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To: Goose94 who wrote (1965)

8/16/2013 3:33:07 PM

From: Andrew~

Read Replies (1) | Respond to of 202886

LK-V Lakeland Resources Inc. Announces Private Placements
August 16, 2013 15:16 EDT

Lakeland Resources Inc.

TSXv: LK FSE: 6LL

VANCOUVER, Aug. 16, 2013 /CNW/ - Lakeland Resources Inc. (TSXv: LK) (FSE: 6LL) (the "Company" or "Lakeland") announces a non-brokered private placement financing of up to 10,000,000 Units (the "Units") of the Company at a price of $0.10 per Unit for gross proceeds of $1,000,000. Each Unit will consist of one common share and one common share purchase warrant ("Warrant"). Each Warrant will be exercisable into one common share at$0.15 for a period of 12 month from closing.

The Company also announces a private placement financing of up to 2,000,000 flow-through units (the "FT Units") of the Company at a price of $0.125 per FT Unit for gross proceeds of $250,000. Each FT Unit will consist of one flow-through common share and one common share purchase warrant ("Warrant"). Each Warrant will be exercisable into one common share at $0.15 for a period of 12 months from closing.

Proceeds from the private placements will be used to conduct exploration on the Company's Athabasca uranium properties and for general working capital.

The private placements remain subject to the final acceptance of the TSX Venture Exchange (the "TSXv"). Finder's fees may be payable in accordance with the policies of the TSXv. The securities issued will be subject to a four-month hold period.

About Lakeland Resources Inc.

Lakeland Resources Inc. is a pure play uranium exploration company focused on the Athabasca Basin inSaskatchewan, Canada.

Lakeland currently has 22,122,878 shares outstanding. The Company's common shares trade on the TSX Venture Exchange under the symbol "LK" and on the Frankfurt Stock Exchange under the symbol "6LL".

On Behalf of the Board of Directors
LAKELAND RESOURCES INC.

"Jonathan Armes"

Jonathan Armes
President, CEO and Director
Cell: 416.708.0243
Ph: 604.681.1568
TF: 1.877.377.6222
Email: jarmes@lakelandresources.com
Web: lakelandresources.com