Lakota shares to trade on split basis Lakota Resources Inc Shares issued 5,225,406 Dec 10 close $4.10 Source: Lakota Resources Inc. NEWS RELEASE FOR IMMEDIATE RELEASE Tuesday 10 December, 2002 LAKOTA RESOURCES SHARE SPLIT TORONTO, ONTARIO--Lakota Resources Inc. (YLA-TSX Venture) Pursuant to a special resolution passed by shareholders on Nov. 27, 2002, the company's common shares will be split on a one-old-for-two-new basis. The common shares of the company will commence trading on a split basis at the opening Dec. 11, 2002. The record date is Dec. 13, 2002. The company is classified as a mining (non-oil-and-gas) exploration/development company. Postsplit Capitalization: unlimited shares with no par value of which 10,510,812 shares are issued and outstanding Escrowed shares: nil Agent: Computershare Trust Company of Canada Symbol: YLA Cusip No.: 512900 10 1 Shareholder approval to a special resolution providing for a 1-for-2 split was obtained at the annual general meeting held Nov. 27, 2002. Common shareholders of record at the close of business Dec. 13, 2002, will be mailed additional certificates. The new certificates will be mailed on or about Dec. 16, 2002. The push-out method will be used to effect the split. Contact: Lakota Resources Inc. Jack Tindale Phone: (416) 368-3332 Fax: (416) 368-8957 Suite 600, 15 Toronto Street Toronto, ON M5C 2E3 or Lakota Resources Inc. George Breuler Phone: (772) 633-0923 -30- Source: Lakota Resources Inc.