LAKEWOOD MINING CO. LTD.

1756 246th Street

Langley, B.C.   V2Z 1G4

Tel: (604) 514-0041     Fax: (604) 514-9702

 

TSX.V: LKW

 

December 20, 2006

 

NEWS RELEASE

 

 

Further to the Company’s news release of November 17, 2006 the Company has closed a  private placement of 1,000,000 units at a price of $.10 per share with two year warrants attached exercisable at a price of $.15 per share. The shares and warrants will be issued on December 29, 2006.

 

The shares and any shares acquired upon the exercise of the warrants are restricted from trading until April 30, 2007.

 

Lakewood Mining Co. Ltd.

Per:

“Charles Boitard”

Charles Boitard

President

 

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