Lakeland Resources Inc. Announces Closing of Non-Brokered Private PlacementJune 11, 2012 – Lakeland Resources Inc. (TSXv: LK; FSE: 6LL) (the “Company” or“Lakeland”) announces that it has closed its previously announced non-brokered privateplacement financing through the issuance of 1,950,000 flow-through units (the “Units”) at $0.10per Unit, for gross proceeds of $195,000 (the “Offering”). Each Unit is comprised of onecommon share and one common share purchase warrant (“Warrant”). Each Warrant will beexercisable into one common share at $0.15 until June 8, 2013. The securities issued pursuant tothis Offering are subject to a hold period expiring October 8, 2012.Finders fees totaling $12,000 cash were paid in accordance with the policies of the TSX VentureExchange. The proceeds from the private placement offering will be used for general workingcapital and mineral exploration on the Company’s properties.About Lakeland Resources Inc.Lakeland Resources Inc. is a publicly-traded mineral exploration company focused on thediscovery of new gold deposits with a 100%-focus on Canadian assets principally in Ontario.Lakeland aims to create value through the drill bit and build a successful mineral explorationcompany by combining technical knowledge, a motivated management team and board, strongand clear messaging and supportive investors.Lakeland has 21,672,878 shares outstanding. The Company’s common shares trade on the TSXVenture Exchange under the symbol “LK” and on the Frankfurt Stock Exchange under thesymbol “6LL.”For more information, please visit the corporate website at http://www.lakelandresources.com orcontact Jonathan Armes, President and CEO at Phone: 416.708.0243 Email:email@example.comOn Behalf of the Board of DirectorsLAKELAND RESOURCES INC.“Jonathan Armes”Jonathan ArmesPresident, CEO and DirectorCell: 416.708.0243
Email: firstname.lastname@example.orgWeb: 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 anystatements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements inthis news release include that the proceeds will be used towards general working capital and mineral exploration onthe Company’s properties.It is important to note that actual outcomes and the Companys actual results could differ materially from those insuch forward-looking statements. Risks and uncertainties include economic, competitive, governmental,environmental and technological factors that may affect the Companys operations, markets, products and prices.Factors that could cause actual results to differ materially may include misinterpretation of data; that we may notbe able to get equipment or labour as we need it; that we may not be able to raise sufficient funds to complete ourintended exploration and development; that our applications to drill may be denied; that weather, logisticalproblems or hazards may prevent us from exploration; that equipment may not work as well as expected; thatanalysis of data may not be possible accurately and at depth; that results which we or others have found in anyparticular location are not necessarily indicative of larger areas of our properties; that we may not completeenvironmental programs in a timely manner or at all; that market prices may not justify commercial productioncosts; and that despite encouraging data there may be no commercially exploitable mineralization on ourproperties.