HOUSTON LAKE MINING INC.

(HLM-TSX.V)

PRESS RELEASE

Drilling Completed on Houston Lake’s Angel Hill Gold Zone,

Resource Calculation and Bulk Sample Planned

March 24, 2004:  Sudbury, Ontario, Canada - Houston Lake Mining Inc. ("Houston Lake", TSX.V:HLM,) is pleased to report on final diamond drilling results from Houston Lake’s 100% owned, 603.6 hectare (1490.9 acre) West Cedartree Gold Project located near Sioux Narrows, Ontario. Drill holes 15 to 20 are targeted to intercept the Angel Hill Gold Zone ("AHGZ") at a depth of 10m (32.8ft.) and are the shallowest holes of the diamond drilling program (see Table 1). Twelve of the 18 holes drilled under the 130m (426ft.) stripped area have now returned significant gold values and 5 of these holes intersected grades higher than 1 oz/t Au (see also Table 2). The grade of the gold zone appears to increase to the maximum drilled depth of 30m (130ft.) The AHGZ remains open to depth and along strike to the south.

Houston Lake will undertake a resource calculation to determine the viability of developing a small open pit mining operation. A bulk sample is planned to follow the resource calculation and is expected to proceed by summer. The site adjoins the Cameron Lake mine road and thus has excellent infrastructure.

Table 1. Drill Hole Results for Holes 15 to 20 (-45° ) on the Angel Hill Gold Zone

The West Cedartree Gold Project is located near Sioux Narrows about 70km (42 miles) SSE of Kenora, Ontario. The region has a long tradition of gold mining. During the period 1890 to 1910 the area accounted for over 55% of Ontario’s gold production. The relatively recent development of gold resources at the Duport mine and at Nuinsco’s (NWI:TSE) Cameron Lake mine attests to the continued potential of the area.

In anticipation of rising gold prices Houston Lake consolidated a 603.6 hectare (1490.9 acre) land package at Cedartree Lake by late Summer of 2002. The Project area covers two gold zones: the historic McLennan Gold Zone ("MGZ") and the recently discovered Angel Hill Gold Zone ("AHGZ"). The Cedartree Lake vicinity has been the focus of a major staking rush. Over 250 square km (100 square miles) have now been staked.

Table 2. Significant Results from the First 14 Drill Holes, the Angel Hill Gold Zone

Recent work by Houston Lake has focused Angel Hill Zone ("AHGZ"), one of several gold zones identified thus far on the project. The Company completed extensive mechanized stripping, systematic channel sampling and detailed mapping programs over a 130m (426 ft.) segment of the AHGZ in August of 2003. The AHGZ was tested by 77 systematic channel samples which ranged from trace to 71.30 g/t Au (2.080 oz/t) and had a weighted average of 4.04 g/t Au (0.118 oz/t).

The 20 hole 1139m (3736ft.) diamond drilling program seeks to provide the basis for a resource estimate to a depth of 40m (130 ft.) below the stripped area. The holes were drilled on 20m (66ft.) centers over a 120m (394ft.) strike length to intersect the AHGZ at depths of 10m, 25m, and 40m (33ft., 82ft., and 130ft.). Drill holes 8 to 14 are the deepest holes of the program. All samples were tested at ALS Chemex Labs of Vancouver, B. C. utilizing fire assay with a 50 gram charge. Independent consulting geologist, Dean R. Cutting, P. Geo. is the Qualified Person on the project.

The AHGZ is defined by a zone of intense shearing and alteration. The gold zone lies at the contact between ultramafic rocks and mafic rocks of a large gabbro sill. The zone varies in width from 7m to 20m (23 to 66ft.). The AHGZ trends NNE-SSW and dips 85° to the east. The zone remains open to depth and to the south with a potential strike length of 2.1 km (6888 ft.) on the property.

Alteration has mainly affected the upper portions of the ultramafic rocks in the foot wall and also impinges on the hanging wall gabbro. Alteration consists of ubiquitous carbonatization accompanied by serpentinization, chloritization, fuchsitization and silicification. High grade gold mineralization is associated with silicified pods or lenses that are irregularly distributed within the AHGZ. Though at an early stage of exploration the AHGZ shares certain similarities of geologic setting, alteration styles and distribution of gold mineralization with that of the prolific Kerr Addison mine. This mine produced 11 million ounces over its lifetime.

E. Grayme Anthony, President, comments: "The Angel Hill Gold Zone passed the first test of rigorous surface sampling with flying colours. Now the focused drill program has produced results that exceeded our expectations. Not only has five of 18 drill holes encountered gold values of over an ounce but the overall grade appears to improve with depth. Houston Lake management looks forward to the next logical steps with the goal of potential production at Angel Hill."

Houston Lake is actively exploring for Gold, Platinum Group Metals and Rare Metals with a strategic focus on NW Ontario. The Company has a total of 16,777,195 common shares issued and outstanding. The common shares of Houston Lake Mining Inc. trade through the facilities of the TSX Venture Exchange under the symbol HLM. For further information, we invite you to visit us at www.houstonlakemining.com.

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