December 22, 2011: Sudbury, Ontario, Canada - Houston Lake Mining Inc. ("Houston Lake", TSX.V: HLM) is pleased to report that the Company has received two regulatory approvals for the conversion of debts in Shares for Debt Financings.  Houston Lake will issue 4,486,419 common shares to two creditors at a price of $0.06 for a total debt settlement of $269,185.19.

The $269,185.19 debt includes $34,702.40 owed to a company owned by one “arms length” individual. The price of $0.06 represents a 7.7% discount to the days’ opening price of $0.065 on October 4, 2011.    The arms length portion of the financing is therefore 578,373 common shares. The Financing has a four month hold period which will expire on February 5, 2012.

The $269,185.19 debt also includes $234,482.79 owed to a company owned by one “non-arms length” individual. The price of $0.06 represents a 20% discount to the days’ closing price of $0.075 on September 26, 2011. The non-arms length portion of the financing is therefore 3,908,046 common shares. The Financing has a four month hold period which will expire on January 27, 2012.

Management believes that the Shares for Debt financings strengthen the Company’s balance sheet and will also increase the attractiveness of the Company for future financings.

About Houston Lake Mining Inc.
Houston Lake is an advanced, vertically integrated resource exploration company. The Company is actively exploring for rare metal, gold, and platinum group deposits in Northwestern Ontario with a strategic focus on the Pakeagama Rare Metals Project. Houston Lake’s objective is to become a producer and developing its 100% owned and optioned properties. The Company has a total of 54,119,056 common shares issued and outstanding. For additional information, please visit us at www.houstonlakemining.com.

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.

www.houstonlakemining.com