SOURCE: Houston Lake Mining Inc.

January 03, 2008 08:00 ET

Houston Lake Receives $179,860 to Complete 100% Exercise of Outstanding Warrants

SUDBURY, ON--(Marketwire - January 3, 2008) - 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 the Company received $179,860.45 in December 2007 from the exercise of 513,887 two-year warrants priced at $0.35. The warrants were grouped in two tranches with expiry dates of December 23 and December 31.

"We are very pleased that our 2005 warrant holders were able to realize value," said E. Grayme Anthony, P. Geo., President and Chief Executive Officer. "The fact that 100% of the warrants were exercised speaks well of the Company's growth over the past two years and indicates strong confidence among investors in Houston Lake's future development."

Houston Lake will be holding its annual general meeting of shareholders at 2:00 pm on Tuesday, February 5, 2008 at the Company's head office in Sudbury.

About Houston Lake Mining Inc.

Houston Lake is an advanced, vertically integrated resource exploration 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 27,364,746 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.

Forward-looking Statements

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.

www.houstonlakemining.com

Contact Information

  • Company Contacts

    Houston Lake Mining Inc.
    E. Grayme Anthony P. Geo., MBA
    President and CEO
    Email Contact
    Tel: 705-897-7622
    Fax: 705-897-7618

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