HOUSTON LAKE MINING INC.

(HLM-CDNX)

PRESS RELEASE

Third Property Optioned in the Pakeagama Lake Area

February 25, 2002: Sudbury, Ontario - Houston Lake Mining Inc. (CDNX:HLM, "Houston Lake") is pleased to announce recent moves to solidify the Company’s land position in ground surrounding the Company’s Pakeagama Lake property located in the Red Lake Mining District of northwestern Ontario, Canada. Houston Lake now holds a 100 percent in 512 hectares (1265 acres) and has under option another 256 hectares (632 acres) in three separate property deals. This land position covers all known exposures of the Pakeagama Lake rare metals pegmatite. All three properties are subject to a 2.5 percent Net Smelter Royalty ("NSR").

Houston Lake has exercised a First Right of Refusal on the 256 hectare (632 acre) Pakeagama Lake Northwest ("PNW") Property which lies adjacent to the Company’s 100 percent owned Pakeagama Lake project located in the Red Lake Mining District of Northwestern Ontario. Subject to regulatory approval Houston Lake will issue 25,000 common shares and expend $18,040 in assessment work to earn a 100 percent interest from Emerald Fields Resource Corporation, a private corporation based in Kenora, Ontario. The PNW property covers the potential northwest extension of the Pakeagama Lake pegmatite.

The Company has completed the earn in of a 100 percent interest on the 256 hectare (632 acre) Pakeagama Lake West ("PLW") property located in the Red Lake Mining District of Ontario, Canada. Houston Lake has issued 100,000 shares and expended over $25,000 in assessment work to earn its 100 percent interest from a private individual in the PLW property. The PLW property adjoins the southern border of the Pakeagama Lake property and covers a possible extension of the lithium-cesium anomaly as disclosed in the Company’s September 13, 2001 press release.

The Pakeagama Lake pegmatite is a recent discovery of the Ontario Geological Survey ("OGS"), a provincial government agency. Preliminary work carried out by the OGS and expanded upon by Houston Lake has determined that the Pakeagama Lake pegmatite is already the second largest complex-type, petalite sub-type in Ontario with a strike length of over 280 metres and a width of up to 125 metres. The rare metals mineralizing system may extend for over 610 metres along strike to the 700 g/t tantalum oxide showing on the shore of Pakeagama Lake. Channel sampling perpendicular to the strike of the Northern Wall Zone of the Pakeagama Lake pegmatite has returned 1.21 percent lithium oxide, 0.53 percent rubidium oxide, 0.10 percent cesium oxide, 222 g/t tantalum oxide, 107.0 g/t niobium oxide, 0.13 percent beryllium oxide, 35.8 g/t thallium, 56 g/t gallium, 8.1 g/t germanium and 120 g/t tin over 11 metres. Channel sampling across the Core Zone yielded 13.9 metres grading 4.62% lithium oxide. A $300,000 exploration program involving mechanized stripping and 1000 metres of drilling is recommended by an independent geological consultant to advance the project.

Houston Lake is actively exploring for rare metals, platinum group metals and gold in northwestern Ontario. The common shares of Houston Lake Mining Inc. trade through the facilities of the Canadian Venture Exchange under the symbol HLM. Houston Lake Mining Inc. has a total of 14,848,695 common shares issued and outstanding. For further information on all of the Company's projects, we invite you to visit us at www.houstonlakemining.com.

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The Canadian Venture Exchange has neither approved nor disapproved of the information contained herein.