Houston Lake Mining Inc.

Houston Lake Mining Encounters More High Grade Gold Mineralization
in Channel Samples from Angel Hill Gold Zone, Phase 2 Drilling Commenced

November 4, 2004: Sudbury, Ontario - Houston Lake Mining Inc. (TSX.V:HLM, "Houston Lake") is pleased to announce that the Company has received results from surface channel samples on the West Cedartree Gold Project. The 100% owned, 635.6 hectare (1569.8 acre) property is located near Sioux Narrows, Ontario. A total of 10 selective channel samples tested quartz vein targets that were revealed by last Spring’s heavy rains. The channel samples ranged from 0.592 g/t Au to 115.5 g/t Au (0.017 oz/t to 3.369 oz/t) and had a weighted average of 32.23 g/t Au (0.940 oz). The six hole, 700m. (2296 ft.) drill program commenced last week and has the aim of further extending the Angel Hill Gold Zone to depth. Drilling results are expected in December.

The AHGZ occurs within a large gabbro sill at the contact of ultramafic rocks forming the footwall to the gabbroic rocks of the hanging wall. Higher gold values (up to 115.5 g/t or 3.369 oz/t Au) are associated with discontinuous quartz lenses and pods which tend to be more prolific in wider portions of the zone. The AHGZ can be traced by geophysics for a distance of 2.1km (1.5miles) on the property to encompasses gold-in-soil anomalies and a gold occurrence along its strike extension. The zone remains open to depth and along strike to the south.

Distance along Strike (m.)	True Width (m.)	Gold (g/t Au)	Distance along Strike (ft.)	True Width (ft.)	Gold (oz/t Au)
12.7 m. North	0.10 m.	20.80	42 ft. North	0.33 ft.	0.607
13.5m. South	0.37 m.	115.50	44 ft. South	1.21 ft.	3.369
14.2m. South	0.43 m.	74.00	47 ft. South	1.41 ft.	2.158
17.8 m. South	0.19 m.	39.20	58 ft. South	0.62 ft.	1.143
19.2 m. South	0.27 m.	31.80	63 ft. South	0.89 ft.	0.927
21.4 m. South	0.28 m.	1.18	70 ft. South	0.92 ft.	0.034
26.4 m. South	0.15 m.	4.09	87 ft. South	0.49 ft.	0.119
27.4 m. South	0.18 m.	0.59	90 ft. South	0.59 ft.	0.017
29.0 m. South	0.51m.	1.63	95 ft. South	1.67 ft.	0.048
53.9 m. South	0.45 m.	0.78	177 ft. South	1.48 ft.	0.023

Last year, Houston Lake conducted stripping and washing, systematic channel sampling, and detailed mapping over a 130m (426 ft.) segment of the AHGZ. The AHGZ was directly tested by 77 of the 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 Fall 2004 surface exploration program involved the channel sampling of new quartz veins revealed by Spring rains on the stripped portion of the AHGZ and systematic chip sampling of Trench #1 on the McLennan Gold Zone. A dozen selective channel and systematic chip samples were analyzed at ALS Chemex Laboratories of Vancouver by fire assay analysis with a 50 gram charge.

The newly discovered veins were not intersected by the systematic channel sampling carried out in Fall of 2003. The first eight selective channel samples (see Table 1) were collected from within the AHGZ while the last two selective channel samples were collected from a transitional zone bordering the AHGZ. The channel samples ranged from 0.592 g/t Au to 115.5 g/t Au (0.017 oz/t to 3.369 oz/t) and had a weighted average of 32.23 g/t Au (0.940 oz/t).

E. Grayme Anthony, President, comments: “As revealed in the 130 metre (426ft.) long stripped area, the Angel Hill Gold Zone mineralization is composed of a series of discontinuous lenses and pods of gold-bearing quartz veins. These veins are enveloped within a large zone of altered rocks that is continuous over the entire exposure.

We are heartened by this Summer’s discovery of additional quartz veins untested by the Fall 2003’s systematic channel sampling program. Not only has the recent channel sampling returned high grade gold values but the sampling has also proven the extension of the gold mineralization into the southern portions of the stripped area. We now know that the high grade gold mineralization is distributed throughout the exposed Angel Hill Gold Zone rather than just confined to specific localities within the zone. This has positive implications for the potential size of the gold mineralization at the Angel Hill.”

A 20 hole, 1139m (3736 ft.) diamond drilling program was completed in February, 2004. Twelve of the 18 holes drilled under the 130m (426ft.) stripped area returned significant gold values and 5 of these holes intersected grades higher than 1 oz/t Au.

The just commenced diamond drilling program builds upon the systematic drilling completed last winter. The Phase 2 program seeks to further extend the Angel Hill Gold Zone to depth under the stripped area. A minimum of six drill holes are planned to intersect the AHGZ at an approximate depth of 60m (200 ft.). The drill program is expected to be completed by the end of November. Independent Consulting Geologist Dean R. Cutting, P. Geo. is the Qualified Person for the project and has reviewed this press release in its entirety.

The MGZ is located several hundred metres west of and is oriented subparallel to the AHGZ. The gold zone occurs near the northerly-striking contact of mafic volcanics with a large gabbro sill. The zone appears to be 3 to 4.5m (9.8 to 14.8 ft.) wide, is highly silicified and carbonatized, and carries 5-10% disseminated sulphides. The MGZ is traced by geophysics for a distance of 2.6km (1.6miles) on the property.

The MGZ is marked by a series of overgrown pits, trenches and drill collars which were completed in the 1940’s. Assessment files indicate that additional work was carried out in the early 1980’s. “Drilling carried out by Noranda Mines in 1944-45 encountered significant gold-bearing intersections over a strike length of 280m. (918 ft.). Typical intersections along the shear zone and off shoot shears are: 0.20 oz/t Au over 1.2 ft., 0.53 oz/t Au over 18.0 ft., 0.25 oz/t Au over 3.0 ft., 0.55 oz/t Au over 1.5 ft., 1.35 oz/t Au over 3.5 ft.” (Dr. K. Germundsen, P. Geo., Internal Company Report, 2002).

Three of the trenches have now been cleaned out and systematically chip sampled (see Table 2). A strike length of approximately 30m (98.4ft.) is exposed along strike from Trench 1 in the north to Trench 3 in the south. Two systematic chip samples from Trench 1 were analyzed at ALS Chemex Laboratories of Vancouver, B. C. by fire assay utilizing a 50 gram charge. The two samples have returned values of 1.195 g/t Au over 2.0m (0.035 oz/t over 6.6ft.) on the South Wall and 3.09 g/t Au over 2.5m (0.090 oz/t over 8.2ft.) on the West Wall. Three previously reported grab samples taken in the vicinity of Trenches 2 and 3 returned 1.665, 2.60 and 15.55 g/t Au (0.049, 0.076 and 0.454 oz/t Au).

Table 2. Summer and Fall, 2004 Systematic Chip Sample Results, McLennan Gold Zone.

Trench Number	Sample Width (m.)	Gold (g/t Au)	Sample Width (ft.)	Gold (oz/t Au)
1	2.0 m.	1.195	6.6 ft.	0.035
1	2.5 m.	3.09	8.2 ft.	0.090
2	4.0 m.	2.12	13.1 ft.	0.062
3	1.4 m.	5.85	4.6 ft.	0.171

An exploration program involving trenching, stripping and channel sampling is planned to follow up the preliminary sampling on the McLennan Gold Zone.

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 18,258,198 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 does not accept responsibility for the adequacy or accuracy of this release.