SOURCE: Houston Lake Mining Inc.

April 22, 2008 08:00 ET

Houston Lake Mining Intersects 256.94 g/mt Gold Over a Core Length of 3.0 Metres at West Cedartree

All Four Drill Holes Return Significant Widths of Gold Mineralization

SUDBURY, ON--(Marketwire - April 22, 2008) - Houston Lake Mining Inc. (TSX-V: HLM) (PINKSHEETS: HLKMF), an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to provide assay results from the fourth and final portion of a recently completed 17 hole, 1,798.6 metre (5,899.4 foot) drill program on the Dubenski Option. Dubenski is one of eight contiguous properties forming the Company's West Cedartree Gold Project near Kenora.

The delineation drill program seeks to upgrade a portion of the Dubenski Shaft Zone historic resource of 355,286 tonnes grading 6.32 g/mt gold (322,310 tons averaging 0.184 oz/st gold) to modern standards.

Table 1. Core Length Intercepts for Section 4 Drill Holes, Dubenski Shaft
 Zone

Drill Hole          From    To   Intercept   Gold    Intercept   Gold
  Number             (m)    (m)     (m)     (g/mt)     (ft)     (oz/st)
  ------             ---    ---     ---     ------     ----     -------

DB-08-16            10.20  36.00   25.80     1.12      84.62     0.033
(-45
degrees)   Incl.    16.00  23.00    7.00     2.82      22.96     0.082
           Incl.    16.00  20.00    4.00     4.42      13.12     0.129
           Incl.    22.00  25.00    3.00     4.89       9.84     0.143

DB-08-15            12.10  51.00   38.90    20.44     127.59     0.596
(-67
degrees)   Incl.    13.00  35.00   22.00    35.68      72.16     1.041
           Incl.    13.00  16.00    3.00   256.94       9.48     7.494
           Incl.    13.00  14.00    1.00   763.10       3.28    22.257

DB-08-17            43.10  71.00   28.00     1.23      91.51     0.036
(-52
degrees)   Incl.    55.00  66.00   11.00     2.13      36.08     0.062
           Incl.    61.40  64.30    4.30     3.57      14.10     0.104
           Incl.    61.40  62.70    2.90     4.54       9.51     0.132

DB-08-05           101.00 126.00   25.00     4.95      82.00     0.144
(-45
degrees)   Incl.   103.00 118.00   15.00     7.97      49.20     0.232
           Incl.   108.00 116.00    8.00    13.63      26.24     0.398
           Incl.   110.00 111.00    1.00    62.76       3.28     1.830

"All four drill sections at Dubenski encountered high gold grades over significant widths," said E. Grayme Anthony, President and Chief Executive Officer. "Since we completed drilling at Dubenski, we have begun a new drill program at the adjoining Dogpaw Lake property and we look forward to disclosing results from this promising target in the near future."

Drill holes DB-08-17, 16, 15 and 05 form the fourth of the four drill sections. The drill holes systematically test the Dubenski Shaft Zone from a minimum depth of 10.20 metres (33.46 feet) in DB-08-16 to a maximum depth of 89.10 metres (292 feet) in DB-08-05. (Tables 1 and 2). All four drill holes intersected the strongly altered and silicified meta-volcanic rocks that typify the Shaft Zone. The 218 drill core samples returned assay results that varied from trace to 763.10 g/mt (22.257 oz/st) gold. DB08-05 was the best drill hole of the section and intersected 256.94 g/mt gold over a core length of 3.00 metres (7.494 oz/st gold over 9.84 feet) including 763.10 g/mt gold over 1.0 metres (22.257 oz/st gold over 3.28 feet).

Table 2. Collar Locations for Section 4 Drill Holes at the Dubenski Shaft
Zone

                             Collar    Collar
Drill Hole                     Dip     Azimuth
  Number   Northing Easting (degrees) (degrees) Drill Hole Length
  ------   -------- ------- --------- --------- -----------------

DB08-16   5,464,263 438,413    -45       35      50.00m  164.00ft
DB08-15   5,464,263 438,413    -67      350      80.00m  262.40ft
DB08-17   5,464,308 438,409    -52      167     113.00m  370.64ft
DB08-05   5,464,195 438,422    -45      354     128.00m  419.84ft

The four drill holes were drilled at 45 degrees to 67 degrees and the results are reported as core lengths. True widths will be reported once the geometry of the gold zone has been determined.

Consulting geologists Watts Griffis and McOuat (WGM) of Toronto managed the drill program at Dubenski. The 17 hole, 1,798.6 metre (5,899.4 foot) drill program was completed in early March. The delineation program consists of four drill sections spaced approximately 15 metres apart. Each section consists of four or five drill holes that systematically test a portion of the historic Shaft Zone gold resource to a depth of about 100 metres (328 feet).

A 23 line-km (13.8 line-mile) IP survey was conducted by Matrix GeoTechnologies of Toronto in February. The survey outlined a 1.7 km (1.0 mile) long, east-west trending chargeability anomaly that appears to coincide with the alteration corridor containing the East, Central and Shaft gold zones. Matrix completed the construction of eight to 10 quantitative sections with the aim of generating potential drill targets at depths of up to 400 metres (1,312 feet). The survey was completed in mid-March and final results will be reported as soon as they are received.

E. Grayme Anthony, P. Geo. of Houston Lake is the Qualified Person under the guidelines of NI 43-101 for the technical aspects of this news release.

Due Diligence

All samples reported have been analyzed by fire assay with a 50 gram charge at TSL Laboratories, an ISO accredited facility, of Saskatoon, Saskatchewan. All samples were assayed with an AA finish and those samples assaying above 3 g/mt gold were retested utilizing a gravimetric finish.

The tonnages, grades, assays and other technical data are taken from historical records prior to the implementation of NI 43-101. While the data are believed to have been acquired, processed and disclosed by persons believed to be technically competent, it is unverifiable at present.

A qualified person as defined under NI 43-101 has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Houston Lake is not treating the historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and the historical estimate should not be relied upon.

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

    Linx Partners Ltd.
    Wanda Cutler
    Tel: (416) 303-6464