Lakota Grants Stock Options

Calgary, Alberta, Canada August 5, 2011

NEWS RELEASE

LAKOTA GRANTS STOCK OPTIONS

LAKOTA RESOURCES INC. (the "Company" or "Lakota") announces that a total of 2,155,000 stock options to purchase common shares (on a post share consolidation basis) of the Company have been granted to management, directors, employees and consultants. The options are exercisable at a post share consolidation price of $0.20 per share and expire on August 5th, 2014. The consolidation has been proposed as a matter of business at the Company’s shareholders meeting scheduled for August 31, 2011 but has not yet been approved.

Forward Looking Statements

Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are 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 projected in the forward-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 cautioned not to place undue reliance on forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

Marc Cernovitch [email protected] Phone: (647) 203-7868

Colin Taylor Phone: (306) 664-4626

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