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TSXv: LK FSE: 6LL
Lakeland Resources Inc. and Declan Resources Inc. Plan Further Exploration
at Gibbon’s Creek Uranium Property, Athabasca Basin; Drill Permits
Received
March 18th
, 2014 – Lakeland Resources Inc. (TSXv: LK; FSE: 6LL) (the “Company” or
“Lakeland”) and its Joint Venture (“JV”) partner Declan Resources Inc. (TSXv: LAN; FSE:
DCR) are pleased to announce the winter and spring exploration plans for the Gibbon’s Creek
Uranium Property (the “Property”), which is located along the northern margin of the Athabasca
Basin in Saskatchewan, Canada.
The JV partners are planning to mobilize a field crew to confirm the historic electromagnetic
(EM) geophysics over the Property by conducting a modern Moving Loop Time Domain
Electromagnetic ground survey within the next 1-2 weeks in advance of an anticipated 2,500
metre, phase one, drill campaign. The drill campaign is anticipated to consist of up to 15 drill
holes and will start as soon as practical after seasonal break-up conditions. All of the current
targets are located on dry land that can be easily accessed in winter and summer. The Company
is in receipt of permits that allow the JV to drill up to 52 drill holes on the Property.
As announced in the January 8th
, 2014 news release Lakeland developed several drill targets at
Gibbon’s Creek based on fall, 2013 exploration including a land-based RadonEX™ survey, a
boulder prospecting survey and a DC-Resistivity survey.
This exploration resulted in the discovery of highly significant radon values, the confirmation of
high-grade boulders of up to 4.28% U3O8 and the definition of an east-west resistivity low,
interpreted as an alteration corridor.
The Gibbon’s Creek Property is comprised of five contiguous claims totaling 12,771 hectares,
located less than 3 kilometers from the settlement of Stony Rapids. The Property is adjacent to
the Black Lake Project, held jointly by Uracan Resources Ltd. and UEX Corp. The Property
benefits from nearby infrastructure, with power lines and highways transecting the claims. The
depth to the unconformity at Gibbon’s Creek is known to be shallow (ie. ~50 to 250 metres)
increasing the economics of exploration. The Property also benefits from a significant database
of historic exploration information from work completed by UEX Corp. as well as Eldorado
Nuclear (one of the two predecessors to what is now Cameco).
Declan has the option to acquire up to a 70% interest in the Property by incurring $6,500,000 of
staged exploration expenditures, paying $1,500,000 in cash and making share payments totaling
11,000,000 shares to Lakeland over a 4 year period. Lakeland will retain a 2% Royalty on
TSXv: LK FSE: 6LL
Commencement of Commercial Production; 1% of which can be purchased by Declan for C$1
million. After Declan has earned its 70% interest, Lakeland’s 30% interest in the Property will be
carried until Declan completes an initial NI 43-101 compliant resource estimate for the Property.
2014 exploration at Gibbon’s Creek will be funded by Declan. Results from the programs will be
reported jointly by the partners as they become available.
NI 43-101 Disclosure
The technical information above has been prepared in accordance with the Canadian regulatory
requirements set out in National Instrument 43-101 and reviewed on behalf of the company by
Neil McCallum, P.Geo., a qualified person, of Dahrouge Geological Consulting Ltd. and a
Director of Lakeland.
About Lakeland Resources Inc.
Lakeland Resources Inc. is a pure play uranium exploration company focused on the Athabasca
Basin in Saskatchewan, Canada, home to some of the world’s largest and richest high-grade
uranium deposits. 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”.
For more information, please visit the corporate website at http://www.lakelandresources.com or
contact Roger Leschuk, Corporate Communications at Ph: 604.681.1568 or TF: 1.877.377.6222
or email: roger@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
TSXv: LK FSE: 6LL
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 the JV partners are planning to mobilize a field crew to confirm the historic
electromagnetic (EM) geophysics over the Property by conducting a modern Moving Loop Time Domain
Electromagnetic ground survey within the next 1-2 weeks in advance of an anticipated 2,500 metre, phase one, drill
campaign; and that the drill campaign is anticipated to consist of up to 15 drill holes and will start as soon as
practical after seasonal break-up conditions.
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.

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News Release: Lakeland Resources Inc. (TSXv: LK) and Declan Plan Further Exploration at Gibbon’s Creek Uranium Property, Athabasca Basin; Drill Permits Received

  • 1. TSXv: LK FSE: 6LL Lakeland Resources Inc. and Declan Resources Inc. Plan Further Exploration at Gibbon’s Creek Uranium Property, Athabasca Basin; Drill Permits Received March 18th , 2014 – Lakeland Resources Inc. (TSXv: LK; FSE: 6LL) (the “Company” or “Lakeland”) and its Joint Venture (“JV”) partner Declan Resources Inc. (TSXv: LAN; FSE: DCR) are pleased to announce the winter and spring exploration plans for the Gibbon’s Creek Uranium Property (the “Property”), which is located along the northern margin of the Athabasca Basin in Saskatchewan, Canada. The JV partners are planning to mobilize a field crew to confirm the historic electromagnetic (EM) geophysics over the Property by conducting a modern Moving Loop Time Domain Electromagnetic ground survey within the next 1-2 weeks in advance of an anticipated 2,500 metre, phase one, drill campaign. The drill campaign is anticipated to consist of up to 15 drill holes and will start as soon as practical after seasonal break-up conditions. All of the current targets are located on dry land that can be easily accessed in winter and summer. The Company is in receipt of permits that allow the JV to drill up to 52 drill holes on the Property. As announced in the January 8th , 2014 news release Lakeland developed several drill targets at Gibbon’s Creek based on fall, 2013 exploration including a land-based RadonEX™ survey, a boulder prospecting survey and a DC-Resistivity survey. This exploration resulted in the discovery of highly significant radon values, the confirmation of high-grade boulders of up to 4.28% U3O8 and the definition of an east-west resistivity low, interpreted as an alteration corridor. The Gibbon’s Creek Property is comprised of five contiguous claims totaling 12,771 hectares, located less than 3 kilometers from the settlement of Stony Rapids. The Property is adjacent to the Black Lake Project, held jointly by Uracan Resources Ltd. and UEX Corp. The Property benefits from nearby infrastructure, with power lines and highways transecting the claims. The depth to the unconformity at Gibbon’s Creek is known to be shallow (ie. ~50 to 250 metres) increasing the economics of exploration. The Property also benefits from a significant database of historic exploration information from work completed by UEX Corp. as well as Eldorado Nuclear (one of the two predecessors to what is now Cameco). Declan has the option to acquire up to a 70% interest in the Property by incurring $6,500,000 of staged exploration expenditures, paying $1,500,000 in cash and making share payments totaling 11,000,000 shares to Lakeland over a 4 year period. Lakeland will retain a 2% Royalty on
  • 2. TSXv: LK FSE: 6LL Commencement of Commercial Production; 1% of which can be purchased by Declan for C$1 million. After Declan has earned its 70% interest, Lakeland’s 30% interest in the Property will be carried until Declan completes an initial NI 43-101 compliant resource estimate for the Property. 2014 exploration at Gibbon’s Creek will be funded by Declan. Results from the programs will be reported jointly by the partners as they become available. NI 43-101 Disclosure The technical information above has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Neil McCallum, P.Geo., a qualified person, of Dahrouge Geological Consulting Ltd. and a Director of Lakeland. About Lakeland Resources Inc. Lakeland Resources Inc. is a pure play uranium exploration company focused on the Athabasca Basin in Saskatchewan, Canada, home to some of the world’s largest and richest high-grade uranium deposits. 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”. For more information, please visit the corporate website at http://www.lakelandresources.com or contact Roger Leschuk, Corporate Communications at Ph: 604.681.1568 or TF: 1.877.377.6222 or email: roger@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
  • 3. TSXv: LK FSE: 6LL 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 the JV partners are planning to mobilize a field crew to confirm the historic electromagnetic (EM) geophysics over the Property by conducting a modern Moving Loop Time Domain Electromagnetic ground survey within the next 1-2 weeks in advance of an anticipated 2,500 metre, phase one, drill campaign; and that the drill campaign is anticipated to consist of up to 15 drill holes and will start as soon as practical after seasonal break-up conditions. 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.