HOUSTON LAKE MINING INC.

(HLM-TSX.V)

 

PRESS RELEASE

 

High-grade Gold Mineralization Passes Second Test on
Houston Lake’s West Cedartree Gold Project

 

September 2, 2003: Sudbury, Ontario - Houston Lake Mining Inc. (TSX.V:HLM, "Houston Lake") is pleased to report that a second laboratory opinion confirms the results of systematic channel sampling announced in press release on July 31, 2003. The gold assay results tested the Angel Hill Gold Zone ("AHGZ"), one of several gold zones found to date on the 603.6 hectare (1490.9 acre) West Cedartree Gold Project. The Project is located near Sioux Narrows in the Kenora Mining District of Ontario. Of a total of 77 channel samples which directly evaluated the AHGZ, 62 channel samples were retested using fire assay with gravimetric analyses. New results from the 62 reject samples closely agree with those of the 62 original assays.

High gold assays and the presence of visible gold in several samples suggest the possibility of a nugget effect on the assay data. Consequently, 62 reject samples sent to TSL Laboratories of Saskatoon, Saskatchewan were analyzed by fire assay with gravimetric analyses. This methodology provides a higher level of assurance by testing a large quantity of sample (1000g) and monitoring the size distribution of the gold. Gold was found to occur mainly in combination with other minerals or as fine flakes (-150 mesh) and also as coarse gold (+150 mesh). Gold appears to be well distributed within the samples given the consistency of the results from two laboratories utilizing differing methodologies. New assay results between the 62 samples ranged from trace to 76.21 g/t Au (2.22 oz/t Au) with an arithmetic average of 5.59 g/t Au (0.163 oz/t Au) and compare favourably with that of the 62 original assays which ranged from trace to 71.30 g/t Au (2.080 oz/t) with an arithmetic average of 5.76 g/t Au (0.168 oz/t Au).

Houston Lake now owns or has under 100 percent option on a total of 603.6 hectares (1490.9 acres) spanning four properties in the West Cedartree Lake area. The properties are accessed by an all-weather gravel road, which traverses the northern portions of the project area. Past exploration has focused on the McLennan Shear Zone ("MSZ") at the northerly-striking contact of mafic volcanics with a large gabbro body. A second gold-bearing shear zone, the Angel Hill Gold Zone ("AHGZ"), was identified in 1997.

The AHGZ has been extended in outcrop along strike for a total strike length of 225m. (738 ft.), and the zone remains open along strike to the south. A magnetic high is traceable southward from the vicinity of the exposed AHGZ to a number of gold-in-soil anomalies and passes near a gold showing in the southern portions of the property for a total possible strike length of 2.1 km. (6888 ft.). Mechanized stripping, channel sampling and detailed mapping surveys were recently conducted over a 130 metre (426 foot) segment of the AHGZ. The AHGZ has a minimum exposed width of 3m. (9.8 ft.) to a maximum exposed width of 18m. (59.0 ft.) and remains open in width to the west. The exposed gold zone appears to be a part of a larger shear system and is internally complex.

Table 1. Summer, 2003 Systematic Channel Sample Results Over the AHGZ

Distance along Strike
(m.)

True Width
(m.)

Gold
(g/t Au)

Distance along Strike
(ft.)

True Width
(ft.)

Gold
(oz/t Au)

60 m. North

7.07 m.

13.78

197 ft. North

23.19 ft.

0.402

Incl.

4.92 m.

19.68

Incl.

16.14 ft.

0.574

55 m. North

1.30 m.

49.90

180 ft. North

4.26 ft.

1.455

48 m. North

2.60 m.

8.02

157 ft. North

8.53 ft.

0.234

40 m. North

2.65 m.

0.84

131 ft. North

8.69 ft.

0.025

20 m. North

1.70 m.

0.17

66 ft. North

5.58 ft.

0.005

1 m. North

0.30 m.

71.30

3 ft. North

0.98 ft.

2.080

0 m. North

4.65 m.

7.25

0 ft. North

15.25 ft.

0.212

Incl.

1.95 m.

17.22

Incl.

6.40 ft.

0.502

0 N (15m.W)

0.95 m.

7.80

0 N (49 ft. W)

3.12 ft.

0.227

Incl.

0.15 m.

48.90

Incl.

0.49 ft.

1.426

20 m. South

3.90 m.

0.38

66 ft. South

12.80 ft.

0.011

40 m. South

1.20 m.

0.81

131 ft. South

3.94 ft.

0.024

55 m. S (Road)

2.90 m.

2.15

180 ft. S (Road)

9.51 ft.

0.063

Channel sampling was conducted every 20 metres perpendicular to strike along the zone. A total of 89 channel samples were shipped to ALS Chemex of Mississauga, Ontario and analyzed by standard fire assay. The AHGZ was directly tested by 77 of the systematic channel samples. These samples 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). Consulting geologist, Dean Cutting, P. Geo. is the Qualified Person responsible for the project. The Company is currently seeking funds for the recommended 1000m. (3280 foot) diamond drilling program.

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 15,932,195 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

Cynthia Le Sueur-Aquin
Tel: (705) 897-7622
Tel: (705) 788-9186
Fax: (705) 897-7618 Fax: (705) 788-9187
e-mail: houston@vianet.on.ca
 e-mail:clesueuraquin@quaere.ca

Web Site: www.houstonlakemining.com

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

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