SOURCE: Houston Lake Mining Inc.

December 11, 2007 08:00 ET

Houston Lake Intersects Significant Gold Values in Channel Samples at West Cedartree Project

Dogpaw Lake No. 2 Vein Returns 13.71 g/mt Gold Over 3.35 Metres; Weighted Average of 3.49 g/mt Gold for All 90 Channel Samples

SUDBURY, ON--(Marketwire - December 11, 2007) - Houston Lake Mining Inc. (TSX-V: HLM) (PINKSHEETS: HLKMF), an advanced exploration company seeking gold, platinum group metals and rare metals in Ontario, is pleased to announce initial assay results from the fall 2007 surface stripping program at the Dogpaw Lake Property ("DP").

Channel sampling targeted both the No. 2 and No. 4 Veins on the DP. Each channel was cut to include the shoulders of any mineralization and was extended into the wall rock hosting the mineralization. Results are reported from the first eight of 32 channel cuts conducted over a 73 metre long exposure of the No. 2 Vein (see Table 1). The 52 assays returned results ranging from trace to 39.82 g/mt Au (1.161 oz/st Au) and had a weighted average of 4.07 g/mt Au (0.119 oz/st Au). Channel cuts intercepted 13.71 g/mt Au over 3.35 metres (0.400 oz/st Au over 10.99 feet) including 39.82 g/mt Au over 0.90 metres (1.161 oz/st Au over 2.95 feet) in Channel Cut #1. Results from the remaining Vein No. 2 channel cuts are expected to be announced within the next few weeks.

The DP forms part of the Company's 100% owned and optioned 1,674 hectare (4,135 acre) West Cedartree Gold Project near Kenora, Ontario. The project area encompasses three zones hosting gold resources at Angel Hill (NI 43-101 compliant), Dogpaw Lake No. 1 Vein (historic) and Dubenski Shaft (historic). Drilling is slated to begin in early January and is aimed at upgrading the historic resources at Dubenski and Dogpaw Lake.

"We are very pleased with this promising start to the exploration results from Veins No. 2 and No. 4," said E. Grayme Anthony, P. Geo., President and Chief Executive Officer. "Early indications are that these two veins are the faulted off extensions of the Dogpaw Lake No. 1 Vein. If this is indeed the case then there is considerable potential to add to the No. 1 Vein resource, both laterally and vertically."

Table 1. Fall 2007 Channel Sample Results from Dogpaw Lake Vein No. 2

                                 Width in   Gold   Width in    Gold
                                  Metres   (g/mt)    Feet    (oz/st)

    Channel Cut Location

1.4 m. SW                         3.35 m.   13.71   10.99 ft. 0.400
   Incl.                          1.35 m.   32.83    4.43 ft. 0.958
   Incl.                          0.90 m.   39.82    2.95 ft. 1.161

3.4 m. SW                         0.50 m.    1.05    1.64 ft. 0.030
   Also                           0.60 m.    1.03    1.97 ft. 0.030

6.3 m. SW                         2.55 m.    3.74    8.36 ft. 0.109
   Incl.                          0.90 m.    5.47    2.95 ft. 0.160

8.1 m. SW                         5.10 m.    4.78   16.73 ft. 0.139
   Incl.                          1.80 m.    9.76    5.90 ft. 0.285
   Incl.                          0.90 m.   12.98    2.95 ft. 0.379

9.9 m. SW                         4.50 m.    4.54   14.76 ft. 0.132
   Incl.                          1.20 m.    6.07    3.94 ft. 0.177
   Also Incl.                     0.90 m.    8.90    2.95 ft. 0.260

11.7 m. SW                        3.20 m.    6.44   10.50 ft. 0.188
   Incl.                          2.10 m.    9.78    6.89 ft. 0.285
   Incl.                          1.10 m.   13.78    3.61 ft. 0.402

13.3 m. SW                        5.60 m.    5.37   18.37 ft. 0.157
   Incl.                          2.95 m.    9.53    9.68 ft. 0.278
   Incl.                          1.30 m.   17.96    4.26 ft. 0.524

15.1 m. SW                        3.55 m.    7.63   11.64 ft. 0.222
   Incl.                          2.90 m.    9.30    9.51 ft. 0.271
   Incl.                          1.85 m.   11.67    6.07 ft. 0.340

Results are reported from five preliminary channel cuts conducted over eastern portion of a 63 metre long exposure of the No. 4 Vein (see Table 2). The 38 channel samples returned results ranging from 0.005 to 23.85 g/mt Au (0.696 oz/st Au) and had a weighted average of 2.32 g/mt Au (0.068 oz/st Au). This weighted average included the sampling of unmineralized wall rock. The channel cuts intercepted 4.77 g/mt Au over 2.70 metres (0.139 oz/st Au over 8.86 feet) in Channel Cut #2 and returned 4.54 g/mt Au over 0.90 metres (0.132 oz/st Au over 2.95 feet), including 8.55 g/mt Au over 1.05 metres (0.249 oz/st Au over 3.44 feet) in Channel Cut #3. The Vein No. 4 exposure is planned to be more rigorously sampled next spring.

Table 2. Fall 2007 Channel Sample Results from Dogpaw Lake Vein No. 4

                                 Width in   Gold   Width in    Gold
                                  Metres   (g/mt)    Feet    (oz/st)
    Channel Cut Location

8.3 m. SW                         3.55 m.   2.17   11.64 ft.   0.063
   Incl.                          2.05 m.   3.44    6.72 ft.   0.098
   Incl.                          0.70 m.   3.76    2.30 ft.   0.110

17.7 m. SW                        2.70 m.   4.77    8.86 ft.   0.139
   Incl.                          2.15 m.   5.07    7.05 ft.   0.148
   Incl.                          1.10 m.   6.55    3.61 ft.   0.191

23.0 m. SW                        2.70 m.   4.54    8.86 ft.   0.132
   Incl.                          1.60 m.   7.59    5.25 ft.   0.221
   Incl.                          1.05 m.   8.55    3.44 ft.   0.249

30.5 m. SW                        3.10 m.   3.76   10.17 ft.   0.110
   Incl.                          2.00 m.   5.72    6.56 ft.   0.167
   Incl.                          0.60 m.   7.36    1.97 ft.   0.215

32.8 m. SW                        1.95 m.   2.89    6.40 ft.   0.084
   Incl.                          1.60 m.   3.41    5.25 ft.   0.099

   Incl.                          0.70 m.   4.76    2.30 ft.   0.139

Technical crews were mobilized to the property last week to continue the program of re-examination and re-assaying of the historic core of the Dogpaw No. 1 Vein and to prepare for an early January start up of the winter drilling campaign. Houston Lake has signed a drill contract of 5,000 metres (16,400 feet). The drilling will initially target the historic resources at the Dubenski Shaft Zone and Dogpaw No. 1 Vein.

Due Diligence

The 90 channel samples (52 samples from Vein No. 2 and 38 from Vein No. 4) were shipped to TSL Laboratories of Saskatoon, Saskatchewan. Those samples derived from the central portions of the mineralization were tested by metallic screen analysis and the rest were analyzed by fire assay utilizing a 50 gram charge. All fire assay samples were completed with an AA finish. Those samples assaying above 3 g/mt Au were retested utilizing a gravimetric finish.

The presence of a nugget effect was suggested by analysis of results from the first batch of 57 verification samples taken from the Dogpaw Lake property last spring. As a precaution, 24 of the 52 channel samples from Vein No. 2 and 16 of the 38 channel samples from Vein No. 4 were analyzed utilizing a screen metallic assay method. This methodology provides a higher level of assurance by testing a large quantity of sample (1,000 grams) and by monitoring the size distribution of the gold. A nugget effect was detected and monitored in some of the channel samples. Samples will also be re-checked at a second qualified laboratory in keeping with the Company's standard due diligence procedures.

Independent Consultant Dean R. Cutting, P. Geo., is the Qualified Person for the project under the guidelines of NI 43-101 and has reviewed this news release in its entirety.

About Houston Lake Mining Inc.

Houston Lake is an advanced exploration, vertically integrated resource company. The Company is actively exploring for gold, platinum group metals and rare metals in northwestern Ontario with a strategic focus on the West Cedartree gold project. Houston Lake's objective in the short term is to become a gold producer by surface mining its West Cedartree gold project and developing its 100% owned and optioned properties. The Company has a total of 26,910,118 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward- looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.

Contact Information

  • Company Contacts

    Houston Lake Mining Inc.

    Barnes McInerney
    E. Grayme Anthony P. Geo., MBA
    President and CEO
    Tel: 705-897-7622
    Fax: 705-897-7618
    Email Contact

    Colin Languedoc
    Senior Account Executive
    Tel: 416-367-5000 ext. 225
    Fax: 416-367-5390
    Email Contact