Drift Lake Resources Inc.

July 11, 2008 08:00 ET

Drift Lake Resources Inc. Releases Unaudited Results for the Three Months Ended May 31, 2008

TORONTO, ONTARIO--(Marketwire - July 11, 2008) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR IN THE UNITED STATES

Drift Lake Resources Inc. (the "Corporation") today announced its unaudited results for the three months ended May 31, 2008.

Results for the three months ended May 31, 2008 as compared to the three months ended May 31, 2007:

- The Corporation had revenues comprised of interest income of $1,886 for the three months ended May 31, 2008 as compared to no revenue for the three months ended May 31, 2007.

- Total expenses were $12,288 for the three months ended May 31, 2008 as compared to total expenses of $8,178 for the three months ended May 31, 2007.

- Net loss was $10,402 ($0.0022 per basic and diluted common share) for the three months ended May 31, 2008 as compared to a net loss of $8,178 ($0.0082 per basic and diluted common share) for the three months ended May 31, 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.

Contact Information