Lois Lane (Erica Durance) was introduced in season four of Smallville when she comes to investigate the mruder of her cousin, Chloe Sullivan.  However, when she finds out Chloe is still alive, she enrolls in Smallville High to finish the high school degree she never did.

As of season seven, Lois has been a reporter for The Daily Planet.  Though her and Clark often butt heads and love to tease each other, there's definitely going to be a Lois and Clark in the future.  Duh, have you read the comics?

Lois Lane Quotes

Lois: Who the hell are you, then?
John Corben: I'm a field reporter. I spent the last few years in Afghanistan. hopefully that gave me enough training to be your desk mate.
Lois: Don't bet on it.

John Corben: Good find?
Lois: Look, on a scale of 1 to 10 of illegal things I've done in my life, this doesn't even hit the radar. Okay, that didn't exactly come out right.

Smallville Quotes

Lois: You've got to be kidding me. Little Mermaid, I dated your prince for like a day.
Mera: It's understandable that you would seek a superior companion. I'm just surprised that powerful men would choose someone with lesser ability.
Lois: Listen squid lips, you don't know anything about me or Clark.

Chloe: The true test of believing is someone knowing their lies are there to protect you.
Chloe: It's not really trust if you have to ask people to explain themselves.