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MOUNT DAKOTA ACQUIRES ADDITIONAL PROPERTIES; REPORTS EARNINGS

 Vancouver-Further to our announcement on May 29, 2001, the Company is pleased to report the successful acquisition of six properties in Alberta at the Alberta Crown land sales. The properties were acquired with joint venture partners with the company having an average of 41% working interest in the properties. Further details regarding these properties will be released when the company and its partners begin the drilling portion of the exploration program.

These acquisitions, and more to follow, are a part of the Company's continuing objective of aggressively increasing production and reserves. The Company is pleased to report $0.05 per share earnings for the quarter ending April 30, 2001. The Company is funded to enable the company to acquire, drill and explore into the next year.


For further information please call (604) 689-2454 or visit our web site at www.mountdakota.com.

On behalf of the Board



Gary Claytens
President


The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the contents of this news release
 
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