Lakewood Exploration Strengthens Management Team with the Appointment of Morgan Lekstrom as President

Six additional samples were collected near the No.1 portal V993688-91, and V993693, 94 and consisted of silicified Revett quartzite, commonly brecciated with abundant quartz stockwork veinlets, showing moderate to strong limonite stain and included sample highlights of up to 255.43 grams per tonne (g/t) silver and 1.27 g/t gold, respectively. Evidence of fine-grained disseminated sulfides were identified as limonite-stained sulfide casts in quartz veinlets.

Five rock chip samples and one grab sample were collected from underground exposures of the No. 3 level stope (V993696-700).  These samples consisted of fractured and brecciated quartz-limonite replacement veins hosted in Revett quartzite.  One grab sample was collected (V993700) from the shrink stope level above the No. 3 level which returned 1,669 g/t silver (48 ounce per ton).  The sample consisted of black sulfide rich quartz veining showing brecciation and quartz stockwork.  Sulfides were too small to identify, but are suspected to contain strong values in silver, gold, lead, zinc and copper.

One rock chip sample (V993695) was collected near the No. 3 portal approximately 50 metres to the southeast of the portal in order to confirm the extension of the Silver Strand vein system in a southerly direction.  That sample consisted of a narrow quartz-limonite vein, with vuggy quartz and sulfide casts plus clay, reporting 5.14 g/t silver, confirming the vein zone continues and is open to the south.