TMX group

Sep. 30, 2009 (Filing Services Canada) -- Houston Lake Mining Inc. (HLM - TSX Venture, HLKMF - OTCBB_Pink_Sheets), is pleased to report it has closed a $325,000 first tranche of a $500,000 hard dollar private placement. The financing will be used for working capital purposes to advance exploration activities at its West Cedartree Gold Project in Ontario.

The funds were raised through the sale of 1,300,000 units priced at $0.25 per unit in a non-brokered private placement, subject to regulatory approval. Each unit consisted of one common share and one half common share purchase warrant. Each whole warrant is exercisable into one common share at an exercise price of $0.40 for 12 months and $0.50 for 24 months from the closing date of September 29, 2009.

Proceeds from the offering will finance ongoing exploration activities at Houston Lake's 100% owned and 100% optioned gold properties near Kenora, Ontario. The Company has eight contiguous properties that comprise its West Cedartree Gold Project. In April, management concluded a highly successful winter diamond drill program at the Dubenski property. The results are currently being compiled into a NI 43-101 report that seeks to update a resource calculation completed in January of 2009. Surface exploration continues at the neighbouring McLennan and Dogpaw Lake properties.

"With the closing of this financing we are well positioned to continue our aggressive exploration at West Cedartree," said Grayme Anthony, President and CEO. "W are continuing to expand the potential of the Angel Hill and Dogpaw gold trends and we look ahead to an updated resource calculation on the Dubenski property."

All securities issued in connection with this financing have a hold period of four months. A finder's fee of $7,125 is payable pursuant to the offering.


About Houston Lake Mining Inc.

Houston Lake is an advanced, vertically integrated resource exploration company. The Company is actively exploring for gold, platinum group metal and rare metal deposits in northwestern Ontario with a strategic focus on the West Cedartree gold project. Houston Lake's objective is to become a gold producer by surface mining its West Cedartree gold project and developing its 100% owned and optioned properties. The Company has a total of 34,657,638 common shares issued and outstanding exclusive of the announced financing. For additional information, please visit us at www.houstonlakemining.com.


Company Contacts

Houston Lake Mining In Canada: Linx Partners Ltd
E. Grayme Anthony P.Geo., MBA Wanda Cutler Tel: 416-603-4646
President and CEO
Tel: 705-897-7622
Fax: 705-897-7618 In United States: ICS
ganthony@vianet.on.ca George Duggan Tel: 818-542-6880




Forward-looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's registered filings what are available at www.sedar.com.

www.houstonlakemining.com



Source: Houston Lake Mining Inc. (TSX-V: HLM) (Pink Sheets: HLKMF) http://www.houstonlakemining.com
Maximum News Dissemination by Filing Services Canada Inc. *
www.usetdas.com