SOURCE: Houston Lake Mining Inc.

August 07, 2008 08:00 ET

Houston Lake Updates Exploration on West Cedartree

Delineation Drilling Expands the Historical Resource at Dogpaw, 230 Samples Shipped for Assay From Dogpaw and Dubenski Properties

SUDBURY, ON--(Marketwire - August 7, 2008) - Houston Lake Mining Inc. (TSX-V: HLM), an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to provide an update on exploration activity currently under way on the Dogpaw and Dubenski properties which form part of the Company's 100% owned and optioned 1,674 hectare (4,135 acre) West Cedartree Gold Project ("WCGP"), located near Kenora, Ontario.

Houston Lake has identified its first gold resource on the WCGP at Angel Hill in October of 2005. The Company is seeking to upgrade its second and third gold resources on the project towards the justification of an onsite mill.

"We continue to make steady progress on all fronts at West Cedartree," said Grayme Anthony, President & CEO. "We are looking forward to receiving a NI 43-101 report on Dubenski which we expect to will confirm our second historical resource and provide us with new drill targets. Meanwhile, drilling is continuing to define and increase the extent of the historic gold resource at Dogpaw."

Dogpaw Lake Property

A 34 hole, 3,209 metre delineation drill program was recently completed and seeks to upgrade a portion of the Dogpaw No. 1 Vein historic resource of 53,741 tonnes grading 15.43 g/mt gold (59,239 tons averaging 0.450 oz/st gold) to modern standards. The first ten holes of this program have been reported and all ten holes intersected significant gold values of 3 g/mt gold or higher. The geological team has been recently expanded to keep pace with rate of drill core production. Approximately 300 new drill core samples have been thus far shipped for assay. Results will be announced as soon as they are made available.

A new 2,000m (6,560 ft.) delineation drill program commenced in early July and is approximately half way completed. The program aims to expand the historic resource to encompass a newly identified western lateral extension (the Dogpaw No. 2 Vein). The No. 2 Vein has now been defined to a depth of over 140m (460 ft.) and for a distance of at least 100m (328 ft.) along strike.

Stripping and washing of the Dogpaw No. 4 Vein has been completed. Channel sampling is now under way. The No. 4 Vein is interpreted as eastern extension of the Dogpaw No. 1 Vein. Two other vein systems on the property are targeted for stripping and channel sampling as part of this year's surface exploration program.

Geologic mapping and prospecting along the 6 km (3.6 mile) trace of the large gabbro sill is ongoing. The gabbro sill is host to the basal McLennan, the internal Angel Hill, and the upper Dogpaw No. 1 Vein gold zones on the West Cedartree Gold Project.

Dubenski Property

A 17 hole, 1,798.6 metre (5,899.4 foot) drill delineation program was completed by spring of 2008. The program targeted a portion of the Dubenski Shaft Zone historic resource of 355,286 tonne grading 6.32 g/mt gold (322,310 tons averaging 0.184 oz/st gold). Independent consulting geologists Watts Griffis and McOuat Ltd. (WGM) supervised the Dubenski drill program and have been contracted to complete a National Instrument 43-101 resource calculation report. A key component of this report is the interpretation of the controls of gold mineralization which will assist in guiding the next phase of drilling on the property. The WGM report is expected by early September.

Drill core from several previous programs has been located. This important drill record will be recovered and evaluated in the next few months.

Geologic mapping and ground proofing of geophysical targets generated in last winter's IP program has been completed on the Dubenski property. Mechanized stripping and washing and channel sampling of a number of sulphide-bearing outcrops has been accomplished A total of 82 channel samples have been shipped to lab. Results are expected in about a month's time.

Due Diligence

All samples reported were shipped to TSL Laboratories, an ISO accredited facility, of Saskatoon, Saskatchewan. Samples taken from the core of the mineralized zone were analyzed utilizing a screen metallic assay method. This methodology provides a higher level of assurance by testing a large quantity of sample (1,000g) and by monitoring the size distribution of the gold. Samples taken from the shoulders of the mineralized zone were analyzed by fire assay utilizing a 50 gram charge. All samples were assayed with an AA finish and those samples assaying above 3 g/mt gold were retested utilizing a gravimetric finish. The samples will also be re-checked at a second qualified laboratory in keeping with the Company's standard due diligence procedures.

The tonnages, grades, assays and other technical data are taken from historical records prior to the implementation of NI 43-101. While the data are believed to have been acquired, processed and disclosed by persons believed to be technically competent, it is unverifiable at present.

A qualified person as defined under NI 43-101 has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Houston Lake is not treating the historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and the historical estimate should not be relied upon.

Dean Cutting, P. Geo., an independent consulting geologist, is the Qualified Person under the guidelines of NI 43-101 for the technical aspects of this news release.

About Houston Lake Mining Inc.

Houston Lake is an advanced, vertically integrated resource exploration company. The Company is actively exploring for gold, platinum group metal and rare metal deposits in northwestern Ontario with a strategic focus on the West Cedartree gold project. Houston Lake's objective 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 29,435,246 common shares issued and outstanding.

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.

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