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

Lake Victoria Mining Company, Inc.

August 19, 2009 11:56 ET

Lake Victoria Mining Company's Leach Gold Assays Average 3.48 Grams Per Metric Ton at Kinyambwiga Gold Project, Tanzania

GOLDEN, COLORADO--(Marketwire - Aug. 19, 2009) - Lake Victoria Mining Company, Inc. (OTCBB:LVCA) - An average gold grade of 3.48 grams per ton was realized from bulk trench sampling at the company's Kinyambwiga gold project, northern Tanzania. Initial leach assays for 500 gram samples were recently received for quartz vein samples exposed in newly excavated trenches. The new trenches at Kinyambwiga were excavated to expose and extend new portions of coarse gold bearing quartz veins for detailed sampling. Each sample represents a two meter long segment of quartz vein rock exposed in the new trenches.

These large size samples were tested to determine the fractional amount of relatively coarse gold available for leaching; fire assay results will follow for these same samples and will give an indication of the total gold content present in the same samples. The average leach gold grade for these samples is 3.48 grams per metric ton of vein material.



Leach Assays

Sample Gold
Nos. gm/t
KNT01-127 12.95
KNT01-128 1.60
KNT01-129 5.08
KNT01-130 0.92
KNT01-131 2.72
KNT01-132 1.30
KNT01-133 1.48
KNT02-137 12.58
KNT02-138 4.38
KNT02-139 2.03
KNT03-146 8.68
KNT03-147 0.57
KNT03-148 0.92
KNT05-188 0.31
KNT08-193 1.74
KNT09-197 5.51
KNT09-198 10.14
KNT09-199 5.25
KNT10-221 0.02
KNT15-227 1.27
KNT15-228 0.26
KNT15-229 3.39
KNT15-230 0.23
KNT15-236 0.24


Roger Newell, President of Lake Victoria Mining Company, stated, "These initial leach results are encouraging and suggest that significant amounts of the gold may be relatively coarse grained and suitable for recovery by routine gravity methods; there is visible gold in Kinyambwiga samples and once the fire assays are available we will have a better idea of the total gold grade in these vein samples. If positive, the results will assist us to make near term production related decisions."

The Company will be exhibiting this week, August 21-23, at The Money Show, San Francisco.

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.

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.

Contact Information