February 28, 2007: Sudbury, Ontario, Canada - Houston Lake Mining Inc. (TSX.V: HLM, the "Company") is pleased to report that the Company has raised a total of $354,121.10 in a private placement financing subject to regulatory approval. This financing completes the December 2006 non-flow through financing and brings the total amount raised in recent financings to $1,771,074.58. The proceeds of the private placement will be utilized to advance exploration on the Company’s 100% owned and 100% optioned 862 hectare (2129 acre) West Cedartree Gold Project located near Sioux Narrows, Ontario and for Working Capital purposes to fund future acquisitions.

The financing is comprised of 505,886 Units at a price of $0.70 per Unit for maximum gross proceeds of $354,121.10 subject to regulatory approval. Each Unit consists of one common share and one common share purchase warrant. Each common share purchase warrant is exercisable at a price of $0.90 for a period of two years from the date of closing (until February 28, 2009). The offering has a hold period of four months and a day (July 1, 2007).

About Houston Lake Mining Inc.
Houston Lake’s objective in the short term is to become a gold producer by surface mining our West Cedartree gold project and apply the profits towards the development of our 100% owned and optioned northwestern Ontario properties. The Company has a total of 23,638,270 common shares issued exclusive of the announced financing. For additional information, we invite you to visit us at www.houstonlakemining.com.


Company Contacts:
A. Schwab & Associates E. Grayme Anthony B.Sc., P. Geo., FGAC, MBA

Investor Relations President & CEO

1-800-537-4099 (toll-free) Tel: (705) 897-7622 Fax: (705) 897-7618

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