Mining
Gold
(TSX Venture: YLA)

Lakota Resources Inc.


George H. Breuler, Jr.
Chairman and
Chief Executive Officer

Interview conducted by:
Lynn Fosse
Editor

CEOCFOinterviews.com
April 2003


View west from Ikina of artisanal workings,Bulyanhulu in background.

Lakota Resources Inc. ("Lakota") (YLA-TSX Venture Exchange) announced on November 28, 2002 that a tentative agreement has been reached with its Australian joint venture partners on the Ikina Reef licences in Tanzania, which will result in Lakota owning a 100% interest in this highly regarded gold property. The terms of the purchase agreement call for Lakota to issue 400,000 of its common shares for Spinifex Gold Limited's 45% interest in Ikina and to issue 222,222 common shares to Sub Sahara Resources NL for its 25% interest. The deal closed on March 17^th, 2002.

The Ikina Reef property hosts a number of gold occurrences, which are being actively worked by local artisanal miners. More importantly, the 25 square kilometre licences adjoin the western boundary of Barrick Gold's Bulyanhulu mine and as such is situated on the strike extension of the Bulyanhulu trend which hosts Barrick's 18 million ounce gold ore-body by the same name. Mr. George H. Breuler, Jr., chairman and CEO of Lakota Resources Inc tells us, “We feel that the potential in Tanzania is beginning to get on track. Lakota’s goal over the years was to put together a land package knowing that at some point it would literally be impossible to pickup anything. So we’ve established these land positions, kept them and worked them.  Now with the money that we raised, we are doing work on each one to evaluate each property.”   When asked what sets Lakota apart from other gold exploration companies, Mr. Breuler states, “Besides being well structured with a superb management team, the price of gold is actually the ingredient that was missing for a long time. Lakota is going to be raising enough money to do a lot of work on all of our properties. We are in the process of constructing a major program on the adjoining Barrick property and we are looking for a partner. We are still in the market looking for other properties. In fact, we are looking constantly. There is something called greenstone, which is gold-bearing rock.  Over the years, many of the workings didn’t even show greenstone; but now they are showing it. Our focus right now is to develop, raise more money, and get a partner on the Ikina property. If what we see now pans out and we find what we are looking for, the potential of a surface discovery is immense.”   The addition of Mr. Klaus Eckhof has been a major factor in moving Lakota forward. “Because of Klaus coming aboard with his abilities, we were very excited. He has brought this company to the next level. We are trying to develop a partner to become involved with Lakota to help and finance this company further. I am personally excited about what we are doing and the more I get involved, the more I realize that Lakota is very fortunate, being in the right place at the right time. As far as our properties, we haven’t randomly bought licenses through Tanzania, we did it on a very sophisticated basis. We tried to be where gold workings were, and we are very proud of how we established the locations of the properties.” Mr. Breuler addresses potential investors, “If you have an asset in Tanzania and you develop it, people are interested in taking over the property.   Not only is Lakota an equity play to build assets and develop properties, but it is also a major take-over play. Being structured the way we are, with only around thirteen million fully diluted shares, makes us extremely interesting because we are not over capitalized.” 

Lakota controls some 53 square kilometres of prospective ground adjoining the northern boundary of the Ikina Reef property and with the addition of the above disclosed 100% interest in Ikina now has almost 78 square kilometres of prime gold exploration terrain along the north-western extension of the Bulyanhulu trend. The Company is pursuing offers for financing an aggressive exploration program on the package either on its own or in a joint venture partnership.

In addition, Lakota Resources Inc. and Explorations Minieres du Nord Ltee (MDN-TSX) have entered into an option and joint venture agreement whereby MDN may earn a seventy per cent interest in five prospecting licences (PL's) held by Lakota in the Tulawaka Area of the Lake Victoria goldfields of northern Tanzania. The PL's cover a total area of 204.3 square kilometres. MDN may earn their interest therein by making scheduled option payments and carrying out comprehensive exploration programs on each property

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