<!--[if gte mso 10]> <style> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} </style> <![endif]-->

Lakeland Resources Inc. Intercepts Anomalous Radioactivity, Alteration and Structure at the Gibbons Creek Property, Athabasca Basin, Saskatchewan, Canada
VANCOUVER, March 12, 2015 /CNW/ - Lakeland Resources Inc. (TSXv: LK; FSE: 6LL; OTCQX: LRESF) (the "Company") is pleased to announce the completion of its Phase 1 drilling program at the Gibbons Creek/ Star Property, Athabasca Basin region in Northern Saskatchewan. Phase 1 consisted of a total of 2,550 metres, totaling 14 holes at the Gibbons Creek -- Star Property(s). In total, four drill holes encountered anomalous radioactivity near the sub-Athabasca unconformity; quantitative analytical results will be reported when they are received.
Lakeland considers the Phase 1 drill program to be a success, and provides several additional targets for follow-up drill testing. Lakeland currently has approximately $2,000,000 budgeted for exploration work in 2015, with several projects, including Newnham Lake and Lazy Edward Bay at the drill ready stage.
Highlights:
-- Six drill holes (GC15-02, 03, 04, 07, 08 and 11) were completed along an
approximately 1 1/2 to 2 km long corridor with coincident resistivity low,
gravity low and historic alteration and/or radioactivity. All holes
intersected the unconformity at depths of less than 125 m, and
intersected either anomalous radioactivity and/or alteration, as detailed
below. Weakly graphitic pelitic gneiss was encountered in several holes
at depths of about 40 metres below the sub-Athabasca unconformity. This
trend remains a high priority exploration target.

-- DH GC15-03 intersected highly anomalous radioactivity below the
sub-Athabasca unconformity within pelitic basement rocks, the zone
consists of a one metre interval with >800 Counts Per Second ("CPS") and
peak value of 7,926 CPS. Variably strong to intense basement alteration
persisted until at least 175 m depth; with variable patchy to weak
clay/chlorite alteration continuing until 189.87 m. Drill hole GC15-03 is
located approximately 210 metres east of historic drill hole GC-15 with
historic analytical results of 0.18% U3O8 over 0.13 metres.

-- DH GC15-11, drilled approximately 20 m north of GC15-03 intersected
similar alteration to depths of 192 m. This zone remains open in all
directions, and requires following drilling along strike and at depth.

-- Three drill holes (GC15-01, 05 and 10) were completed along an
approximately 1 km long NNW trending structural corridor with a
coincident resistivity low, gravity low and magnetic contact; all near
the head of the historic Gibbons Creek boulder field. All holes
intersected the unconformity at depths of less than 110 m, and
intersected either anomalous radioactivity and/or alteration, as detailed
below. This trend remains a high priority exploration target.

-- Structural elements favorable for unconformity-style mineralization were
observed along this trend. Hole GC15-10 encountered strong ductile
shearing adjacent to local brittle-ductile cataclastic brecciation in the
basement for a 37.4 metre interval between 111.0 and 148.4 metres.
"We consider the first winter drill program at Gibbons a success, having encountered both anomalous radioactivity and alteration suggestive of a proximal basement hosted or unconformity hosted uranium occurrence." Stated Jonathan Armes, President of Lakeland Resources. "During the coming weeks we will be in receipt of geochemical results for uranium and pathfinder elements such as Boron, Ni, Co, As; as with other historic uranium discoveries within the Athabasca Basin, each successful drill program helps guide the next towards the discovery of a new uranium occurrence."
Drill targets at the Gibbons Creek Property were defined with the use of boulder prospecting, soil radon surveying, DC resistivity, magnetometer and gravity surveying. This is in addition to the historic database of diamond drilling, ground EM and soil geochemical surveys.
A ground gravity survey, consisting of 270 stations was conducted concurrent with the drill program by Dahrouge Geological Consulting Ltd. in order to solidify targets.
All of the holes at the Gibbons Creek Property that were located along the gravity - resistivity trend encountered elevated radioactivity near the sub-Athabasca unconformity, usually with maximum values of 800 to 1,500 CPS over narrow intervals. Table 1 represent holes with greater than 800 CPS over intervals of greater than 0.3 metres.
Table 1. Summary of Anomalous Down-hole Radioactivity Results

From To Interval Average
Drill Hole (m) (m) (m) (>800) Maximum
----------- ----- ----- -------- ------- -------
GC15-01 81.2 81.6 0.4 1,104 1,379
GC15-02 99.0 99.3 0.3 1,204 1,589
GC15-02 99.6 100.3 0.7 1,072 1,312
GC15-03 107.1 108.1 1.0 2,828 7,926
GC15-11 102.9 103.5 0.6 1,415 1,740

All drill holes were surveyed with a down-hole Mount Sopris 2PGA-1000 Poly-Gamma-Ray Scintillometer. Background radioactivity levels are generally between 10 and 100 CPS in the sandstone and basement rocks. Lakeland considers intervals of greater than-or-equal-to 0.3 m and greater than 800 CPS to be anomalous radioactivity; and intervals above 2,000 CPS to be highly anomalous radioactivity.
Note that the 2PGA-1000 down-hole scintillometer records total gamma radiation which can be derived from potassium (K), thorium (Th) or uranium (U) and its radioactive decay products, and thus may not be directly related to uranium grades in the drill core. Additionally, core recovery may also affect the amount of material available for quantitative laboratory sampling. All intersections are down-hole, core interval measurements and true thickness is yet to be determined.
Split core samples were recovered though intervals of anomalous radioactivity or sulphide content, and were submitted to Activation Laboratories Ltd. ("Actlabs") of Ancaster, Ontario. Composite samples were collected systematically throughout the sandstone in order to assess the geochemical profile above the sub-Athabasca unconformity. Actlabs is an ISO Certified Laboratory, and independent of the issuer. All samples will be analyzed with a 39-element "partial digestion" with ICP-MS/ICP-OES analysis; and a 49-element "total digestion" with ICP-MS/ICP-OES analysis; and boron. If samples return greater than 8,000 ppm Uranium with either digestion, they will be analyzed with the 8-U3O8-XRF method. Basement samples will be tested for Au, Pt, Pd with the 1C-OES-Exploration method Fire Assay. PIMA samples were also collected systematically throughout the sandstone and basement in order to assess the clay alteration minerals.
Drill core is being sent for both uranium and multi-element analysis, which will be used in conjunction with existing geophysical data for planning of follow up drilling.
Updated maps and photos can be found on the Company's website at:
http://lakelandresources.com/projects/gibbons-creek/
NI 43-101 Disclosure