SOURCE: Houston Lake Mining Inc.

January 31, 2008 08:00 ET

Exploration Update on Houston Lake Mining's West Cedartree Gold Project

First Drill Core Samples From Dubenski Shaft Zone Shipped to Assay Lab Matrix Geophysics Contracted to Conduct Deep Probe IP Geophysics

SUDBURY, ON--(Marketwire - January 31, 2008) - Houston Lake Mining Inc. (TSX-V: HLM), an advanced exploration company seeking gold, platinum group metal and rare metal deposits in Ontario, is pleased to provide an update on 2008 winter exploration activities at the Company's West Cedartree Gold Project near Kenora.

The winter program is principally comprised of two initiatives: diamond drilling and geophysical surveys. The drill program provides for 5,000 metres (16,400 feet) of drilling that will first target the Dubenski Shaft Zone and subsequently the Dogpaw Lake Vein No. 1 Zone (see maps at www.houstonlakemining.com). The program's purpose is to facilitate upgrading of historic resource data to modern standards.

Consulting geologists Watts Griffis and McOuat (WGM) of Toronto are managing the drill program at Dubenski. Earlier this month an 18-hole, 1,876.9-metre (6,156-foot) drill program was initiated on January 15th. Four drill sections are planned to systematically test the Shaft Zone to a vertical depth of 100 metres (328 feet). The first drill section consisted of four drill holes, which were completed earlier this week. A total of 82 drill core samples from this section have been shipped as of yesterday to TSL Laboratories of Saskatoon, Saskatchewan for fire assay. Results are expected in three to four weeks.

The most recent systematic exploration of the Dubenski property was conducted in 1998 by Avalon Ventures Ltd. of Toronto. Houston Lake has purchased Avalon's entire digital database of the property, which includes geophysical and geological surveys and drill hole location plans.

Much of the historic exploration on the Dubenski property has been confined to depths shallower than 100 metres (328 feet). However, Avalon's 1998 drill program probed below previous drilling in the vicinity of the Shaft Zone and encountered increased widths of the alteration system hosting the gold mineralization. As the first step in appraising the potential extension of the gold system to depth, Houston Lake has contracted Matrix GeoTechnologies Ltd. of Toronto to conduct a 23-kilometre (14-mile) IP/Resistivity survey. The IP survey includes eight quantitative sections for identifying new drill targets from depths of 100 to 400 metres (328 to 1,312 feet). This work is expected to begin in early February.

"We eagerly await the assay results from the systematic drilling of the Shaft Zone," said E. Grayme Anthony, President and Chief Executive Officer. "The Dubenski property is an important component of our strategic goal of justifying an onsite mill at West Cedartree."

Grayme Anthony, P. Geo. is the Qualified Person under the guidelines of NI 43-101 and has reviewed this press release in its entirety.

About Houston Lake Mining Inc.

Houston Lake is an advanced, vertically integrated resource exploration company. The Company is actively exploring for gold, platinum group metal and rare metal deposits in northwestern Ontario with a strategic focus on the West Cedartree gold project. Houston Lake's objective in the short term is to become a gold producer by surface mining its West Cedartree gold project and developing its 100% owned and optioned properties. The Company has a total of 27,364,746 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.

Forward-looking Statements

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company 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, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.

Contact Information

  • Company Contacts:

    Houston Lake Mining Inc.
    E. Grayme Anthony P. Geo., MBA
    President and CEO
    Tel: (705) 897-7622
    Fax: (705) 897-7618
    Email Contact

    Barnes McInerney Inc.
    Colin Languedoc
    Senior Account Executive
    Tel: (416) 367-5000 ext. 225
    Fax: (416) 367-5390
    Email Contact