HLM

Houston Lake Mining Inc. (TSX-V: HLM) (PINKSHEETS: HLKMF) (the "Company") is pleased to announce that the Company has agreed to raise $755,200 through the sale of 2,517,332 Flow-Through Units priced at $0.30 per unit in a non-brokered private placement with the Mineral Fields Group and NovaDX Ventures Inc. Each Flow-Through Unit consists of one flow-through common share and one half of one common share purchase warrant. Each whole warrant is exercisable into one common share at an exercise price of $0.35 for 24 months from closing. Proceeds from the financing will be used to advance Houston Lake's 100% owned and 100% optioned gold properties located near Kenora, Ontario.

All securities issued in connection with this financing have a hold period of 4 months. An aggregate finder's fee of $45,312 (6% of the gross proceeds), due diligence fee of $15,104 (2% of the gross proceeds) and 201,386 agents' options (8% of the total issuance) will be paid pursuant to the offering. Each agent option is exercisable at an exercise price of $0.30 into one common share and one-half of one broker warrant for a period of two years, with each whole broker warrant exercisable at a price of $0.35 into one common share for a period of two years.

"We are very pleased to be continuing our relationship with Mineral Fields Group and establishing of a new relationship with NovaDX," said Grayme Anthony, President and CEO. "We look forward to working with Mineral Fields Group and NovaDX as we continue to develop our holdings near Kenora."

About Mineral Fields, Pathway and First Canadian Securities�

Mineral Fields Group (a division of Pathway Asset Management), based in Toronto and Vancouver, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about Mineral Fields Group is available at www.mineralfields.com. First Canadian Securities� is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. Mineral Fields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities�.

About Houston Lake Mining Inc.

Houston Lake's objective in the short term is to become a gold producer by surface mining our West Cedartree gold project and apply the profits towards the development of our 100% owned and optioned northwestern Ontario properties. The Company has a total of 31,198,881 common shares issued exclusive of the announced financing. For additional information, we invite you to visit us at www.houstonlakemining.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts 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.

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Company Contacts: E. Grayme Anthony B.Sc., P. Geo., FGAC, MBA President & CEO Tel: (705) 897-7622 Fax: (705) 897-7618 Email Contact