TSX. V: – LKW

February 12, 2007

NEWS RELEASE

Progress report on the Wood Property, Kamloops B.C.

Three diamond drill holes have been completed.

DDH 1-06 was abandoned at 393 feet.

DDH 2-06 was terminated at 1,347 feet due to mechanical problems. A small amount of mineralization was encountered in DDH 2-06.

DDH 3-06 no report received.

Complete details of the report, sketches and recommendations by G. Richards, P. Eng. can be viewed at www.lakewoodmining.com

The recommended drilling will resume within a few weeks.

The Wood Property is owned and operated in a 50/50 joint venture with Green Valley Mine Incorporated (TSX.V: GVY).

Lakewood Mining Co. Ltd.

Per:

“Charles Boitard”

Charles Boitard

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