Lake Victoria Mining Company, Inc.
OTC Bulletin Board : LVCA

Lake Victoria Mining Company, Inc.

December 03, 2009 09:15 ET

Lake Victoria to Commence Geophysical Survey to Target Drill Holes at Singida Gold Project, Tanzania

GOLDEN, COLORADO--(Marketwire - Dec. 3, 2009) - (OTCBB:LVCA) Lake Victoria Mining Company is pleased to report the acquisition of its own Induced Polarization (I.P.) electrical geophysical prospecting system that will initially be used to target drill holes at the Company's Singida gold project in central Tanzania.

At Singida, geologic mapping, underground sampling, trenching and detailed ground based magnetic surveys have defined a five kilometer long gold bearing quartz vein system. The Company is currently field surveying and clearing grid lines for conducting electrical I.P. surveys along this five kilometer mineralized trend.

I.P. surveys, by measuring the response from energizing the ground with high energy pulsating electrical forces, can locate at depth the mineralized centers and metal rich source areas which produced the gold veins observed in surface exposures. Locating the source areas and the geologic structures which controlled the near surface vein deposits will allow drill holes to be strategically placed along the five kilometer trend. The objective of the I.P. surveys is to locate drill targets and the objective of drilling is to rigorously define gold resources and reserves that are capable of supporting an economic mining operation.

Roger Newell, president of Lake Victoria said: "Having our own I.P. equipment will allow us to plan and execute our own surveys in a timely fashion. Last year we purchased our own state-of-the-art ground magnetic equipment; now having both geophysical systems will allow us to conduct ground magnetic and electrical surveys quickly and accurately and shorten the time to begin drilling. The sooner we can drill, the sooner we can advance the project towards engineering studies and production."

Additionally, on November 9th the Company formed Lake Victoria Resources (T) Ltd., as a wholly owned subsidiary in Tanzania, to perform exploration and mining activities on all of its mineral properties. Lake Victoria Resources has begun to employ a complete administrative, management, geological and geophysics staff to conduct activities within Tanzania.

About the Company

Lake Victoria Mining Company, Inc. along with its wholly owned subsidiary, Kilimanjaro Mining Company Inc. (www.kilimanjarominingcompany.com) is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa behind South Africa and Ghana.

Additional information regarding the Company is available on the corporate website at: www.lakevictoriaminingcompany.com.

Disclaimer

This news release may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Lake Victoria Mining Company, Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Lake Victoria Mining Company, Inc.'s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Lake Victoria Mining Company, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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