Vancouver, British Columbia - TheNewswire - June 24, 2021 - Lakewood Exploration (CNSX:LWD.CN) ((LWDEF) ("Lakewood" or the "Company") is pleased to announce that it has appointed Morgan Lekstrom, as President effective June 24, 2021.

"We are pleased to have Mr. Lekstrom join the Lakewood team. Mr. Lekstrom brings a wealth of boots on the ground mining experience having held senior roles at various mining projects, including Sabina Gold and Silver's Back River Marine project and Golden Star's Presea underground mine in Ghana," said Lakewood CEO, Michael Dake.  "He will be an invaluable addition to the Lakewood team as we advance the Company's recently acquired past-producing Silver Strand Mine in the renowned Coeur d'Alene mining district in Idaho."

About Morgan Lekstrom

Mr. Lekstrom has 14 years mining experience in progressively senior roles in project, operations, and engineering management and has a strong leadership background with experience overseeing 100+ person teams onsite. In a recent role, Mr. Lekstrom served as Engineering Manager responsible for the budgeting, scheduling and the first phases of execution at Sabina Gold and Silver's Back River Marine Laydown Project. Prior to that, Mr. Lekstrom spent two years in Ghana, West Africa where he played an integral role in the development and revival of Golden Star Resources' Prestea underground mine. He led project, engineering, and maintenance teams and worked with members of the executive team on the implementation of various strategic initiatives.  

"I'm excited to join the Lakewood Exploration team and believe the opportunity for us to reinvigorate this past-producing Silver Strand mine and deliver additional exploration success along strike with a modern exploration approach is significant," stated President, Morgan Lekstrom.  

The Company also announces that it has granted incentive stock options to purchase a total of 600,000 common shares at an exercise price of $0.62 per common share for a period of 5 years to certain directors and officers in accordance with the provisions of its stock option plan.

Qualified Person

Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland, P.Geo. Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About Lakewood Exploration and the Silver Strand Mine

On Behalf of the Board of Lakewood Exploration Inc.

Michael Dake

CEO, Corporate Secretary & Director

Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada

Contact Kristina Pillon, President, High Tide Consulting Corp., 604.908.1695 / [email protected]

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