Douglas Lake Minerals Inc.: Douglas Lake Further Defines Structurally Important Sites and Improves Target Definition at Handeni

VANCOUVER, BC -- (Marketwire) -- 02/06/12 --

Douglas Lake Minerals Inc. /
Douglas Lake Minerals Inc. : Douglas Lake Further Defines Structurally
Important
Sites and Improves Target Definition at Handeni
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.

Douglas Lake Minerals Inc. (the
'Company' or 'Douglas Lake') (OTCBB: DLKM) is pleased to report
progress in
their exploration program on their Handeni license situated in the gold
fields
of eastern Tanzania.

Data received from FUGRO's HELITEM helicopter based time-domain
electromagnetic
system flown during October 2011 have now been interpreted. The
survey was
conducted over the entire Douglas Lake Minerals licence area at 200 meter
spaced
flight lines in a north-south direction. Electromagnetic (TEM) as
well as
radiometric data for K (Potassium), U (Uranium), and Th (Thorium), as
well as
total count was collected simultaneously for the 4740 line kilometres
flown.
Selected areas were flown at a line spacing of 100 meters.

'The potential of our exploration area is continuously confirmed and
extended
with each phase of our exploration program and we are steadily progressing
with
our goal to have several simultaneous targets, each one at a different
stage of
exploration, in order to reduce our exploration risk profile to investors,'
said
Dr. Reyno Scheepers, President and CEO of Douglas Lake Minerals.
'With the
added geophysical detail provided by FUGRO as well as the investigation
of a
third major target we continue to expand the potential value of our
properties,'
he added.

The interpreted data clearly delineated subsurface geological
features of
importance to gold and base metal mineralization in this high grade
metamorphic
terrain. The data proved to be invaluable in the definition of
structurally
important sites and target definition.

A soil sampling program of approximately 2500 samples targeting our third
major
geophysical anomaly has been completed. This 'Masala Hills' target is
situated
approximately 5 kilometers north of Magambazi and is the third of 17
identified
geophysical targets. The target follows a strike length of
approximately 6
kilometers. The previous two targets, Magambazi East and Kwandege have
already
provided major gold intersections in drill core. Samples are being
submitted
for the analyses of gold and a suite of other elements at
accredited
laboratories. The target area comprises an area of approximately 25
square
kilometers, defined by geophysical data. Following interpretation of the
soil
sample results the Company may decide to embark on a program of
pitting and
trenching and/or detailed ground geophysics including induced polarization.

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.

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originality of the information contained therein.

Source: Douglas Lake Minerals Inc. via Thomson Reuters ONE

[HUG#1582917]

For further information please contact:


Douglas Lake Minerals Inc.

Sam Sangha

Investor Relations

(604) 642-6165