October 12, 2000: Sudbury, Ontario - The Advisory Committee of the Board of Directors wishes to comment on James A. Richardson as a director of Houston Lake Mining Inc. ("Houston Lake").

The Advisory Committee of the Board of Directors of Houston Lake Mining Inc. is composed of four of the five member Board of Directors and has oversight authority over the Board of Directors. In a unanimous vote the Advisory Committee has ratified the Chairman of the Board’s recent repeated requests that Mr. Richardson resign from the Board Of Directors of Houston Lake Mining Inc. over alleged or probable conflict of interest. However, Mr. Richardson has refused or neglected to tender his resignation as requested.

The Advisory Committee of Houston Lake is formulating a Shareholder’s Rights Plan to recommend to the Company’s shareholders. The Shareholder’s Rights Plan would seek to protect the interests of minority shareholders and to allow a reasonable time period for consideration and to allow competitive bids to emerge in the event of a hostile take over. The envisaged Plan will not attempt to hinder a fair and competitive offer. An Annual and Special Shareholder’s Meeting is being arranged to seek the wishes of the Company’s shareholders.

Houston Lake is actively exploring for rare metals, platinum group metals and gold in northwestern Ontario, Canada. Houston Lake Mining Inc. has a total of 12,797,432 common shares issued and outstanding. The common shares of Houston Lake Mining Inc. trade through the facilities of the Canadian Venture Exchange under the symbol HLM. For further information on all of the Company’s projects, 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
e-mail: houston@vianet.on.ca
Web Site: www.houstonlakemining.com


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