Sudbury, Ontario – Aug. 6, 2010 – Houston Lake Mining Inc. (TSX.V: HLM), is an advanced exploration company which has prospected and strategically acquired contiguous gold properties in Northwestern Ontario with the objective of transitioning into production. HLM also seeks platinum group and rare metal deposits in Northwestern Ontario. Today HLM has released its report for the fourth quarter, and year ended March 31, 2010.

Dubenski Gold Zone (DBGZ)

• Updated NI 43-101 mineral resource estimate was received. Gold ounces in the Indicated Category increased by 84%. A 10,730m drill program was recommended.
  
  
• Completed a 4,900 m diamond drilling program on the Dubenski property. The program expanded the Dubenski mineralized zone from 365m to a length of 425m. It also confirmed that the Shaft and Central Zones are in fact one mineralized zone (DBGZ). The DBGZ is open in all directions.
  
  
• The most significant diamond drill hole of the program was DB10-70 encountering 19m of 9.99g/t gold, including 3.10m of 57.28g/t. Highlights of this program can be seen at www.houstonlakemining.com.
  
  

Angel Hill Gold Zone (AHGZ)

• Completed mechanized stripping of the Robinson Occurrence, a historic gold showing approximately 1.4 km to the south of the Angel Hill gold resource.
  
  

Dogpaw Gold Zone (DPGZ)

•  A total of 70 channel samples from the Dogpaw Vein No. 6 were analyzed by fire assay. Sample results ranged from trace to 22.19 g/t Au (0.647 oz/t Au). The best intercept was on Line 6 which assayed 5.81 g/t Au over a width of 4.15 metres (0.170 oz/t Au over 13.61 ft.) and included 21.80 g/t Au over a width of 0.40 metres (0.636 oz/t Au over 1.31 ft.).
  
  
• A total of 91 channel samples from the Dogpaw Vein No. 5 were analysed by fire assay. Sample results ranged from trace to 105.100 g/t Au (3.069 oz/t Au). 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.).
  
  
• Results from the Vein No. 6 sampling may extend the Veins No 1, 2 and 4 systems to a strike length of over 500 metres.

Financings

• Raised $325,000 in a hard dollar financing through issuance of 1,300,000 common shares.
• Raised $1,000,000 through the sale of 4,000,000 Flow-Through Units.
• Raised $500,000 through the sale of 2,000,000 Flow-Through Units.
• Raised $135,000 through the sale of 540,000 Flow-Through Units.

Management and Board Changes

• Grayme Anthony resigns from his position of President and CEO. Trevor R. Walker appointed to role of President.
• Incumbent Board of Directors is elected at the Company’s AGM
• Robert Callander no longer director of HLM.
  
  

“During the fourth quarter we completed Phase IV drilling, which was a 4,900 m drilling program on Dubenski,’ said Trevor R. Walker, Interim President. “We continued to focus on the property as we believed it had the most near term potential to help us build gold ounces on the West Cedartree Project. The phase IV drill program was reported and intersected gold mineralization over significant widths. We added further ounces which will be calculated this fall/winter and it defined that both the shaft and central zones are in fact on continuous zone, and in the near future we plan on displaying the depth potential of the Dubenski Gold Zone.”

The current program on the West Cedartree property is aimed at outlining three open pit working areas (Dubenski Gold Zone, Angel Hill/Robertson Gold Zones, Dogpaw Gold Zones) in order to advance the company towards its production objective. To date all drilling on the property has been near surface and all resources remain open.

Exploration outlays, salaries and other outlays were funded from treasury. During the twelve months ended March 31, 2010 Houston Lake invested $1,149,966 in the mining properties. Of the total:

• $934,769 was incurred in acquisition and exploration costs for the Dubenski property;
• $110,675 was devoted to exploration on the Dogpaw Lake property;
• $101,821 was expended on the West Cedartree property; and
• $2,701 was spent on the Pakeagama Lake and Tib Lake properties.

Expenses for the twelve months ended March 31, 2010 were $589,478 compared to $702,183 for the same period of the previous year. HLM maintained a higher level of productivity on the West Cedartree Property as the previous year, despite this decrease. For the twelve months ended March 31, 2010, Houston Lake incurred a net loss of $325,968 ($0.01/share) as compared to a net loss of $351,767 ($0.01/share) in the same period of 2009.

At March 31, 2010, working capital totaled $615,615 compared to $278,342 as at March 31, 2009. The Company’s current rate of cash consumption, excluding expenditures on work programs, is approximately $20,000 per month.

Outlook
Looking forward the Company will continue to focus on the exploration and development of the West Cedartree Gold Project, specifically on implementing the recommendations of the NI 43-101 report for Dubenski by testing the down dip and down plunge extensions of these zones.

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 as of March 31, 2010. For additional information, please visit us at www.houstonlakemining.com.

Company Contacts

Houston Lake Mining
Trevor R. Walker, MBA
President
Tel: 705.897.7622 Fax: 705.897.7618