Houston Lake Completes $255,010 Equity Offering

The offering comprised 364,300 flow-through shares pricedat $0.70 in anon-brokered private placement with Max Capital MarketsLimited. Thefinancing is subject to regulatory approval. Proceeds willbe deployed toadvance Houston Lake's 100% owned and optioned gold propertieslocated nearKenora, Ontario.

"With the completion of this financing we now have a warchest of over $1.3million," said Grayme Anthony, President and CEO. "Thesefunds will allowHouston Lake Mining to carry out this winter's drill programsslated forthe Dubenski and Dogpaw Lake properties of our West Cedartreegold project.The goal of these programs is building gold resources towardthejustification of an onsite mill."

All securities issued in connection with this financinghave a hold periodof four months that expires on March 15, 2008. A finder'sfee of $20,000and 28,572 Broker Warrants will be payable to Max Capitalupon regulatoryapproval. Each broker warrant is exercisable at a priceof $0.70 into onecommon share for a period of two years. Finder's fees total8% of thegross proceeds and broker warrants are 8% of the portionof the privateplacement raised by Max Capital.

About Houston Lake Mining Inc.

Houston Lake is an advanced exploration, vertically integratedresourcecompany. The Company is actively exploring for gold, platinumgroup metalsand rare metals in northwestern Ontario with a strategicfocus on the WestCedartree gold project. Houston Lake's objective in theshort term is tobecome a gold producer by surface mining its West Cedartreegold projectand developing its 100% owned and optioned properties. TheCompany has atotal of 26,850,859 common shares issued and outstanding,inclusive of theannounced financing. For additional information, pleasevisit us at.

The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of this release.This releaseincludes certain statements that may be deemed "forward-lookingstatements." All statements in this release, other thanstatements ofhistorical facts, that address future production, reservepotential,exploration drilling, exploitation activities and eventsor developmentsthat the Company expects are forward-looking statements.Although theCompany believes the expectations expressed in such forward-lookingstatements are based on reasonable assumptions, such statementsare notguarantees of future performance and actual results or developmentsmaydiffer materially from those in the forward-looking statements.Factorsthat could cause actual results to differ materially fromthose inforward-looking statements include market prices, exploitationandexploration successes, continued availability of capitaland financing, andgeneral economic, market or business conditions. Investorsare cautionedthat any such statements are not guarantees of future performanceand thoseactual results or developments may differ materially fromthose projectedin the forward-looking statements. For more informationon the Company,Investors should review the Company's registered filingswhat are availableat .

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