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Houston Lake Mining Intersects 22.60 Metres of 2.047g/t Gold Including 4.30 Metres of 4.740 g/t on the Newly Discovered Robertson Gold Zone at the West Cedartree Project

20.10.2010  |  Business Wire

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. HLM is pleased to announce the results from 4
holes of a 2,600 metre, 12 hole exploration diamond drill program on the
Company′s 100% owned and optioned West Cedartree Property. Approximately
1600 metres was drilled on the Dubenski Property and 1000 metres on the
newly discovered Robertson Gold Zone on the West Cedartree Property.


'These holes are the second set released from our Phase I 'Robertson
Gold Zone Testing? program and Phase V 'Dubenski Exploration? program.
The drilling on the Robertson Prospect was to confirm the indication of
a possible gold zone from past channel samples taken. These second set
of holes on the Robertson have again proven to us that we have found
anomalous mineralization and that further exploration is warranted with
drilling. These Robertson Gold Zone holes compliment September 30th′s
released hole WC10-01 which has shown great potential for both width at
42 metres, and also bodes well for higher grade potential intersecting
.6 metres of 6.56 g/t. More specifically the zone is complimented by the
hole WC10-05 intersection of 22.60 metres of 2.047g/t gold including
4.30 Metres of 4.740 g/t. This Robertson hole targeted the north-south
trending altered shear zones. Furthermore, WC10-02 intersected 23.70
metres of 0.980 g/t gold, including 18.30 metres of 1.200 g/t gold. This
hole, WC10-02, tested the east-west altered shear zone and intersected
mineralization which warrants further drilling. We are pleased with our
drilling and are excited at the speculation when we compare what has
been drilled and the extent of unexplored geophysical anomalies on the
Robertson Gold Zone and the highly anomalous, extension of the
paralleling Angel Hill Gold Zone. If we look at what we have drilled
thus far and the extent of chargeability highs from our geophysical
coverage, we have extensive exploration area to investigate.? A
chargeability compilation map that combines results from IP surveys and
the area of the new gold zone is available at http://www.houstonlakemining.com/images/IPchargability_WCP.jpg.

Core Length Drill Hole Intercepts, Robertson
Gold Zone
(North South Orientation)

Hole Number
  
From (m)
  
To (m)
  
Interval (m)
  
Au g/mt
  
Interval (ft)
  
Au oz/st

  
WC10-05
  

62.00

84.60

22.60

2.047

74.15

0.060
including
64.10

78.70

14.60

2.476

47.90

0.072
including
71.20

78.70

7.50

3.502

24.61

0.102

  
including
74.40

78.70

4.30

4.740

14.11

0.138
WC10-02
  

2.30

26.00

23.70

0.980

77.76

0.029
including
2.30

20.60

18.30

1.200

60.04

0.035
DB10-98
88.80

91.10

2.30

0.737

7.55

0.022
including
88.80

89.90

1.10

0.870

3.61

0.026
Hole NumberFrom (m)To (mInterval (m)Au g/mtInterval (ft)Au oz/st
DB10-98 contAlso
404.00

408.30

4.30

0.910

14.11

0.027
including
405.50

406.60

1.10

1.450

3.61

0.043
Also
412.30

423.30

11.00

0.824

36.09

0.024
including
414.00

415.00

1.00

1.620

3.28

0.047
Also
552.50

555.00

2.50

1.074

8.20

0.031

  
including
554.00

555.00

1.00

1.985

3.28

0.058
DB10-97
  

520.00

521.00

1.00

1.137

3.28

0.033


'Four holes have been drilled on the Dubenski Mineralized Zone to partly
test the down dip and down plunge of the zone as well for future
downhole geophysical testing in order to aid our interpretation and
targeting efforts of the Zone. We have encountered several intersections
bearing anomalous gold values with the deeper drilling on Dubenski Gold
Zone, specifically with hole DB10-98 where the best intersection was 11
metres of 0.824 g/t gold. Holes 97 and 98 have provided us with the
indications of mineralization down to a depth of approximately 450m from
surface. The next step for HLM on the Dubenski Property is to conduct
downhole geophysical surveys with these holes. Additional to exploration
efforts at depth lies the necessity to increase the resource on the
Dubenski Gold Zone via infill drilling and possible strike length
extension in the near to medium term.

Collar Locations for Drill Holes

Drill Hole #
  
Northing (Metres)
  
Easting (Metres)
  
Collar Dip (Degrees)
  
Azimuth (Degrees)
  
Drill Hole Length (m)
  
Drill Hole Length (ft.)

WC10-05

5462830

435370

-52

90

95

312

WC10-02

5462798

435385

-53

180

92

302

DB10-98

5464011

438394

-52

360

614

2015

DB10-97

5464019

438292

-53

360

614

2015

About the Robertson Gold Zone


The Robertson Prospects have an insignificant exploration history dating
back to the 1940′s. Three showings were known to have been documented on
the West Cedartree Property with minor indications of gold
mineralization. The Robertson Zone at exposed surface is a 60m long by
20m wide stripped and washed area of gabbroic rock which has three
converging shear zones of silicification and variable amounts of finely
disseminated pyrite up to 1-2%. These converging zones trend NNE, NNW
and EW and vary in width from 3 meters to 20 meters. Channel samples
taken in the summer from this area ran up to 2.97 g/t Au over a length
of 0.43 meters. No previous drilling has been done on this zone.

About the Dubenski Gold Zone


The Dubenski property is one of eight contiguous properties comprising
the Company′s 100% owned and optioned 1,674 hectare (4,135 acre) West
Cedartree Gold Project located near Kenora, Ontario. The project area
encompasses three zones hosting gold resources at Angel Hill (NI 43-101
compliant), Dogpaw Lake No. 1 Vein (historic) and Dubenski Mineralized
Zone (NI 43-101 compliant).


P&E Mining Consultants of Brampton, Ontario were contracted to prepare a
NI 43-101 compliant Mineral Resource estimate for the Dubenski property
(see press release dated November 5, 2009). The categorized Mineral
Resources based on drill phases I-III are:

Table 1. Dubenski Mineralized Zone Resource
Estimate Utilizing Optimized Pit Shell


  

  
Indicated
  
Inferred
Cut-Off Au g/tTonnes
  
Au g/t
  
Au oz.Tonnes
  
Au g/t
  
Au oz.

Pit 0.65 g/t

524,000

3.55

59,800

12,000

1.96

800

UG 2.5 g/t

27,000

3.26

2,900

10,000

3.32

1,000
TOTAL551,0003.5362,70022,0002.571,800


1. The updated resource for the Dubenski Mineralized Zone was estimated
on the basis of the Oct 31/09 24 month trailing average Au price of
US$895/oz and $US exchange rate of $0.92. The open pit cut-off grade of
0.65 g/t Au was derived from C$2.50/tonne mining, C$15/tonne processing,
C$5/tonne G&A and 95% process recovery. The open pit portion of the
resource was defined in a 50 degree slope optimized pit shell. The
underground cut-off grade of 2.5 g/t Au was derived from $55/tonne
mining, C$15/tonne processing and C$5/tonne G&A and 95% process recovery.


2. Mineral resources which are not mineral reserves do not have
demonstrated economic viability. The estimate of mineral resources may
be materially affected by environmental, permitting, legal, title,
taxation, socio-political, marketing, or other relevant issues.


3. The quantity and grade of reported inferred resources in this
estimation are uncertain in nature and there has been insufficient
exploration to define these inferred resources as an indicated or
measured mineral resource and it is uncertain if further exploration
will result in upgrading them to an indicated or measured mineral
resource category.


4. The mineral resources in this press release were estimated using the
Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM
Standards on Mineral Resources and Reserves, Definitions and Guidelines
prepared by the CIM Standing Committee on Reserve Definitions and
adopted by CIM Council December 11, 2005.


The resource calculation does not included Phase IV drilling completed
in March 2010, whereby the strike length of the Dubenski Gold Zone has
been lengthened from 365m to 500m.

Due Diligence


All samples reported were shipped to Accurassay Laboratories, an ISO
accredited facility, of Thunder Bay, Ontario. Samples were analyzed by
fire assay utilizing 30-50 gram charges. All samples were assayed with
an AA finish and those samples assaying above 3 g/mt gold are retested
utilizing a gravimetric finish.


This news release was reviewed by Bryan McKay, P. Geo., who is a
Qualified Person under the guidelines of the National Instrument 43-101.

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. 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.

Houston Lake Mining

Trevor R. Walker, MBA

President

Tel:
705-897-7622

Fax: 705-897-7618



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