Lake Victoria Mining Company, Inc.
OTC Bulletin Board : LVCA

Lake Victoria Mining Company, Inc.

June 13, 2009 02:09 ET

Lake Victoria Mining Company Defining One Kilometer Strike Length at Kinyambwiga Gold Project, Tanzania

GOLDEN, COLORADO--(Marketwire - June 13, 2009) - Lake Victoria Mining Company (OTCBB:LVCA) is pleased to report the completion of a detailed ground magnetic survey and the beginning of a detailed trenching program to closely define quartz veins over a one kilometer strike length. The Kinyambwiga project lies within License Number PL4653/2007 and covers 30.73 square kilometers in northern Tanzania's Lake Victoria Greenstone Belt. The property is about 190 kilometers northeast of Mwanza and 12 kilometers west of the smaller town of Bunda.

The ground magnetic survey and the trenching program follows last year's drilling program, which succeeded in defining gold bearing quartz veins over a 300 meter strike length. The quartz veins appear to be 1 to 1.5 meters wide, strike about N60 degrees E, dip 70-85 degrees north. There has been considerable artisanal mining activity along a strike length of about 300 meters on the veins, and down to a shallow depth of about 15 meters to the water table.

The detailed ground magnetic survey was based along north-south lines spaced 50 meters apart and located in and area of outcropping quartz veins and extended into areas where the veins were projected to extend beneath shallow soil cover. The results suggest the veins have a strike length of a least one kilometer, and that previously unidentified faulted vein segments may also be present. To further define the gold bearing quartz veins, a detailed trenching program is currently underway, with individual trenches spaced 50 meters apart across the veins along a one kilometer strike length. An additional long trench will follow the northeast strike of the veins. The trenches are being mapped and sampled to closely define their gold contents, and bulk samples will be collected for metallurgical gold recovery studies. An environmental permitting study is planned to begin in early July. Each activity is designed to move the project towards development and production.

Lake Victoria Mining Company is conducting detailed legal and accounting studies to move the share exchange program with Kilimanjaro Mining Company to a July 1st closing date. These studies are progressing on schedule.

About the Company

Lake Victoria Mining Company, Inc. is working to create another gold mine in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa. Tanzania produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa behind South Africa and Ghana. Lake Victoria Mining Company, Inc. currently holds an eighty percent ownership interest in the Kinyambwiga Gold Project along with Geo Can Resources Company Limited (Tanzania) a subsidiary of Kilimanjaro Mining Company Inc., of Nevada. Kilimanjaro Mining Company's website is www.kilimanjarominingcompany.com

Additional information regarding the Company is available on the corporate website at: www.lakevictoriaminingcompany.com or by contacting:

Disclaimer

This news release may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Lake Victoria Mining Company, Inc.'s operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Lake Victoria Mining Company, Inc.'s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Lake Victoria Mining Company, Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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