FSC / Press Release

HOUSTON LAKE REPORTS THIRD QUARTER RESULTS

Sudbury, Ontario CANADA, February 14, 2008 /FSC/ - Houston Lake Mining Inc. (HLM - TSX Venture, HLKMF - OTCBB_Pink_Sheets), an advanced exploration company actively seeking gold, platinum group metals and rare metals in northwestern Ontario, today released its report for the fiscal 2008 third quarter ended December 31, 2007.

Third Quarter Highlights

* High grade gold assay values returned from McLennan Zone channel
sampling
* Detailed aerial survey of all 8 properties comprising West Cedartree
gold project
* Two new gold-bearing vein systems defined in stripping at Dogpaw Lake
property
* WGM designs $602,000 exploration program for Dubenski property
* High grade gold assay values returned from Dogpaw No. 2 Vein
* $1 million raised in two flow-through share financings
* $179,860 raised via 100% exercise of share purchase warrants
* Current assets totaled $1.6 million at December 31, 2007

Subsequent To Third Quarter
* 5,000-metre winter exploration program begins at Dubenski & Dogpaw Lake
* First drill samples from winter drill program forwarded for fire assay
* Houston Lake Mining regains 100% ownership of Tib Lake property
* Spectral induced polarization survey begins at Dubenski property

"During the third quarter we made substantial progress in exploration, mapping, strategic planning and finance," said E. Grayme Anthony, President and CEO.

The Company also continued exploring gold zones at its West Cedartree project. Channel sampling at the McLennan Gold Zone intersected high grade samples as well as exposed an intercept that assayed 4.19 g/mt gold over 3.65 metres. Stripping at Dogpaw Lake led to the rediscovery of two old gold vein systems (No. 2 and No. 4). Channel samples from the No. 2 Vein returned intercepts averaging 5.0 g/mt gold over a width of 2.93 metres extending for a strike length of 72.0 metres. Samples from the No. 4 vein averaged 3.58 g/mt for a width of 2.80 metres over a strike length of 32.0 metres.

"The newly exposed extent of Dogpaw Lake No. 2 Vein and No. 4 Vein is a very exciting development," said Mr. Anthony. "If these systems are indeed the lateral extensions of the No. 1 Vein, that would have very positive implications for building additional tonnage at Dogpaw."

Watts Griffis and McOuat (WGM), Toronto-based geological advisors, designed an ambitious exploration program for the Dubenski property. The firm recommended a $602,000 drill program targeting the Dubenski Shaft Zone. A total of 5,000 metres is scheduled for this winter with the aim of upgrading historic resource data to modern standards. Drilling will focus first on the Dubenski Shaft Zone, followed by Dogpaw No. 1 Vein. The new drilling data will complement an ongoing audit of 1997 drill cores from the same Dogpaw site.

During the third quarter, Houston Lake completed a mapping project that involved a detailed aerial survey of the eight properties that comprise the West Cedartree gold project. The results provided accuracy and detail that will be utilized in further exploration activities. The maps also provide sufficient detail to be used in the event West Cedartree is developed into a gold mine.

To finance the work, during the third quarter Houston Lake completed two non-brokered private placements of flow-through shares totalling $1 million. In addition, $179,860 was raised via investors exercising 100% of share purchase warrants.

At December 31, 2007, Houston Lake's cash, cash equivalents and receivables totaled $1.6 million. There was no long-term debt, and current obligations totaled $185,252, of which $134,134 is owed to parties related to the company. Houston Lake's rate of cash consumption is approximately $25,000 per month, which means the company's current cash resources are sufficient to meet anticipated outlays for nearly a year.

Subsequent Developments

Subsequent to the third quarter, Houston Lake began the WGM-designed drilling program on January 15, 2008. The first section consisted of four drill holes that were completed by January 31. A total of 82 drill core samples were forwarded for fire assay and results are pending.

In addition, Houston Lake is seeking to gauge the potential extension of the Dubenski gold system to depths past the current exploration data limit of 100 metres. For that purpose, Matrix GeoTechnologies Ltd. of Toronto has been contracted to conduct a 23-kilometre spectral IP/resistivity survey that will test responses as deep as 400 metres. The work began in early February.

Also in the fourth quarter of fiscal 2008, Houston Lake is awaiting a final report from Magma Metals Ltd. before evaluating the Company's strategic alternatives. The Australia-based company exercised its right to terminate its option on the Tib Lake PGM property, located near Thunder Bay, Ontario. As a result, Houston Lake regained 100% ownership of this promising property.

Outlook

During the final quarter of fiscal 2008, Houston Lake will continue to diamond drill at two of its main West Cedartree gold targets - Dubenski Shaft Zone and Dogpaw No. 1 Vein.

"Houston Lake is entering an exciting new phase of development," said Mr. Anthony. "Our aggressive exploration program at West Cedartree is providing promising results that provide the basis for further exploration. Once we upgrade our data on these zones to NI 43-101 standards, we plan to combine them into a pre-feasibility study that seeks to justify an onsite mill."

About Houston Lake Mining Inc.

Houston Lake is an advanced exploration, vertically integrated resource company. The Company is actively exploring for gold, platinum group metals and rare metals in northwestern Ontario with a strategic focus on the West Cedartree gold project. Houston Lake's objective in the short term 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 27.4 million common shares issued and outstanding. For additional information, please feel free to visit us at www.houstonlakemining.com.

Contact Information

Houston Lake Mining
E. Grayme Anthony P.Geo., MBA
Fax: 705-897-7618 Tel: 705-897-7622
ganthony@vianet.on.ca

Linx Partners Ltd.
Bryce Bradley
President and CEO Tel: 416-666-0519