LAKEWOOD MINING CO. LTD.
1756 246th Street
Langley, B.C.
V2Z 1G4
Tel: (604) 514-0041 Fax: (604) 514-9702
TSX. V: – LKW
October 21,
2009
NEWS RELEASE
Further to the Company’s news release of September 28,
2009,
the Company announces that it has issued to certain of
its creditors an aggregate of 8,768,965 common shares
in settlement of $414,461.60 worth of debt. The Company issued 1,199,333
shares at a deemed price of $0.03
per share in settlement of $35,980.00 worth of debt and 7,569,632
shares at a deemed price of $0.05
per share in settlement of $378,481.60 worth of debt.
The shares are subject to a hold
period which expires at midnight on February 20,
2010.
ON
BEHALF OF THE BOARD OF DIRECTORS:
“Charles Boitard”
Charles Boitard
President
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.