VANCOUVER, BRITISH COLUMBIA–(CCNMatthews – June 7, 2005) – Lalo Ventures Ltd. (TSX VENTURE:LAL) is pleased to announce that the first ever modern systematic exploration program at the former San Juan Gold Mine is now underway. Lalo recently acquired a 100% option interest in the mine and surrounding 20,300 hectares, located 450 kilometres southeast of Ensenada, along the east coast of Baja California Norte, Mexico.

Historically the San Juan Mine produced gold on a small scale until 1911. Reportedly during its operation, 11 levels were excavated and yet much of the mine's ultimate potential remains untested. A random sample from tailings of previous production, taken by independent consultants, Coast Mountain Geological, was assayed by ACME Labs of Vancouver and returned 3.78 grams per tonne (g/t) gold and 34 g/t silver. Samples taken from various locations inside the mine workings ranged from 0.58 g/t gold and 3.8 g/t silver to 23.25 g/t gold and over the detection limit for silver (+100 g/t). Over-limit silver samples will be re-submitted for re-assay.

The 2005 exploration program has four objectives:

1. Determine the potential to extend the known gold mineralization beyond existing mine workings, along strike and at depth.

2. Test alteration exposed in a halo about 1 km by 2 km centered on the mine workings.

3. Sample several mineralized outcrops and an extensive silicified and brecciated shear zone to the north of the San Juan Mine. This 7-kilometre-long prominent ridge, initially identified by satellite imagery analysis, appears to be up to 50 metres high with widths varying from 50 to 100 metres.

4. Sample an extensive alteration zone, 6 km southeast of the mine, known as Tarantula.

All work is conducted in strict accordance with industry standards under the supervision of Mr. Paul Metcalfe, PhD, P. Geo. of Coast Mountain Geological Ltd.

Lalo Ventures intends to build shareholder value by acquiring, exploring, and developing high-quality gold and Iron Oxide Copper-Gold prospects. The Company has assembled an impressive portfolio of 100% optioned properties over 240,000 hectares of strategically located, highly prospective and under-explored ground in Baja. Projects include four hydrothermal gold and seven large-scale IOCG prospects; the latter are on trend with the Anglo-Cardero joint venture ground. The 30,000 hectare Xilma IOCG concession borders to the south on the Anglo/Cardero's Main Alisitos property.

"We are very pleased, to be exploring the possible expansion of ore grade material beyond the old San Juan Mine workings. Along with its rich production history, the San Juan property's very prospective geology offers excellent potential for major new gold discoveries," said Mr. Damien Reynolds, Director.

On behalf of the Board of Directors,

Eric X. Lavarack, President & CEO

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. Such statements are based on numerous assumptions and are subject to all the risks and uncertainties inherent in the Company's business, including risks related to mineral exploration and development. Consequently, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture exchange has nor reviewed and does not accept responsibility for the adequacy and accuracy of this release.