Houston Lake To Raise $2.5 Million in a Private Placement Financing With Max Capital Markets Ltd.

May 14, 2007: Sudbury, Ontario - Houston Lake Mining Inc. (TSX.V: HLM, the "Company") is pleased to report that the Company is raising a total of $2.5 million in a non-brokered flow-through private placement financing with Max Capital Markets Ltd. subject to regulatory approval. The proceeds of the private placement will be utilized to bring the historic resource on the recently acquired Dubensky property up to NI-43-101 standards and to continue exploration and drilling on the Company’s 100% owned and optioned gold properties located near Sioux Narrows, Ontario.    

Houston Lake is offering up to 1,250,000 Common Share Units and 1,086,957 Flow Through Shares for total gross proceeds of $2.5 million.  The 1,250,000 Units have a subscription price of $1.00 per Unit, each Unit being comprised of one Common Share and one half Warrant exercisable at $1.25 for a period of 24 months.  The 1,086,957 Flow-Through Shares have a subscription price of $1.15. The offerings have a hold period of four months and are subject to regulatory approval.  The Company will pay a finder’s fee to Max Capital Markets Ltd. of Toronto, Ontario for Units and Flow Through Shares which are completed equal to 8.0% of the gross proceeds of the subscriptions payable in cash and 8.0% finder’s warrants which will be exercisable to acquire common shares of the Company at $1.25 for a period of 24 months after the Closing Date.

About Houston Lake Mining Inc.