TSX. V: – LKW

March 19, 2007

NEWS RELEASE

Private Placement: The Company has arranged a private placement of $300,000 by the issue of 3,000,000 shares at a price of $.10 per share, each share with a warrant attached exercisable at a price of $.25 per share for a period of two years from the date of issue of the shares and warrants. 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. There is a finder’s fee of 10%. $200,000 of the net proceeds will be used for continuing exploration on the Company’s properties, and the balance for general administration.

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

Lakewood Mining Co. Ltd.

Per:

“Charles Boitard”

Charles Boitard, President