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

Lake Victoria Mining Company, Inc.

September 16, 2008 15:30 ET

Lake Victoria Mining Company, Inc.: Kalamela Project Identifies Gold Target & Plans Exploration Follow-Up, Tanzania

GOLDEN, COLORADO--(Marketwire - Sept. 16, 2008) - Lake Victoria (OTCBB:LVCA) is pleased to announce that initial prospecting results from the Kalamela project in northern Tanzania have identified a large gold anomaly in soil samples that covers an area of about 2 km X 6 km. More than a thousand soil samples have been collected in a total area exceeding 20 square kilometers. Assay results from the soil samples have ranged from 20 ppb to 144 ppb and have indicated two significant geochemical anomaly trends, northeast and north-south, similar to directions at the Kiabakari and Buhemba gold mines. These initial prospecting results will be followed up with a detailed ground magnetic survey and trenching and pitting programs to further define this large gold anomaly and to identify drill targets. Additional results will be provided as they become available.

Geologically the Kalamela project consists of Precambrian greenstone and granitic lithologies that are known to be important host rocks for gold deposits in the Lake Victoria area of Tanzania.

About the Company

Lake Victoria Mining Company, Inc. is a gold exploration company focused on acquiring and exploring potential gold mineral deposits or reserves in 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 Kalemela Gold Project along with Geo Can Resources Company Limited (Tanzania) a subsidiary of Kilimanjaro Mining Company, Inc. of Nevada. www.kilimanjarominingcompany.com.

Additional information regarding the company is available on the corporate website at: www.lakevictoriaminingcompany.com.

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 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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