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Lakewood Exploration Appoints Ron Burk as Technical Advisor

Management Changes

NEWS RELEASE

Lakewood Exploration Appoints Ron Burk as Technical Advisor

Vancouver, British Columbia / July 2 8, 2021 – Lakewood Exploration (CSE: LWD / OTC:

LWDEF) (“Lakewood” or the “Company”) is pleased to welcome Ron Burk as a Technical

Advisor to the Company.

Mr. Burk is an exploration geologist with over 30 years of experience in the minerals industry,

primarily focused on identifying and evaluating exploration properties. He has held numerous

senior roles, including Vice President Exploration at Centerra Gold Inc. and Vice President of

Exploration and Chief Geologist at Silver Standard Resources Inc. (now SSR Mining), where he

contributed to discoveries that resulted in the defin ition of a world -class silver resource at the

Pitarrilla project in Durango, Mexico and major gold resources forming the Snowfield and

Brucejack deposits in northern British Columbia, Canada. Prior to joining Silver Standard in 2004,

Ron had worked since 1 989 as an exploration geologist for Teck Resources Ltd. and its

predecessors, focused on target generation and property evaluations in the Americas.

“The addition of Ron Burk as an advisor brings even more depth to our technical team as we

advance the Company’s recently acquired past-producing Silver Stand mine towards an initial drill

program later this year,” said Lakewood President, Morgan Lekstrom. “Mr. Burk’s e xtensive

experience, including nearly a decade in senior roles for a silver-focused mining company (Silver

Standard), will be invaluable as we advance Silver Strand and evaluate new acquisition targets as

part of our growth strategy.”

About Lakewood Exploration

Lakewood Exploration is a junior resource company that controls the Lacy Gold Project in British

Columbia, Canada, and the past -producing Silver Strand Mine in the Coeur d’Alene Mining

District in Idaho, USA. The Company is rapidly advancing towards an ini tial 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 formation, su ggesting 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

metres below surface. Lakewood strives to become a multi-mine silver producer.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization

hosted on the Company’s property.

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 has neither approved nor disapproved the contents of this news release. Neither the

CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE)

accepts responsibility for the adequacy or accuracy of this release.