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

Lake Victoria Mining Company, Inc.

February 19, 2009 09:15 ET

Lake Victoria Mining Company Updates Drill Progress at Geita Gold Project, Northern Tanzania

GEITA, TANZANIA--(Marketwire - Feb. 19, 2009) - Lake Victoria Mining Company (OTCBB:LVCA) is pleased to provide an up date on drilling progress at its Geita Gold Project in northern Tanzania, about 80 kilometers west of the city of Mwanza.

Reverse Circulation (RC) drilling started on January 29th and to date ten holes are complete and drill hole eleven is in progress. A total of 1,404 meters have been completed. The Geita program called for a total of 6,000 meters of drilling, with anticipated pre-drilling hole depths of 150 meters. The Geita license covers 43.77 square kilometers, and the current drill program is concentrated in the northeast part of the license, where major intrusives and large shear zone structures are known to exist.



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Hole Depth
Number (m) Major Observations
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GR-001 072 Saprolite, mafic intrusive, traces of pyrite.
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GR-002 150 Saprolite, mafic intrusive, granite and traces of pyrite.
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GR-003 112 Saprolite, mafic intrusive, quartz veins and granite and
traces of pyrite.
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GR-004 162 Saprolite, Banded Iron Formation, mafic intrusive, mafic
intrusive and traces of pyrite.
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GR-005 122 Laterite, mafic intrusive, epidote, traces of pyrite.
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GR-006 150 Laterite, mafic intrusive, traces of epidote, chlorite,
traces of pyrite and pyrrhotite.
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GR-007 152 Saprolite, mafic intrusive, quartz veins, traces of pyrite
and pyrrhotite.
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GR-008 150 Laterite, diorite intrusive, traces of pyrite and pyrhotite.
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GR-009 86 Laterite, diorite intrusive, traces of pyrite.
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GR-010 150 Saprolite, Banded Iron Formation, feldspar porphyry-very
strong silicification, strong pyrite and pyrhotite, mafic
intrusive with moderate pyrite and pyrrhotite.
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GR-011 098 Saprolite, granite, traces of pyrite. This hole remains in
progress.
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To date a total of 560 samples have been sent for analysis and assay results will be announced shortly. The complete drilling program will generate about 2000 samples with assays being conducted at the internationally accredited SGS laboratory in Mwanza. Additional results will be provided as the information becomes available.

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 ownership and option interest in the Geita, Kalemela, Igusule and Bahi-Hombolo projects 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.

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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