Sudbury, Ontario CANADA, April 15, 2008 /FSC/ - Houston Lake Mining Inc. (HLM - TSX Venture, HLKMF - OTCBB_Pink_Sheets), an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to provide assay results from a portion of a recently completed 17 hole, 1,798.6 metre (5,899.4 foot) drill program on the Dubenski Option, one of eight contiguous properties forming the Company's West Cedartree Gold Project near Kenora.
The delineation drill program seeks to upgrade a portion of the Dubenski Shaft Zone historic resource of 355,286 tonnes grading 6.32 g/mt gold (322,310 tons averaging 0.184 oz/st gold) to modern standards.
Table 1. Core Length Intercepts for Section 3 Drill Holes, Dubenski Shaft Zone
"The results received to date from our ongoing drill program at Dubenski have been very encouraging," said E. Grayme Anthony, President and Chief Executive Officer. "The gold tenor intercepted in drilling has exceeded expectations. We look forward to our next set of drill results from this promising target."
Drill holes DB-08-14, 13, 12, 11 and 06 form the third of the four drill sections. The drill holes systematically test the Dubenski Shaft Zone from a minimum depth of 8.49 metres (27.85 feet) in DB-08-14 to a maximum depth of 93.34 metres (306 feet) in DB-08-06. (Tables 1 and 2). All five drill holes intersected the strongly altered and silicified meta-volcanic rocks that typify the Shaft Zone. The 266 drill core samples returned assay results that varied from trace to 126.90 g/mt (3.701 oz/st) gold. DB08-06 was the deepest drill hole of the section and intersected 8.28 g/mt gold over a core length of 37.30 metres (0.241 oz/st gold over 122.30 feet) including 35.31 g/mt gold over 7.0 metres (1.030 oz/st gold over 22.96 feet). Results from the remaining 169 samples are expected in the next few weeks.
Table 2. Collar Locations for Section 3 Drill Holes at the Dubenski Shaft Zone
The five drill holes were drilled at 45 degrees to intercept the historic gold resource as close to perpendicular as possible. True widths will be reported once the geometry of the gold zone has been determined.
Consulting geologists Watts Griffis and McOuat (WGM) of Toronto managed the drill program at Dubenski. The 17 hole, 1,798.6 metre (5,899.4 foot) drill program was completed in early March. The delineation program consists of four drill sections spaced approximately 15 metres apart. Each section consists of four or five drill holes that systematically test a portion of the historic Shaft Zone gold resource to a depth of about 100 metres (328 feet).
A 23 line-km (13.8 line-mile) IP survey was conducted by Matrix GeoTechnologies of Toronto in February. The survey outlined a 1.7 km (1.0 mile) long, east-west trending chargeability anomaly that appears to coincide with the alteration corridor containing the East, Central and Shaft gold zones. Matrix completed the construction of eight to 10 quantitative sections with the aim of generating potential drill targets at depths of up to 400 metres (1,312 feet). The survey was completed in mid-March and final results will be reported as soon as they are received.
Dogpaw Lake Drill Program
In early March a 3,200 metre (10,496 foot) drill program commenced on the Dogpaw Lake property, which adjoins the Dubenski property to the west. The program aims to facilitate upgrading of the Dogpaw Lake Vein No. 1 Zone historical resource data to modern standards. A total of 2,041 metres (6,694.48 feet) of drilling in 18 holes had been completed as of Saturday, April 12. All 18 drill holes have intersected their intended targets on the McLennan (4 drill holes) and Dogpaw Vein No.1 Zones (14 drill holes).
E. Grayme Anthony, P. Geo. of Houston Lake is the Qualified Person under the guidelines of NI 43-101 for the technical aspects of this news release.
All samples reported have been analyzed by fire assay with a 50 gram charge at TSL Laboratories, an ISO accredited facility, of Saskatoon, Saskatchewan. All samples were assayed with an AA finish and those samples assaying above 3 g/mt gold were retested utilizing a gravimetric finish.
The tonnages, grades, assays and other technical data are taken from historical records prior to the implementation of NI 43-101. While the data are believed to have been acquired, processed and disclosed by persons believed to be technically competent, it is unverifiable at present.
A qualified person as defined under NI 43-101 has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Houston Lake is not treating the historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and the historical estimate should not be relied upon.
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.
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.
Houston Lake Mining
E. Grayme Anthony, P.Geo., MBA
President and CEO
Tel: (705) 897-7622
Fax: (705) 897-7618
Linx Partners Ltd.
Houston Lake Mining Inc.
2892 White Street, Val Caron
Source: Houston Lake Mining Inc. (TSX-V: HLM) (Pink Sheets: HLKMF) http://www.houstonlakemining.com
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