practicing his profession for 35 years. In 1968 he started working for Geotronics Surveys, a company involved mainly in mining exploration, mostly geophysics. He took over the running of the company in 1970.

The projects he has worked on and/or supervised have been located in Canada, mainly B.C., western United States, Mexico, other Latin American countries, Africa, and southeast Asia. The type of mineral deposits have been all types including porphyry copper, epithermal, other vein types, and placer. The work has involved a wide variety of geophysics, geology, geochemistry and diamond drilling. The geophysics has included induced polarization (IP), resistivity, seismic refraction, seismic reflection, gravity, self potential, ground penetrating radar (GPR) as well as ground and airborne magnetics, electromagnetics, and radiometrics.

Though the bulk of his work is mining exploration geophysics, he also does geotechnical geophysics and environmental geophysics. These projects have included potential dam sites for BC Hydro, highway location studies such as the Coquihalla, and contaminant studies.

Mr. Mark is a member of the Association of Professional Engineers and Geoscientists of the Province of British Columbia as a Professional Geoscientist (P.Geo.).

The Company has approved a rolling stock option plan reserving a maximum of ten percent (10%) of the issued and outstanding shares of the Company at the time of a stock option grant with no vesting provisions. The Company has granted 100,000 stock options to Mr. Mark at a price of $.10 per share or such other price as may be accepted by the Exchange. The plan and issue of the options are subject to Exchange acceptance.

Lakewood Mining Co. Ltd.

Per:

“Charles Boitard”

Charles Boitard

President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.