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

Lake Victoria Mining Company, Inc.

July 31, 2009 09:15 ET

Lake Victoria Mining Company Receives First Assay Results from Kilimanjaro's Singida "Gold Rush" District, Tanzania

GOLDEN, COLORADO--(Marketwire - July 31, 2009) - Lake Victoria Mining Company, Inc. (OTCBB:LVCA) has just received encouraging assay results from Kilimanjaro's Singida "Gold Rush" district. The Company expects to be able to release a consolidated report on this initial group of assays by early next week.

The final part of the Securities Exchange Agreement between Lake Victoria and Kilimanjaro Mining Company Inc. has been completed today with the submission of the treasury order that will complete the share exchange between the two companies. Upon distribution of the Lake Victoria shares to the selling Kilimanjaro Shareholders, Kilimanjaro will become a wholly owned subsidiary of Lake Victoria.

Upon reviewing the initial assay results, Roger Newell Ph.D, president of Lake Victoria and a seasoned and experienced senior geologist, shared: "In my years of searching for gold, this area has is one of the best I have seen. The signs were there from the first visit that the area was poised to become the next big gold rush. Although we are still verifying and consolidating the initial assay results, we are proud and look forward to sharing them with the public as soon as possible. It is good that Kilimanjaro acted swiftly to secure and then to immediately work to further define the gold potential of this area. It is always exciting to work on a project where the search is easy."

About the Companies

Kilimanjaro Mining Company Inc. is a private metals exploration company focused in Tanzania, East Africa. The company holds a significant number of highly prospective gold and uranium licenses. (www.kilimanjarominingcompany.com)

Lake Victoria Mining Company 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.

Contact Information