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

Lake Victoria Mining Company, Inc.

September 03, 2009 09:15 ET

Lake Victoria Receives Positive Preliminary Gold Recovery Results From Tailing Samples, Singida Gold Project

GOLDEN, COLORADO--(Marketwire - Sept. 3, 2009) - Lake Victoria Mining Company (OTCBB:LVCA) has received positive results from the initial metallurgical studies conducted on tailing samples from the company's Singida Gold Project, central Tanzania. The tailing samples assayed 4.65 grams per metric ton gold, and initial leaching tests resulted in an extraction of 86.6 percent of the gold.

Roger Newell, president of Lake Victoria stated that "While these preliminary leaching results are very encouraging, additional studies are required to determine what amount of gold might also be recovered by gravity methods. The gravity test results will be received shortly. Once received, the optimal gold recovery system will be identified. For Lake Victoria, this brings us another step closer to initial gold production, and to becoming a producing gold company beyond just an exploration company."

Geological mapping, sampling and a detailed ground magnetic survey at Singida began in late July 2009 with the aim of defining ore controlling structures and rock types associated with the gold occurrences. These field studies are ongoing, but the geology appears to be dominated by quartz veins in dark colored, fine grained metamorphic greenstone rocks within shear zones; and these rocks and structures are believed to be surrounded by Precambrian granites. This geologic setting is similar to many classic gold districts that occur in Precambrian greenstone belts.

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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