TSX. V: – LKW

June 7, 2007

AMENDED NEWS RELEASE

Private Placement: The private placement announced by the Company on March 19, 2007 has increased to a private placement of $583,914 for the issue of 5,839,140 Units at a price of $.10 per Unit. Each Unit is composed 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 shares and warrants.

5,130,000 of the Units are flow through units whereby the subscription funds of $513,000 will be used for exploration expenditures on the Company’s mineral claims, 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.

A 10% finder’s fee is payable from the gross proceeds of $200,000, for the sale of 2,000,000 of the flow through Units to Canaccord Capital Corporation, by the payment of $20,000 cash and the issue of 200,000 warrants exercisable on the same terms as the private placement warrants.

Finders fees in the amount of $28,391.40 are also payable to two other finders with respect to the placement of 2,839,140 Units.

The private placement funds will be used as follows:

Exploration on the Company’s properties $513,000.00

Finder’s Fees 48,391.40

Administration 22,522.60

Total $583,914.00

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

Lakewood Mining Co. Ltd.

Per:

“Charles Boitard”

Charles Boitard, President