TSX. V: – LKW

June 25, 2007

NEWS RELEASE

The private placement announced on March 19 and April 27, 2007 has closed. The Company issued 5,839,140 Units, each Unit comprised of one common share (“Share”) and one share purchase warrant (‘Warrant”) to purchase one additional Share, exercisable at a price of $.25 for a two year period expiring June 21, 2009 (“Warrant share”). The Shares and Warrant Shares are restricted from trading until October 23, 2007.

The Company received $583,914 in subscription funds. Finder’s fees were paid by the: (i) issue of 200,000 Warrants, exercisable on the same terms as the private placement Warrants and (ii) cash of $48,391.40

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.