SOURCE: Houston Lake Mining Inc.

March 11, 2008 16:50 ET

IP Survey on West Cedartree Gold Project Extends Structure Hosting Dubenski Shaft Zone to Over 1.7 Km

Results From 930 Drill Core Samples Pending From Dubenski, 3,200 Metre Drill Program Under Way at Dogpaw Lake Vein No. 1

SUDBURY, ON--(Marketwire - March 11, 2008) - Houston Lake Mining Inc. (TSX-V: HLM) (PINKSHEETS: HLKMF), an advanced exploration company seeking gold, platinum group metal and rare metal deposits in Ontario, is pleased to announce preliminary results from a gradient TDIP/Resistivity survey on the Company's Dubenski property.

Dubenski forms the northeastern portion of the Company's 100% owned and optioned, 1,673.6 hectare (4,134.5 acre) West Cedartree Gold Project near Kenora, Ontario. The survey was conducted by Matrix GeoTechnologies of Toronto over a distance of 23 line-km (13.8 line-miles).

Initial results of the survey outline an anomaly consisting of a continuous series of chargeability highs that can be traced in an east-west direction for a distance of at least 1.7 km (1.0 mile) across the middle of Dubenski.

"The IP survey results are very encouraging," said E. Grayme Anthony, President and CEO of Houston Lake Mining. "There was an excellent response from a geological structure that is known to carry gold, and the findings warrant further investigation."

The anomaly is characterized by values greater than 6.5 mV/V. This chargeability trend appears to coincide with the alteration corridor containing the East, Central and Shaft Gold Zones. The Shaft Zone is the site where Houston Lake has just completed a 17 hole, 1,798.6 metre (5,899.4 ft.) delineation drill program. The first hole of the program returned 23.0 metres grading 4.66 g/mt gold (75.4 ft. grading 0.136 oz/st gold). Results from a total of 930 drill core samples shipped over the past few weeks are pending and will be announced shortly.

A second IP chargeability anomaly appears to form a splay off of the first IP trend and is traced for at least 1.3 km (0.8 miles) on the property. Later this week, Matrix will begin constructing eight quantitative sections over the identified trends. The sections will be useful in generating potential drill targets at depths of up to 400 metres (1,312 ft.) along both geophysical trends.

A 3,200 metre (10,496 ft.) diamond drill program commenced last week on the adjoining McLennan and Dogpaw Lake properties. The initiative has two main objectives: a) upgrade the Dogpaw No. 1 Vein historic resource to NI 43-101 standards, and b) establish the lateral continuity of the No. 1 Vein into the No. 2 and No. 4 Vein systems.

E. Grayme Anthony, P. Geo. and D. R. Cutting, P. Geo. are the Qualified Persons under the guidelines of NI 43-101 and have 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
    E. Grayme Anthony, P.Geo., MBA
    President and CEO
    Tel: (705) 897-7622
    Fax: (705) 897-7618
    Email Contact

    Linx Partners Ltd.
    Bryce Bradley
    Tel: (416) 666-0519

    Houston Lake Mining Inc.
    2892 White Street
    Val Caron, Ontario
    Canada P3N 1B2
    www.houstonlakemining.com