Douglas Lake Commences Exploration Program on the Handeni Claims

SURREY, BC -- (Marketwire) -- 02/17/11 --

Douglas Lake Minerals Inc. / DOUGLAS LAKE COMMENCES EXPLORATION PROGRAM ON
THE HANDENI CLAIMS Processed and transmitted by Thomson Reuters. The issuer
is solely responsible for the content of this announcement.

Vancouver, British Columbia, February 17, 2011 -- Douglas Lake Minerals
Inc. (the 'Company' or 'Douglas Lake') (OTCBB: DLKM) is pleased to announce
it has commenced its 2011 exploration activities on its 100% owned
prospecting licenses in the Handeni area of eastern Tanzania. The company
has four contiguous licence areas that total 800 square kilometers in size
which surround and are adjacent to the 200 square kilometer Handeni project
of Canaco Resources which contains the high grade gold discovery at
Magambazi.

Currently exploration work is focused at Magambazi Southeast and at
Kwandege, which are two of the twelve target areas identified from the
previous two phases of exploration conducted over the large land holding.
At present new soil and rock collecting programs are underway and new
detailed geophysical surveys will commence shortly.

Work to date over the Magambazi Southeast area has included a ground
magnetic survey and the collection of soil samples on a detailed grid that
started at the Magambazi Hill and proceeded to the east. This area is also
the site of extensive artisanal workings which originally drew exploration
interest to the area. The ground magnetic survey was conducted on East-West
lines spaced 100m apart. Readings were taken every 50m along the lines. The
survey clearly confirmed the Northwest-Southeast structural grain of the
underlying terrane. The soil sampling program effectively outlined a broad
area of anomalous gold on the Douglas Lake ground which suggests that this
area is the direct extension of the Magambazi gold mineralization southeast
from the main zone where Canaco has had excellent drill results. Gold
values within the soil reached up to 4 g/t.

At present assays from a number of rock samples collected from the area are
pending. The observed rock units in the direct area were biotite-gneiss,
biotite-garnet-gneiss, and garnet-amphibolite gneiss. Samples were also
collected from a series of quartz veins located within sub parallel shear
zones trending approximately NW-SE. The rock units are extremely similar to
those observed at the main Magambazi gold zone.

The Kwandege target, which occurs approximately 14 kilometers southwest of
the Magambazi mineralization, has also been the focus of intense artisanal
gold workings over an area measuring approximately 1 kilometer long and
500m wide. Gold is hosted within siliceous sheared amphibolites at
Kwandege.

The previous geophysical and reconnaissance soil work described in the
Douglas Lake NI 43-101 Technical Report revealed that the area covered by
the Kwandege gold workings were only a small part of a much larger
Northwest-Southeast striking geochemical and geophysical target that
measures over 3 kilometers in strike length.

Currently, a more detailed soil sampling program is underway at Kwandege
which will examine an area slightly over 6 square kilometers in extent. A
number of soil profiles will be extended to the south to investigate
another anomalous gold trend southwest of Kwandege. An Induced Polarization
(I.P.) geophysical survey is to be conducted at Kwandege shortly.

Douglas Lakes' 2011 exploration program will include further airborne
surveys, soil and rock sampling, and geologic mapping of several of its
other known gold targets. A larger permanent camp is being established to
provide support for the exploration activities and a planned drill program.

The exploration program is being supervised by Craig Alford, P.Geo. Vice-
President Exploration, a Qualified Person as defined by National Instrument
43-101.

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.

Suite 500 - 666 Burrard Street, Vancouver, British Columbia, Canada V6C 3P6
T 1.604.642.6165 · F 1.604.642.6168

www.douglaslakeminerals.com · Trading Symbol: DLKM

--- 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#1490277]

For further information please contact:


Douglas Lake Minerals Inc.

(604) 642-6165