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Dakota Territory Resource Corp Completes Private Placement

Dakota Territory Resource Corp Completes Private Placement

Four Former Senior Executives of Homestake Mining Company Invest

Reno, Nevada, Jan. 28, 2013 (GLOBE NEWSWIRE) -- Dakota Territory Resource
Corp(OTCQB: DTRC) ("Dakota Territory" or the "Company") is pleased to announce
that it has completed sales from an offering of unregistered securities (the
"offering"). The terms of the offering provided for the raising of
$200,000.00 through the sale of 2,000,000 shares of the Company's restricted
common stock at $0.10 per share, subject to an over-allotment provision of up
to 25%. The financing was fully subscribed, including the over-allotment
option, resulting in gross proceeds to the Company in the amount of
$250,000.00 and the issuance of 2,500,000 restricted common shares.

Fourteen accredited investors participated in the offering, including four
former senior executives of Homestake Mining Company. The Company issued no
warrants, nor were any fees or commissions paid in connection with the
offering.

Proceeds from the offering will be used for general working capital purposes,
including ongoing preliminary exploration work conducted on the Company's
Blind Gold Property and preparatory work for additional exploration programs
planned for the summer of 2013.

As reported by the Company on Form 8-K and in a news release, both dated
January 7, 2013, Dakota Territory recently increased the Company's property
holdings through the acquisition of three groups of unpatented lode mining
claims covering approximately 853 acres in the Black Hills of South Dakota.
The Company's new properties are located in the heart of the prolific
Homestake district that has produced approximately 50 million ounces of gold
and are situated in close proximity to the Blind Gold Property. The Company's
exploration activities in 2013 will be focused on the Homestake formation that
lies under the Blind Gold Property and the search for a repeat of the
Homestake deposit under cover. Dakota Territory's secondary objective is to
simultaneously advance its prospective gold targets on the Homestake
Paleoplacer, City Creek and West False Bottom Creek/Paradise Gulch Properties
through the acquisition of new data that will build from the extensive
historic exploration work already performed on the properties.

About Dakota Territory Resource Corp

Dakota Territory Resource Corp. is a Nevada Corporation with offices located
at Reno, Nevada. Dakota Territory is committed to creating shareholder value
through the acquisition and responsible exploration and development of high
caliber gold properties in the Black Hills of South Dakota.

In terms of total historic US gold production, the Black Hills ranks second
only to the Carlin District of northeast Nevada, with the gold production of
the Black Hills concentrated in a 100 square mile area known as the Homestake
District. Dakota Territory maintains 100% ownership of four mineral
properties including the Blind Gold, West False Bottom/Paradise Gulch, City
Creek and Homestake Paleoplacer Properties, all of which are located in the
heart of the Homestake District and cover a total of approximately 2,466
acres. The Blind Gold Property is located approximately 3 miles northwest and
on structural trend with the historic Homestake Gold Mine. Through its 125
year production history, the Homestake Gold Mine produced approximately 40
million ounces of gold and is the largest iron-formation-hosted gold deposit
in the world.

In the 1980's and 1990's Homestake Mining Company undertook a $70 million
exploration program managed by Richard Bachman, President and CEO of Dakota
Territory Resource Corp that was focused primarily on the search for a repeat
of the Homestake Mine. This program successfully discovered significant new
gold mineralization beyond the confines of the producing mine, demonstrating
repeatability and the potential for additional gold deposits in the Homestake
iron-formation host. The program also proved the continuous extension of the
Homestake iron-formation to a distance of approximately 3 miles from the
producing mine and under the Blind Gold Property.

Dakota Territory Resource Corp. is uniquely positioned by the experience of
its management team to leverage the extensive exploration efforts of the past,
beginning at the point where the Homestake program ended in 1994. For more
information on Dakota Territory Resource Corp please visit the Company's
website at http://dakotaterritoryresource.com/.

Investor Relations

Investor Relations Contact: For more information, please contact Constellation
Asset Advisors, Inc. (415) 524-8500

Cautionary Note to U.S. Investors

The United States Securities and Exchange Commission ("SEC") limits disclosure
for U.S. reporting purposes to mineral deposits that a company can
economically and legally extract or produce. Our property currently does not
contain any known proven or probable ore reserves under SEC reporting
standards. Our reference above to the various formations and mineralization
believed to exist in our property as compared to historical results and
estimates from other property in the district is illustrative only for
comparative purposes and is no indication that similar results will be
obtained with respect to our property. U.S. investors are urged to consider
closely the disclosure in our latest reports filed with the SEC. You can
review and obtain copies of these filings at http://www.sec.gov/edgar.shtml.

Safe Harbor Statement

This release contains forward-looking statements that are based upon current
expectations or beliefs, as well as a number of assumptions about future
events. Although we believe that the expectations reflected in the
forward-looking statements and the assumptions upon which they are based are
reasonable, we can give no assurance that such expectations and assumptions
will prove to have been correct. Forward-looking statements are generally
identifiable by the use of words like "may," "will," "should," "could,"
"expect," "anticipate," "estimate," "believe," "intend," or "project" or the
negative of these words or other variations on these words or comparable
terminology. The reader is cautioned not to put undue reliance on these
forward-looking statements, as these statements are subject to numerous
factors and uncertainties, including but not limited to: adverse economic
conditions, competition, adverse federal, state and local government
regulation, inadequate capital, inability to carry out research, development
and commercialization plans, loss or retirement of key executives and other
specific risks. To the extent that statements in this press release are not
strictly historical, including statements as to revenue projections, business
strategy, outlook, objectives, future milestones, plans, intentions, goals,
future financial conditions, events conditioned on stockholder or other
approval, or otherwise as to future events, such statements are
forward-looking, and are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. The forward-looking
statements contained in this release are subject to certain risks and
uncertainties that could cause actual results to differ materially from the
statements made. Readers are advised to review our filings with the Securities
and Exchange Commission that can be accessed over the Internet at the SEC's
website located at http://www.sec.gov

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