TSX. V: – LKW

April 27, 2007

NEWS RELEASE

Private Placement: The private placement of $300,000 announced on March 19, 2007 has increased to $500,000 for the issue of 5,000,000 units at a price of $.10 per unit. Each unit consists of one common share and one share purchase warrant exercisable at a price of $.25 per share for a period of two years from the date of issue of the units. The shares and any shares issued upon exercise of the warrants will have a hold period expiring four months and one day after the date of the issue of the units. There is a finder’s fee of 10%. $350,000 of the net proceeds will be used for continuing exploration on the Company’s properties, $50,000 will be paid in finder’s fee and $100,000 will be used for general administration.

3,500,000 of the units are flow through units whereby the subscription funds of $350,000 will be used to incur Canadian Exploration Expense (“CEE”) as defined by the Income Tax Act, Canada. The CEE will be renounced by the Company in favour of the flow through subscribers.

The private placement is subject to the acceptance of the TSX Venture Exchange.

Lakewood Mining Co. Ltd.

Per:

“Charles Boitard”

Charles Boitard, President

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