HOUSTON LAKE MINING INC.

(HLM-TSX.V)

 

PRESS RELEASE

 

Corporate Update on the West Cedartree Gold Project


May 10, 2004: Sudbury, Ontario, Canada - Houston Lake Mining Inc. ("Houston Lake", TSX.V:HLM,) is pleased to provide an update on recent activities concerning the Company’s 100% owned, 603.6 hectare (1490.9 acre) West Cedartree Gold Project located near Sioux Narrows, Ontario. Fifty-two drill samples are being sent for check assays as part of a 43-101 level due diligence on the recently completed drilling program on the Angel Hill Gold Zone ("AHGZ"). A bulk sample expected to proceed in early June. New Auditors have been appointed to the Corporation.

Fifty-two drill core samples have been sent for check assay verification to TSL Laboratories of Saskatoon, Saskatchewan. Some samples will be run by standard fire assay while higher grade samples will undergo metallic gravimetric analysis. A second laboratory opinion aims to meet National Instrument 43-101 standards for a mineral resource estimation. Houston Lake has previously applied this methodology to increase confidence in surface channel samples from the AHGZ.

The Company has investigated permitting requirements for a bulk sample from the AHGZ. Houston Lake is pleased to report that the Company has scheduled a bulk sample to take place in June dependent on mill availability. Houston Lake has identified several prospective mills and plans to finalize scheduling details in the next few weeks. The AHGZ adjoins the Cameron Lake mine road and thus has excellent infrastructure.

The West Cedartree Gold Project is located near Sioux Narrows about 70km (42 miles) SSE of Kenora, Ontario. Recent work by Houston Lake has focused on Angel Hill Gold Zone ("AHGZ"). A 20 hole 1139m (3736ft.) diamond drilling program has recently been completed. The program seeks to provide the basis for a resource estimate to a depth of 40m (130 ft.) below the stripped area. Twelve of the 18 holes drilled under the 130m (426ft.) stripped area have returned significant gold values and 5 of these holes intersected grades higher than 1 oz/t Au (see also Table 1). The AHGZ remains open to depth and along strike to the south. Independent consulting geologist, Dean R. Cutting, P. Geo. is the Qualified Person on the project.

BDO Dunwoody has been appointed as the Corporation’s Auditors. The Company would like to thank Sostarich Ross Wright and Cecutti ("SRWC") for their years of valued service. The change was necessitated by new requirements for public accounting standards that were not cost effective for SRWC to meet.

 

Table 1. Significant Drill Hole Results from the Angel Hill Gold Zone

Hole
No.

Drill Hole
Location

From

To

Intercept
(m.)

Gold
(g/t Au)

Intercept
(ft.)

Gold
(oz/t Au)









2

60m (197ft) N

28.82m

32.00m

3.18m

3.156

10.43ft.

0.092


Incl.

30.00m

31.00m

1.00m

8.870

3.28ft.

0.259

3

40m (131ft) N

29.50m

32.75m

3.25m

2.023

10.66ft.

0.059


Incl.

31.75m

32.75m

1.00m

4.700

3.28ft.

0.137

5

0m (0ft) N

32.15m

36.88m

4.73m

8.042

15.51ft.

0.235


Incl.

32.15m

32.95m

0.80m

46.700

2.62ft.

1.362

6

20m (66ft) S

32.00m

33.25m

1.25m

3.265

4.10ft.

0.095

7

40m (131ft) S

39.00m

42.05m

3.05m

4.950

10.00ft.

0.144


Incl.

40.00m

41.00m

1.00m

9.120

3.28ft.

0.266

9

60m (197ft) N

36.00m

39.00m

3.00m

4.185

9.84ft.

0.122


Incl.

37.00m

37.25m

0.25m

48.000

0.82ft.

1.400

12

0m (0ft) N

37.35m

47.55m

10.20m

4.268

33.46ft.

0.124


Incl.

41.70m

45.90m

4.20m

9.146

13.78ft.

0.267


Incl.

45.37m

45.90m

0.53m

46.400

1.74ft.

1.353

13

20m (66ft) S

41.37m

59.00m

17.63m

2.556

57.83ft.

0.075


Incl.

41.37m

43.50m

2.13m

11.797

6.99ft.

0.344


Incl.

41.37m

42.05m

0.68m

35.000

2.23ft.

1.021

14

40m (131ft) S

47.40m

48.50m

1.10m

2.120

3.61ft.

0.062

16

40m (131ft) N

12.05m

17.50m

5.45m

3.811

17.88ft.

0.111


Incl.

12.05m

13.80m

1.75m

5.528

5.74ft.

0.161


Incl.

12.05m

12.20m

0.25m

65.400

0.82ft.

1.908

18

0m (0ft) N

18.15m

20.75m

2.60m

2.233

8.53ft.

0.065


Incl.

18.15m

19.90m

1.35m

4.205

4.43ft.

0.123


Incl.

18.97m

19.50m

0.53m

8.862

1.74ft.

0.258

19

20m (66ft) S

24.70m

26.00m

1.30m

2.720

4.27ft.

0.079

 

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 16,797,195 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.

For more information, please contact:

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

Tel:  (705) 897-7622
Fax: (705) 897-7618
email: houston@vianet.on.ca
Web Site: www.houstonlakemining.com

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

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