Cross Lake Minerals Ltd.
TSX : CRN

Cross Lake Minerals Ltd.

September 05, 2007 09:00 ET

Cross Lake Minerals Ltd.: 54.3g/t Gold Over 3.4 Metres Intersected at Porcher Island

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 5, 2007) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES

Cross Lake Minerals Ltd. ("Cross Lake") (TSX:CRN) is pleased to announce that diamond drill hole CL-07-29 from the diamond drilling program on the Porcher Island Property (the "Property") intersected 54.3g/t gold over 3.4 metres in one of three distinct zones of high grade gold mineralization. The Property is located in the Skeena Mining Division, 35 kilometers south-southwest of Prince Rupert, British Columbia.

Diamond Drill Hole CL-07-29 was one of several holes drilled to confirm the grade and continuity of the AT Zone. The following table summarizes the significant results from drill hole CL-07-29:



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Drill Hole From (m) To (m) Interval (m) Gold (g/t)
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CL-07-29 61.60 62.80 1.20 31.1
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and 190.19 195.96 4.97 10.9
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and 205.33 208.73 3.40 54.3
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Note: True width is estimated to be 70 to 75% of
the drilled intervals


Drill hole CL-07-29 was located to expand and confirm the high grade gold mineralization within the AT Zone. The positive results to date from the AT Zone drilling, including hole 29 and the discovery and delineation of the Cedar Vein have served to further confirm the development potential at Porcher Island. The logging and sampling of the balance of the drill holes from the recent drill program is now completed and the results are expected over the next few weeks.

As previously reported by the Company, from 1975 to 1988, extensive exploration of the AT Zone resulted in a drill outlined mining reserve of 623,095 tons grading (cut and diluted) 0.20 oz/t gold over an average mining width of 11 feet (News Release Dated November 22, 2005). The exploration results and resources referred to above are historical in nature and were compiled before NI-43-101. Cross Lake has not independently analyzed the results of the previous exploration therefore the historical results should not be relied upon. Cross Lake believes these historical results provide an indication of the potential of the Property and are relevant to ongoing exploration. The drilling conducted in 2007 has to date continued to expand the known areas of gold mineralization both within the AT Zone and resulted in the discovery of the Cedar Vein Zone. As a result of the success of this program a wider surface exploration program in underway and the Company has made the decision to proceed with further technical studies including engineering, metallurgy, environmental and scoping analysis.

The initial phase of the surface program of geochemical sampling using conventional versus the Mobile Metal Ion (MMI) technique has now been completed and the analysis is now underway and the compilation and interpretation of the historic and current data is ongoing. Following the receipt of the final results from the diamond drilling and surface exploration program a second drilling program will be undertaken to continue to expand the historic resource base and the overall potential of the Property.

Assaying is completed at ACME Analytical Laboratories Ltd. using initial fire assaying (Group 3B) followed by metallic gold assay of samples greater than 5g/t gold. Exploration work is being conducted under the supervision of the Company's Qualified Person and Vice President, Exploration Jim Miller-Tait, P.Geo., who has prepared the contents of this press release. Cross Lake is operator of the Project and holds a 65% working interest with Joint Venture Partner Imperial Metals holding a 35% working interest.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Company expects, are forward-looking statements. Although management 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, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.

12(g) No. 82-2636

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