Sudbury, Ontario – September 22, 2010 - Houston Lake Mining Inc. (TSX.V: HLM), an advanced exploration company with strategic gold, rare-metal, and platinum group properties in Northwestern Ontario, is pleased to announce that it has entered into an agreement providing for an Equity Line Facility ("ELF") with Dutchess Opportunity Cayman Fund Ltd., a fund managed by Dutchess Capital Management, II LLC. Under the terms of the ELF, Dutchess has committed to provide up to $10 million of capital during the next three years, at HLM’s discretion, through the issue of common shares.

"This new equity line facility with a well-established Investor such as Dutchess is a clear indication of investor optimism behind HLM’s plan to further develop our assets at a faster pace. This agreement gives us a flexible and inexpensive access to capital to support our exploration initiatives." said Trevor R. Walker, President of HLM. "By demonstrating access to capital, our past exploration results, and the extent of exploration targets, we are sending a clear and positive message to our shareholders that we are striving to increase our resources with the objective of production". HLM can draw on Dutchess' commitment by sending draw down notices based on the company’s requirements. Each drawdown will be priced based on the then-current stock price in accordance with an agreed-upon formula. HLM will control the timing and amount of any share sales to Dutchess. HLM will file an annual information form and short form prospectus in Canada, which will be subject to the required corporate and regulatory approvals, including that of the TSX Venture Exchange and the Ontario Securities Commission. No commissions will be paid by HLM as a result of the signing of the ELF.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to United States persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

This news release is not for distribution to United States newswire services or for dissemination in the United States.

About Dutchess Capital
Dutchess Capital is an investment manager which provides creative financing for public companies. Founded in 2000, funds managed by Dutchess have made over $200 million in direct investments in companies throughout North America, Europe and Asia. For almost a decade, Dutchess has been a global leader in Equity Line Facilities (ELFs) and has transacted in excess of $1.8 billion in such financings worldwide. The ELF is a flexible financing structure by which publicly traded companies can raise capital quickly, efficiently and with less dilution than most traditional offerings. For more information, please visit
www.dutchesscapital.com.

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 44,164,304 common shares issued and outstanding exclusive of the announced financing. 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

_{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 what are available at www.sedar.com.}