Houston Lake Mining Inc. NEWS _________________________________________________________________________________________________ High Grade Channel Samples Returned From Houston Lake Mining’s West Cedartree Gold Project Assays Encounter Gold Grades of up to 105.1 g/t over 0 .50m from Dogpaw Vein No.
High Grade Channel Samples Returned From Houston Lake Mining’s West Cedartree Gold Project Assays Encounter Gold Grades of up to 105.1 g/t over 0 .50m from Dogpaw Vein No. 5 Continues 4000 m Drill Program on Dubenski Property
Sudbury, Ontario – January 22, 2010 – Houston Lake Mining Inc. (TSX.V: HLM), an advanced exploration company seeking gold, platinum group and rare metal deposits in Ontario, is pleased to provide assay results from an 18 channel sample exploration project at the Dogpaw Lake Property. The property forms part of eight contiguous properties which together constitute the Company’s West Cedartree Gold Project near Kenora.
“These high grade channel sample results are significant as Vein No. 5 becomes an additional target for future exploration on the Dogpaw property,” said Trevor R. Walker, Interim President. “The Dogpaw Vein No. 5 occurs 470 meters north‐northeast of Vein No. 1, and occurs in the same gabbroic host rocks as the Vein No. 1, No. 2, No. 4 and No. 6 gold mineralizing system. We believe that Dogpaw is an important part of our West Cedartree project that will contribute to our overall tonnage target and compliment our Dubenski and Angel Hill properties.”
Table 1: Dogpaw Vein No. 5 Gold Bearing Channel Sample Results, Winter, 2010
| Channel Sample Cut in Metric Intervals from North to South | Width (m.) | Gold (g/mt.) | Width (ft.) | Gold (oz./st.) |
|---|---|---|---|---|
| Line 5 ‐ 7.5m South | 1.00 | 0.474 | 3.28 | 0.014 |
| incl. | 0.45 | 1.020 | 1.48 | 0.030 |
| Line 6 ‐ 10.5m South | 1.00 | 5.418 | 3.28 | 0.158 |
| incl. | 0.30 | 1.150 | 0.98 | 0.034 |
| incl. | 0.25 | 19.750 | 0.82 | 0.577 |
| Line 8 ‐ 12.5m South | 1.35 | 14.542 | 4.43 | 0.425 |
| incl. | 0.45 | 4.610 | 1.48 | 0.135 |
| incl. | 0.25 | 4.000 | 0.82 | 0.117 |
| incl. | 0.25 | 66.190 | 0.82 | 1.933 |
| Line 9 ‐ 13.75m South | 1.35 | 39.348 | 4.43 | 1.149 |
| incl. | 0.50 | 105.100 | 1.64 | 3.069 |
| incl. | 0.50 | 1.070 | 1.64 | 0.031 |
| Line 10 ‐ 15m South | 1.85 | 1.314 | 6.07 | 0.038 |
| incl. | 0.50 | 4.790 | 1.64 | 0.140 |
| Line 11 ‐ 17m South | 1.55 | 18.837 | 5.09 | 0.550 |
| incl. | 0.40 | 49.870 | 1.31 | 1.456 |
| incl. | 0.30 | 4.820 | 0.98 | 0.141 |
| incl. | 0.35 | 22.010 | 1.15 | 0.643 |
| Line 12 ‐ 18.5m South | 2.10 | 1.205 | 6.89 | 0.035 |
| incl. | 0.60 | 3.880 | 1.97 | 0.113 |
| Line 13 ‐ 20m South | 2.95 | 0.569 | 9.68 | 0.017 |
| incl. | 0.40 | 1.240 | 1.31 | 0.036 |
| Incl. | 0.40 | 2.250 | 1.31 | 0.066 |
The No. 5 Vein is a 28.5 m (94 ft.) long 0.30 to 0.50 m thick quartz carbonate alteration zone at surface. The vicinity of this vein system has been stripped, washed and sampled. Channel samples were cut approximately perpendicular to the strike of the vein. A total of 91 samples from 18 channels on the Dogpaw Vein No. 5 were analyzed by fire assay. The best channel intercept was on Line 9 which assayed 39.348 g/t Au over a width of 1.35 m (1.149 oz/t Au over 4.43 ft.) which included 105.100 g/t Au over a width of 0.50 m (3.069 oz/t Au over 1.64 ft.).
Table 2: Dogpaw Vein No. 5 Gold Bearing Channel Sample Results continued, Winter, 2010
| Channel Sample Cut in Metric Intervals from Northwest to Southeast | Width (m.) | Gold (g/mt.) | Width (ft.) | Gold (oz./st.) |
|---|---|---|---|---|
| Line 14 ‐ 22.5m South | 1.55 | 0.487 | 5.09 | 0.014 |
| incl. | 0.60 | 1.170 | 1.97 | 0.034 |
| Line 15 ‐ 24.5m South | 1.05 | 0.861 | 3.45 | 0.025 |
| incl. | 0.25 | 3.360 | 0.82 | 0.098 |
| Line 16 ‐ 26m South | 1.10 | 3.440 | 3.61 | 0.101 |
| incl. | 0.50 | 7.560 | 1.64 | 0.221 |
| Line 17 ‐ 27m South | 1.40 | 1.210 | 4.59 | 0.035 |
| incl. | 0.30 | 2.600 | 0.98 | 0.076 |
| incl. | 0.25 | 2.570 | 0.82 | 0.075 |
| Line 18 ‐ 28.5m South | 0.60 | 0.923 | 1.97 | 0.027 |
| incl. | 0.25 | 2.050 | 0.82 | 0.060 |
Dogpaw has an extensive exploration history dating back to the 1940’s. At least five main gold zones and ten documented gold occurrences have been discovered thus far on the property. An historic resource (non NI 43‐101 compliant) estimate of 53,741 metric tonnes grading 15.43 g/t Au (59,240 short tons grading 0.45 oz/st Au) remains after the extraction of a 454 metric tonne (500 short ton) bulk sample grading 8.23 g/t Au (0.24 oz/t Au).
Houston Lake is also currently drilling a 4,000 m program on its Dubenski property, which is one of eight properties that make up the West Cedartree Gold Project. In addition, Mr. E. Grayme Anthony has resigned from Houston Lake’s board of directors effectively immediately.
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 42,497,638 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.
Due Diligence
All samples reported were shipped to TSL Laboratories, an ISO accredited facility, of Saskatoon, Saskatchewan. Samples taken from the core of the mineralized zone were analyzed utilizing a screen metallic assay method. This methodology provides a higher level of assurance by testing a large quantity of sample (1,000g) and by monitoring the size distribution of the gold. Samples taken from the shoulders of the mineralized zone were analyzed by fire assay utilizing a 50 gram charge. All samples were assayed with an AA finish and those samples assaying above 3 g/mt gold were retested utilizing a gravimetric finish. The samples will also be re‐checked at a second qualified laboratory in keeping with the Company’s standard due diligence procedures.
The tonnages, grades, assays and other technical data are taken from historical records prior to the implementation of NI 43‐101. While the data are believed to have been acquired, processed and disclosed by persons believed to be technically competent, it is unverifiable at present.
A qualified person as defined under NI 43‐101 has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Houston Lake is not treating the historical estimates as current mineral resources or mineral reserves as defined in NI 43‐101 and the historical estimate should not be relied upon.
Dean R. Cutting, P. Geo., an independent consulting geologist, is the Qualified Person under the guidelines of NI 43‐101 for the technical aspects of this news release.
Company Contacts
Houston Lake Mining In Canada: Linx Partners Ltd. Trevor R. Walker, MBA Wanda Cutler Tel: 416‐603‐4646 Interim President Tel: 705‐897‐7622 In United States: ICS Fax: 705‐897‐7618 George Duggan Tel: 818‐542‐6880
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 that are available at www.sedar.com.
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