Cross Lake Minerals Ltd.
TSX : CRN

Cross Lake Minerals Ltd.

December 10, 2007 07:00 ET

Cross Lake Minerals Ltd.: Underground Drilling of the North Zone Commences with Completion of Decline QR Mine, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 10, 2007) - Cross Lake Minerals Ltd. (TSX:CRN) (the "Company" or "Cross Lake") is pleased to announce the completion of the North Zone decline at a length of 720 meters and the commencement of underground diamond drilling. The North Zone, a faulted extension of the Main Zone, has been tested by wide spaced drilling over a strike length of approximately 600 meters. It is located at a vertical depth of 200 to 400 meters with the west end of the zone directly below the QR Mill facilities. The North Zone is a high priority target for Cross Lake, as it is the only zone that has not been limited by faulting and, as such, is the largest zone of gold mineralization currently known on the Property and has the best potential to significantly increase the current QR Mine resource and operating life. The following table summarizes the significant intersections from previous drilling of the North Zone as reported in a previous press release in November 2004:



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Hole # From (m) To (m) Width (m) Gold (g/t)
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55 481.00 484.60 3.60 7.22
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164 297.00 315.00 18.00 2.46
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including 299.00 302.00 3.00 5.32
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and 309.00 313.00 4.00 3.60
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182 289.00 304.00 15.00 10.45
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269 282.00 284.00 2.00 16.00
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and 415.00 418.00 5.03 3.00
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270 283.00 287.00 4.00 4.58
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and 288.00 290.00 2.00 13.19
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277 396.00 399.00 3.00 9.65
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and 405.00 407.00 2.00 3.99
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282 259.00 261.00 2.00 3.85
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303 375.00 380.00 5.00 7.53
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474 246.00 262.00 16.00 7.23
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496 402.95 412.95 9.19 4.91
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CL-03-2000 240.50 249.50 9.00 3.87
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and 425.00 431.00 6.00 2.97
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Note: Intervals greater than 4.0 g/t Au are bold.


The gold mineralization contained within the North Zone is identical and a direct extension of the Main Zone, which was exploited by Kinross, the previous operator of the QR Mine. Approximately 100,000 ounces was mined from the Main Zone, which in size is much smaller than the North Zone. The excellent thickness and grade of the gold intersections from the previous drilling clearly indicates the potential to develop the North Zone from underground. The current drilling and development program will provide the detailed information necessary for engineering and mine planning. The mineralization on the QR Property is classified as a skarn deposit and the shape of the mineralization is variable. As such, until this program is completed, it is difficult to determine the attitude and the true width of the mineralization. Acme Analytical Laboratories Ltd. of Vancouver, B.C. completed all assays by conventional fire assay with the exception of the two holes 474 and 496 which were assayed in the QR Mine assay lab while the mine was in production.

As mining operations continue at the QR Mine, it is part of the longer term mine plan to source future mill feed and extend the life of the mine through development of the North Zone. The QR Project is being supervised by Ross Hollinger P.Eng., Mine Manager and Tom Colbourne P.Eng., Vice President of Mining, who are the designated Qualified Persons and who have reviewed the contents of this news release.

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.

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