Lakota Announces Results Of Annual And Special Meeting Of Shareholders And Updates Private Placement Financing

September 14, 2011

LAKOTA RESOURCES INC. (the "Company" or "Lakota") is pleased to announce that at the Company's Annual and Special Meeting (the "Meeting"), held on August 31, 2011 shareholders elected Messrs. David Scott, David Anthony, Marc Cernovitch, Pierre Julien, Robert Sedgemore and Colin Taylor to the Board of Directors. The shareholders also approved all other resolutions including the change of the Company's name to Tembo Gold Corp., a share consolidation on an 18:1 basis and the ratification of the Company's stock option plan.

At a directors meeting held subsequent to the Meeting the directors appointed Mr. David Scott as President and CEO, Mr. John Seaman as CFO, Mr. Nick DeMare as Corporate Secretary and Mr. Marc Cernovitch as Vice President, Business Development.

Due to increased demand, the Company will be increasing its most recent offering as outlined in Lakota's press release dated August 29, 2011 from 66,700,000 units to 78,334,000 units ("Units"). Each $0.03 Unit is comprised of one pre-consolidated common share and one half of one common share purchase warrant (a "Warrant"). One full Warrant will entitle the holder to purchase one additional pre-consolidated common share at a price of $0.045 per share for a period of 2 years from the closing of the
offering. The use of proceeds from this financing will be for working capital and ongoing exploration on
the Company's exploration properties.

The common shares and warrants will be subject to a four month hold period. A finder's fee of 7% cash
and 7% warrants will be paid on a portion of this financing.

The share consolidation and name change will be implemented following the closing of this financing.

For further information regarding Lakota, see Lakota's disclosure documents on SEDAR at www.sedar.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
Marc Cernovitch
Phone: (647) 203-7868

Colin Taylor
Phone: (306) 664-4626

Forward‐Looking Statements

Certain information set out in this news release constitutes forward‐looking information. Forward looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "should", "believe" and similar expressions. In particular, this joint news release contains the following forward‐looking statements in respect to the effective date of the name change and consolidation. Forward‐looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward‐looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. With respect to forward‐looking statements contained in this news release, the Company has made certain assumptions and although the Company believes that the assumptions on which such forward‐looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward‐looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward‐looking statements are based will occur. By their nature, forward‐looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward‐looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward‐looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.