Drift Lake Resources Inc.

June 20, 2008 11:12 ET

Drift Lake Resources Inc. Releases Audited Results for the Year Ended February 29, 2008

TORONTO, ONTARIO--(Marketwire - June 20, 2008) -

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Drift Lake Resources Inc. (the "Corporation") today announced its audited results for the year ended February 29, 2008.

Results for the year ended February 29, 2008 as compared to the period from September 7, 2006 (date of incorporation) to February 28, 2007 (the "Period Ended February 28, 2007"):

- The Corporation had revenues comprised of interest income of $3,504 for the year ended February 29, 2008 as compared to no revenue for the Period Ended February 28, 2007.

- Total expenses were $88,075 for the year ended February 29, 2008 as compared to total expenses of $48,450 for the Period Ended February 28, 2007.

- Net loss in the year ended February 29, 2008 was $84,571 ($0.033 per basic and diluted common share) as compared to a net loss of $48,450 ($0.048 per basic and diluted common share) for the Period Ended February 28, 2007.

The Corporation is a Richmond Hill based mineral exploration company, currently focused on the exploration for gold on the Rossmere Property in Ontario. The Corporation is a reporting issuer in Ontario.

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