Douglas Lake Identifies Several Gold Bearing Shear Structures Parallel the Magambazi Gold Trend

SURREY, BC -- (Marketwire) -- 01/12/11 --

Douglas Lake Minerals Inc. /

Douglas Lake Identifies Several Gold Bearing Shear Structures Parallel the
Magambazi Gold Trend

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Douglas Lake Minerals Inc. (the
'Company' or 'Douglas Lake') (OTCBB: DLKM), further to its news releases of
November 23, 2010, is pleased to provide an update for its exploration
targets
for 2011.

Douglas Lake has recently filed a NI 43-101 Technical Report on its four
100%
owned prospecting licenses which cover 800 square kilometers in the Handeni
District of eastern Tanzania. This area recently has been recognized as an
important gold district after the Magambazi gold find.

The 43-101 report details the first and second phases of exploration over
the
license area. In the Company's November 23(rd) release it was disclosed
that
the first phase airborne geophysical survey effectively outlined the folded
and
faulted geologic terrain as well as five prominent Northwest-Southeast
trending
shear zones that extend through the Douglas Lake ground. The second phase
work
program concentrated on collecting and analyzing soil geochemical samples
on
both detailed grids as well as reconnaissance style control lines across
the
large project area.

Historically, the region has seen only small-scale artisanal workings which
originally allowed explorers to focus on the Magambazi prospect. Now the
Handeni region is recognized to be one of the prime exploration targets for
gold
in Tanzania. On September 13(th) 2010, Canaco Resources Inc. (TSX.V CAN)
announced that regional soil sampling had outlined a total of two
North-Westerly parallel trends of gold mineralization on their license
area. The two trends,
which include the Magambazi mineralization, are said to have a combined
strike
length of 15 kilometers.

Within the second phase of work, outlined in Douglas Lakes' 43-101 report,
portions of the five northwest-southeast shear zones were tested by widely
spaced soil sample profiles. The results indicate linear anomalous gold
trends
in soil that are coincident with the Northwest-Southeast structures as
outlined
by geophysics. In total, the soil program was successful in outlining gold
trends that have a combined strike length of over 40 kilometers on the
Douglas
Lake ground.

'The Handeni Gold Trend that was initially reported by Canaco has been
significantly extended by the work on the Douglas Lake ground', reports
Harp
Sangha CEO. 'Our results indicate that there is a lot more to this area.'

About Douglas Lake

The Company is an emerging mineral exploration company focused on exploring
and
developing mining opportunities in Tanzania. For more information, go
to www.douglaslakeminerals.com.

Safe Harbour Statements

Except for the statements of historical fact contained herein, the
information
presented in this news release constitutes 'forward-looking statements' as
such
term is used in applicable United States and Canadian laws. These
statements
relate to analyses and other information that are based on forecasts of
future
results, estimates of amounts not yet determinable and assumptions of
management. Any statements that express or involve discussions with
respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions
or future events or performance (often, but not always, using words or
phrases
such as 'expects' or 'does not expect', 'is expected', 'anticipates' or
'does
not anticipate', 'plans, 'estimates' or 'intends', or stating that
certain
actions, events or results 'may', 'could', 'would', 'might' or 'will' be
taken,
occur or be achieved) are not statements of historical fact and should be
viewed
as 'forward-looking statements'. Such forward looking statements involve
known
and unknown risks, uncertainties and other factors which may cause the
actual
results, performance or achievements of the Company to be materially
different
from any future results, performance or achievements expressed or implied
by
such forward-looking statements. Such risks and other factors include,
among
others, the actual results of exploration activities, the availability
of
capital to fund programs and the resulting dilution caused by the raising
of
capital through the sale of shares, accidents, labour disputes and other
risks
of the mining industry including, without limitation, those associated with
the
environment, delays in obtaining governmental approvals, permits or
financing or
in the completion of development or construction activities, title
disputes or
claims limitations on insurance coverage. Although the Company has
attempted to
identify important factors that could cause actual actions, events or
results to
differ materially from those described in forward-looking statements, there
may
be other factors that cause actions, events or results not to be as
anticipated,
estimated or intended. There can be no assurance that such statements will
prove
to be accurate as actual results and future events could differ materially
from
those anticipated in such statements. Accordingly, readers should not
place
undue reliance on forward-looking statements contained in this news release
and
in any document referred to in this news release.

Forward looking statements are made based on management's beliefs,
estimates and
opinions on the date the statements are made and the Company undertakes no
obligation to update forward-looking statements if these beliefs, estimates
and
opinions or other circumstances should change, except as required by
applicable
law. Such forward-looking statements reflect our current views with respect
to
future events and are subject to certain risks, uncertainties and
assumptions,
including, the risks and uncertainties outlined in our most recent
financial
statements and reports and registration statement filed with the United
States
Securities and Exchange Commission (the 'SEC') (available at www.sec.gov)
and
with Canadian securities administrators (available at www.sedar.com). Such
risks
and uncertainties may include, but are not limited to, the risks and
uncertainties set forth in the Company's filings with the SEC, such as the
ability to obtain additional financing, the effect of economic and business
conditions, the ability to attract and retain skilled personnel and factors
outside the control of the Company. These forward-looking statements are
made as
of the date of this news release, and the Company assumes no obligation to
update the forward-looking statements or to update the reasons why actual
results could differ from those projected in the forward-looking
statements,
except as required by applicable law. Although the Company believes that
the
beliefs, plans, expectations and intentions contained in this news release
are
reasonable, there can be no assurance those beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consider all of the
information set forth herein and should also refer to the risk factors
disclosed
in the Company's periodic reports filed from time-to-time with the SEC.
This
news release shall not constitute an offer to sell or the solicitation of
an
offer to buy securities of the Company nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale
would
be unlawful prior to registration or qualification under the securities
laws of
any such jurisdiction.

--- End of Message ---

Douglas Lake Minerals Inc.

Unit 222 6820-188th Street Surrey, B.C. Canada

Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;

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Source: Douglas Lake Minerals Inc. via Thomson Reuters ONE

[HUG#1479047]

For further information please contact:

Douglas Lake Minerals, Inc.

Investor Relations

(604) 642-6165