Houston Lake Mining Inc. (HLM-TSX.V)

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For Immediate Release

Houston Lake to Raise $150,000 in Flow Through Financing to Advance West Cedartree Gold and Tib Lake PGM Projects,

Investor Relations Agreement Terminated, Options Granted

March 10, 2005: Sudbury, Ontario - Houston Lake Mining Inc. (TSX.V: HLM, the "Company") is pleased to report that the Company intends to raise $150,000 in a non-brokered, flow-through private placement subject to regulatory approval. The proceeds of the financing would be utilized to fund recommended exploration programs (IP geophysics, trenching and stripping) on the Company’s 100% owned, 635.6 hectare (1569.8 acre) West Cedartree Gold Project located near Sioux Narrows, Ontario. These proceeds would also be used to conduct channel sampling programs on Houston’s 100% owned, 2032 hectare (5019 acre) Tib Lake PGM Project located northwest of Thunder Bay, Ontario.

The Company proposes to offer up to a maximum of 500,000 flow-through common shares at a price of $0.30 per share for maximum gross proceeds of $150,000. The proposed offering is restricted to residents of Ontario and Alberta, would have a hold period of four months and is subject to regulatory approval. The financing utilizes Super Flow-through shares, which include tax-based incentives of 100% of the investment with an additional 20% tax credit in Ontario and 15% in Alberta. The financing is expected to close within 30 days. Proceeds will be used for working capital purposes to execute the recommended exploration programs (see Company news releases February 22, 2005 and July 26, 2004).

Effective immediately the Company has exercised its right to terminate the Investor Relations Agreement with Lindsay Malcolm. Houston Lake has valued Mr. Malcolm’s input and experience and wishes him well in his future endeavours.

Houston Lake has awarded 100,000 stock options to directors and employees at a price of $0.25 for a term of 5 years. The award is subject to regulatory approval.

Houston Lake Mining Inc. is an exploration company listed on The TSX Venture Exchange under the symbol HLM. We are focused on the exploration and development of opportunities in the strategic and high technology metals sector which have excellent supply/demand fundamentals. Houston Lake is actively exploring for Gold, Platinum Group Metals and Rare Metals with a strategic focus on northwestern Ontario. The Company has a total of 18,375,197 common shares issued and outstanding. For additional information, we invite you to visit us at www.houstonlakemining.com.

Company Contacts:

E. Grayme Anthony B.Sc., P. Geo., F.G.A.C., M. B. A.

President and CEO

Tel: (705) 897-7622 Fax: (705) 897-7618

ganthony@houstonlakemining.com

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