Houston Lake Options an Advanced Stage Gold Project Adjacent to the West Cedartree Gold Project

May 8, 2007: Sudbury, Ontario, Canada - Houston Lake Mining Inc. (TSX.V: HLM, the "Company") is pleased to announce that an option agreement has been signed with a private Ontario company giving the Company the right to purchase a 100 percent interest in an advanced gold project, the Dubenski property, for a total consideration of $4.5 million in cash payments and 700,000 Common Shares subject to a 2.5% Net Smelter Royalty (“NSR”) and regulatory approval. The Dubenski property hosts an historic mineral resource (1998) of about 355,286 tonnes averaging 6.32 g/mt Au (322,310 short tons averaging 0.184 oz/st Au) for the Shaft Zone to a depth of 150m (492ft.).

The Company can exercise its option by making cash payments totaling $1.0 million over a 9 year period, then making a lump sum cash payment of $3.5 million and issuing 500,000 Common Shares by April 30, 2017. The initial obligation involves a cash payment of $100,000 and the issuance of 200,000 Common Shares. Further obligations are the payment of $100,000 on each anniversary until the 9th anniversary of the agreement. If the Company completes the $1 million in annual cash payments at an accelerated rate and issues 500,000 Common Shares, Houston Lake may pay down the final lump sum out of production at a rate of $10/tonne milled. Houston Lake would then be obligated to complete any remainder of the final payment by the April 30, 2017 closing date. The option agreement is subject to a 2.5% NSR with a buyback of $500,000 for every 0.5% to a maximum of 2.5%.

The Dubenski property consists of 22 leased claims and covers an area of approximately 363.60 hectares (898.45 acres). The property is located adjacent to Houston Lake’s 1310 hectare (3236 acre) West Cedartree Gold Project located near Sioux Narrows, Ontario.

Gold was first discovered on the Dubenski property in 1935. Approximately 145 shallow holes have been subsequently drilled defining a steeply-dipping, gold-bearing structure over a 914m (3000ft.) strike length, to a maximum depth of 122m (400ft.). Three gold zones occur along a 300m (1000ft.) strike length of the east-west trending Flint Lake Shear. The Shaft Zone has a 132 foot exploration shaft and a 60 foot cross-cut was developed on one level in 1945. The Shaft Zone is estimated to average 7.6m (25ft.) in true width and appears to be open down plunge. Some of the better intersections from the historic drilling on the Shaft Zone include the following core length intervals:

·        0.501 oz gold/ton over 56.0 feet,

·        0.670 oz gold/ton over 38.0 feet

·        0.510 oz gold/ton over 29.0 feet

·        0.432 oz gold/ton over 32.0 feet

·        0.346 oz gold/ton over 35.8 feet

·        0.232 oz gold/ton over 40.0 feet

·        0.080 oz gold/ton over 121.0 feet

In 1997 Avalon Ventures Ltd. drilled 2788m (9144ft.) in 14 holes and had a best intercept of 32.6 g/mt Au (0.951 oz/st Au) over an estimated true width of 6.7m (21.98ft.).

On the Dubenski property gold occurs as fine grained free gold concentrated along foliation planes concentrated within a 300 foot wide zone of quartz-sericite-pyrite schist in the Flint Lake Shear. This shear forms an east-west splay off the Cameron-Pipestone Fault. The Cameron Lake gold deposit (1.012 million tonnes grading 5.22 g/mt Au or 1.116 million short tons grading 0.152 oz/st Au) occurs in a similar structural setting on a splay off the Cameron-Pipestone Fault, 5 km to the southeast of the Dubenski Property.

E. Grayme Anthony, president of Houston Lake stated: “The acquisition of the Dubenski property is an important step in attaining our goal of production at West Cedartree.

We have now amassed 3 key properties each one with its own modest gold resource yet when combined suggest interesting possibilities. Our immediate aim is to upgrade these historic resources to modern standards and to investigate the outstanding potential for the expansion of these resources along strike and to depth. There is much work to do nevertheless we believe that Houston Lake now solidly positioned to realize our corporate objectives.”

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.