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LAKOTA ANNOUNCES FILING OF CONTINUOUS DISCLOSURE AND APPLICATION FOR REVOCATION OF CEASE TRADE ORDERS LAKOTA RESOURCES INC. its previously outstanding audited and unaudited financial statements, management discussion and

Financials Listings & Exchange Regulatory & Compliance

Calgary, Alberta, Canada LAKOTA ANNOUNCES FILING OF CONTINUOUS DISCLOSURE AND APPLICATION FOR REVOCATION OF CEASE TRADE ORDERS LAKOTA RESOURCES INC.

its previously outstanding audited and unaudited financial statements, management discussion and analysis and related certificates and has paid all outstanding activity, participation and are required to be paid. The Company's delay in filing such continuous disclosure documents resulted in the securities commissions of Alberta, British Columbia and Ontario issuing cease trade orders (collectively, the "Cease Trade O Company being delisted from the TSX Venture Exchan date on all of it s filings, which can be found under the Company's The Company has also filed applications with the securities commissions of Alberta, British Columbia and Ontario to have the Cease Trade Orders revoked.

Forward Looking Statements

Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward -looking statements. Forward estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the f orward-looking statements. Except as required by applicable securities requirements, the Corporation undertakes no obligation to update forward management's estimates or opinions should change. The reader is caution on forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

Colin Taylor

Investor Relations

Phone: (306) 664-4626 Fax: (306) 664-3818 Paul Conroy President and Chief Executive Officer Phone: (403) 237-6122 Fax: (403) 237-6144 January 21 NEWS RELEASE LAKOTA ANNOUNCES FILING OF CONTINUOUS DISCLOSURE AND APPLICATION FOR REVOCATION OF CEASE TRADE ORDERS LAKOTA RESOURCES INC. (the "Company" or "Lakota") is pleased to announce that it has filed its previously outstanding audited and unaudited financial statements, management discussion and analysis and related certificates and has paid all outstanding activity, participation and late filing fees that are required to be paid. The Company's delay in filing such continuous disclosure documents resulted in the securities commissions of Alberta, British Columbia and Ontario issuing cease trade orders (collectively, the "Cease Trade O rders") in respect to the Company's securities and resulted in the Company being delisted from the TSX Venture Exchan ge (the "TSXV"). The Company i can be found under the Company's SEDAR profile at The Company has also filed applications with the securities commissions of Alberta, British Columbia Ontario to have the Cease Trade Orders revoked.

Except for statements of historical fact relating to the Corporation, certain information contained herein looking statements. Forward -looking statements a re based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those looking statements. Except as required by applicable securities requirements, the Corporation undertakes no obligation to update forward -looking statements if circumstances or management's estimates or opinions should change. The reader is caution ed not to place undue reliance ION PLEASE CONTACT: President and Chief Executive Officer January 21, 2011 LAKOTA ANNOUNCES FILING OF CONTINUOUS DISCLOSURE AND APPLICATION FOR REVOCATION OF CEASE TRADE ORDERS (the "Company" or "Lakota") is pleased to announce that it has filed its previously outstanding audited and unaudited financial statements, management discussion and late filing fees that are required to be paid. The Company's delay in filing such continuous disclosure documents resulted in the securities commissions of Alberta, British Columbia and Ontario issuing cease trade orders rders") in respect to the Company's securities and resulted in the ge (the "TSXV"). The Company i s now up -toprofile at www.sedar.com.

The Company has also filed applications with the securities commissions of Alberta, British Columbia Except for statements of historical fact relating to the Corporation, certain information contained herein re based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those looking statements. Except as required by applicable securities requirements, looking statements if circumstances or ed not to place undue reliance