Lakeland Resources Inc. Expands the Midas Gold Property with Acquisition of
New Claims
April 20, 2011 – Lakeland Resources Inc. (TSXv: LK) (the “Company” or “Lakeland”) is
pleased to announce that it has expanded the Midas Gold Property through the staking of 64
additional claim units. The newly-staked ground is contiguous to the existing property and has
more than doubled the size of the land package increasing it by approximately 1,000 hectares.
The Midas Property now consists of 10 unpatented mining claims encompassing 107 claim units
(1,712 hectares).
Lakeland recently completed a five hole winter drill program at the Midas Property for a total of
approximately 850 metres. The program was designed to test targets that were identified
following the completion of an Induced Polarization ground geophysical survey. All five holes
have been logged, sampled, split and sent in for assay with results expected in the next two
weeks.
“The Midas Property holds great promise for a new discovery in an area of the Wawa Camp that
has seen relatively little in the way of diamond drilling,” stated Jonathan Armes, President of
Lakeland. “The addition of the new ground protects our current land holdings and bolsters our
position within the camp.”
The Midas Gold Property is road accessible and is located within the Michipicoten Greenstone
Belt in north-central Ontario. The project lies approximately 50 kilometres northeast of the town
of Wawa and approximately 20 kilometres southeast of Richmont Mines’ (TSX: RIC) Island
Gold Mine and Mill and Prodigy Gold’s (TSXv: PDG) Magino Gold Project.
The newly-acquired ground hosts at least five historic gold showings according to geological
reports on file with the Ontario Geological Society MDI database. The ground will be included
within and under the terms of the original option agreement for the Midas Property.
Lakeland also announces that the stock option grant announced in the Company’s news release
of March 7, 2011 has been canceled. Subject to the acceptance of the TSX Venture Exchange,
the Company will be granting a total of 250,000 incentive stock options to newly-appointed
directors Bob Duess and Daniel Wilson. Each stock option will be exercisable into one common
share of the Company at a price of $0.15 per share for a period of five years.
NI 43-101 Disclosure
Robert Duess, P. Geo, is the Qualified Person, as that term defined in National Instrument 43101, who has reviewed and approved the technical information in this press release.
About Lakeland Resources Inc.
Lakeland Resources Inc. is focused on gold exploration in Canada. The Company commenced
trading on the TSX Venture Exchange on August 19, 2010 after completing its Qualifying
Transaction.
For more information, please visit the corporate website at http://www.lakelandresources.com
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: http://www.lakelandresources.com
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.
Statements in this document which are not purely historical are forward-looking statements, including any
statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in
this news release include that drilling results from the Midas Property are expected to be received in the next two
weeks, that the newly acquired claims will be included within and under the terms of the original option agreement
for the Midas Property, and that subject to TSX Venture Exchange acceptance the company will be issuing 250,000
incentive stock options to Bob Duess and Daniel Wilson.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in
such forward-looking statements. Risks and uncertainties include economic, competitive, governmental,
environmental and technological factors that may affect the Company's operations, markets, products and prices.
Factors that could cause actual results to differ materially may include misinterpretation of data; that we may not
be able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete our
intended exploration and development; that our applications to drill may be denied; that weather, logistical
problems or hazards may prevent us from exploration; that equipment may not work as well as expected; that
analysis of data may not be possible accurately and at depth; that results which we or others have found in any
particular location are not necessarily indicative of larger areas of our properties; that we may not complete
environmental programs in a timely manner or at all; that market prices may not justify commercial production
costs; and that despite encouraging data there may be no commercially exploitable mineralization on our
properties. Readers should refer to the risk disclosures outlined in the Company's Management Discussion &
Analysis of its audited financial statements filed with the British Columbia Securities Commission.