Lakewood Exploration Closes the Transaction to Acquire the Eliza Silver Project in the Historic Hamilton District and the Silverton Silver Mine in Nevada’s Prolific“Silver Alley”
Lakewood Exploration Closes the Transaction to Acquire the Eliza Silver Project in
the Historic Hamilton District and the Silverton Silver Mine in Nevada’s Prolific
“Silver Alley”
Vancouver, British Columbia – September 3, 2021 – Lakewood Exploration Inc. (CSE: LWD) (the
"Company " or " Lakewood ") is pleased to announce that, further to its news release of August 9, 2021, it
has completed the transaction (the "Transaction") to acquire 100% of the issued and outstanding shares
of BCCO 1304562 B.C. Ltd. (“BCCO”), including 100% interest in the Eliza Silver Project and the Silverton
Silver Mine.
"With the closing of this transaction, our exploration team is now able to commence an initial geological
program to identify high priority targets at both o f these assets, neither of which have been explored
using modern exploration methods such as geochemist ry and geophysics,” stated President, Morgan
Lekstrom. “The existing historic underground workings, historic production and sampling results outline
numerous areas of surface mineralization, which will be our initial focus as we continue our data-driven
approach to expanding target areas.”
About Lakewood Exploration Inc.
Lakewood Exploration Inc. is a junior resource company advancing the past-producing Silver Strand Mine
in the Coeur d’Alene Mining District in Idaho, USA, both the Eliza Silver Project and the Silverton Si lver
Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British
Columbia, Canada. The Company is rapidly advancing towards an initial drill program at Silver Strand with
the aim of defining a large silver resource within a belt that has produced more than 1.2 billion ounces of
silver to-date. Geologic studies indicate that the Silver Strand Mine is hosted by the Revett formatio n,
suggesting the potential for significant down dip extensions as demonstrated by other major mines in the
district. Previous operators were solely interested in developing the known shallow mineralization, with
the mine’s lowest level extending only 90 meters be low surface. Lakewood strives to become a multi-
mine silver producer.
On Behalf of the Board of Lakewood Exploration Inc.
Morgan Lekstrom, President
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
Contact: Kristina Pillon, President, High Tide Consulting Corp.
604.908.1695 / [email protected]
The CSE does not accept responsibility for the adequacy or accuracy of this release.
The Canadian Securities Exchange has not in any way passed upon the merits of the Proposed Transaction and has
neither approved nor disapproved the contents of this press release.
The securities to be issued in connection with the Proposed Transaction have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or under any state securities laws, and may not
be offered or sold, directly or indirectly, or deli vered within the United States or to, or for the ac count or benefit of,
U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the
registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities
in the United States.
This press release includes "forward-looking inform ation" that is subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company. Forward-looking statements may inc lude but
are not limited to, statements relating to the Company’s ability to complete the Proposed Transaction on the terms
announced or at all. Such statements are subject to all of the risks and uncertainties normally incident to such events.
Investors are cautioned that any such statements ar e not guarantees of future events and that actual e vents or
developments may differ materially from those proje cted in the forward-looking statements. Such forwar d-looking
statements represent management's best judgment based on information currently available.