Houston Lake Reports First Quarter Results

Houston Lake Mining Inc. (TSX.V: HLM), is an advanced exploration
company which has prospected and strategically acquired contiguous gold
properties in Northwestern Ontario with the objective of transitioning
into production. HLM also seeks platinum group and rare metal deposits
in Northwestern Ontario. Today HLM has released its report for the first
quarter, and three months ended June 30, 2010.

Fourth Quarter Highlights

Dubenski Gold Zone (DBGZ)

• 
  Completed a 4,900m diamond drilling program on the Dubenski property.
  The program expanded the Dubenski gold zone from 365m to a length of
  465m. It also confirmed that the Shaft and Central Zones are in fact
  one mineralized zone (DBGZ). The DBGZ is open in all directions.
  
• 
  The most significant diamond drill hole of the program was DB10-70
  encountering 19m of 9.99g/t gold, including 3.10m of 57.28g/t.
  Highlights of this program can be seen at www.houstonlakemining.com.
  
• 
  Ongoing exploration efforts including sampling and assessment/planning
  for Q2-summer drilling program (phase V) to drill holes 100-250 metres
  below the existing drilling to date at the DBGZ.
  

Angel Hill Gold Zone (AHGZ)

• 
  Completed mechanized stripping of one of the Robertson Occurrences, a
  historic gold showing approximately 1.4 km to the south of the Angel
  Hill gold resource.
  
• 
  Commenced systematic channel sampling of the Robertson Occurrence.
  

Operations

• 
  Upgraded the West Cedartree core shack facilities and sourced a
  laboratory of closer proximity.
  

Finance

• 
  1,000,000 stock options were awarded to directors, officers, and
  employees of the company at an exercise price of $0.20 with an
  expiration date of June 1, 2015. The market price during award was
  $0.15 per share.
  

'At the transition between March 31, 2010 and this first quarter we
completed and analyzed Phase IV drilling, which was a 4,900 m drilling
program on Dubenski,? said Trevor R. Walker, President. 'We continued to
focus on the property as we believed it had the most near term potential
to help us build gold ounces on the West Cedartree Project. The phase IV
drill program was reported and intersected gold mineralization over
significant widths. We added further ounces which will be calculated
this fall/winter and it defined that both the shaft and central zones
are in fact on continuous zone. During the three month period we have
analyzed the zone and have planned some deeper drilling for the summer
on the Dubenski Gold Zone. More specifically we have planned to go
100-250m below existing drilling on the zone to date.?

The current program on the West Cedartree property is aimed at outlining
three working areas (Dubenski Gold Zone, Angel Hill/Robertson Gold
Zones, and Dogpaw Gold Zones) in order to advance the company towards
its production objective. To date all drilling on the project has been
near surface and all resources remain open.

Exploration outlays, salaries and other outlays were funded from
treasury. During the three months ended June 30, 2010 Houston Lake
invested $208,961 in the mining properties. Of the total:

• 
  A total of $199,271 was spent in acquisition and exploration costs for
  the Dubenski property
  
• 
  A total of $7,807 was spent on the West Cedartree property and;
  
• 
  $900 was incurred on the Pakeagama Lake and Tib Lake projects.
  

Expenses for the three months ended June 30, 2010 were $113,990 compared
to $127,952 for the same period of the previous year. HLM maintained a
higher level of productivity on the West Cedartree Property as the
previous year′s quarter, despite this decrease.

For the three months ended June 30, 2010, Houston Lake incurred a net
loss of $113,990 ($0.001/share) as compared to a net loss of $127,783
($0.004/share) in the same period of 2009.

At June 30, 2010, working capital totaled $293,600 as at June 30, 2010
compared to $615,065 at the March 31, 2010 year end. The Company′s
current rate of cash consumption, excluding expenditures on work
programs, is approximately $23,333 per month.

Outlook

Looking forward the Company will continue to focus on the exploration
and development of the West Cedartree Gold Project, specifically on
implementing the recommendations of the NI 43-101 report for Dubenski by
testing the down dip and down plunge extensions of these zones.

Further to this, HLM plans on continuing to work the Robertson
Occurrences′ in order to begin exploitation of some of the significant
geophysical anomalies found on the West Cedartree property.

The company expects to do future drilling on the Angel Hill gold zone in
order to upgrade the historic resources there, and to increase resource
potential for the WCGP. Houston Lake′s overall goal is to identify
enough resources at three locations (Dubenski, Angel Hill, and Dogpaw
Gold Zones) in order to economically justify production.

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 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 44,164,304 common shares issued and outstanding exclusive of
the announced financing. For additional information, please visit us at www.houstonlakemining.com.

Forward-looking Statements

Neither the 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.

www.houstonlakemining.com

Houston Lake Mining

Trevor R. Walker, MBA

President

Tel:
705-897-7622

Fax: 705-897-7618