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HLM Identifies Strong Tantalum Grades Up to 192 ppm Ta205 Over 14 Meters on the Pakeagama Rare Metals Project in Northwestern



  HLM Identifies Strong Tantalum Grades Up to 192 ppm Ta205 Over 14 Meters on
  the Pakeagama Rare Metals Project in Northwestern Ontario

Business Wire

SUDBURY, Ontario -- January 29, 2013

Houston Lake Mining Inc. (TSX.V: HLM), is a mining exploration company which
is actively exploring for the rare metals lithium, cesium, tantalum, and
rubidium by currently focusing on its 100% owned and optioned Pakeagama Rare
Metals Project in northwestern Ontario, Canada. HLM is pleased to announce
some of the results from its 2012 Channel Sample Program on the Pakeagama Lake
pegmatite, located at the 1,792 hectare (4,424 acre) Pakeagama Rare Metals
Project property.

In September 2012, Peter J. Vanstone, P.Geo. the qualified person for the
project, conducted a 91 sample channel sampling program on the Pakeagama Lake
pegmatite in order to confirm historical results and to add additional channel
samples while further sampling by distinct geologic zones. In addition to the
high grade lithium oxide results up to 4.74 Li[2]0 over 15 meters reported by
HLM January 10, 2013, the program has also identified tantalum (Ta), niobium
(Nb), and tin (Sn) oxides in a distinct pegmatite zone as discussed below:

1) Central Intermediate Zone (CIZ)

CHANNEL SAMPLE   ORIENTATION   LENGTH   Ta[2]0[5]       Nb[2]0[5]      Sn0[2]
                 (DEGREES)     (M)      (ppm)           (ppm)          (ppm)
PAK-12-CH001R                  14.00    192             115            131

including        226           6.00     270             179            123

also                           1.00     387             262            143
PAK-12-CH007R                  6.00     83              32             129
                 222
including                      1.00     125             89             74
                               11.60    87              34             127
PAK-12-CH019     213
                               3.10     125             42             172

^Table 1

This Central Intermediate Zone (CIZ) is located in the upper portions of the
pegmatite. It is in contact with both the Upper Intermediate Zone and Upper
Wall Zone, and persists to the southeast edge of the outcrop where it is
believed the pegmatite continues under the till cover. Channel 19 is located
in the central portion of the exposed CIZ where the zone consists of
predominantly grey K-feldspar with minor lithian mica + quartz alteration. To
the southeast the alteration process whereby the K-feldspar is altered to a
mica+quartz mixture was sampled by Channel 7R. The samples from this channel
consisted of similarly sized fragments of randomly oriented K-feldspar with
varying degrees of mica+quartz alteration. In the adjoining area to the
northeast of Channel 7R, the alteration process whereby the K-feldspars are
more or less completely replaced with a lithian mica + quartz mixture is
visible. In this area veinlets and patches of lepidolite occur. This altered
zone, as sampled by Channel 1, contains the highest tantalum grades found to
date in the exposed pegmatite.

When considering the CIZ as outlined in Table 1, the total distance between
channels 19 and 1 is approximately 35m. Overall, this zone has an exposed
surficial expression of approximately 100m in length and remains open to both
the southeast and northwest.

The Pakeagama Lake pegmatite does not currently have a resource, however the
mineralogy of the CIZ and the presence of lepidolite is similar to the CIZ
found in the Tanco pegmatite and was the main tantalum zone at the Tanco mine.
The Tanco pegmatite is located southwest of Pakeagama Lake in southeastern
Manitoba and is currently a tantalum mineral concentrate producer.

“In addition to the high-grade lithium results up to 4.74 Li[2]0 over 15
meters encountered and reported recently, these strong tantalum grades from
the program entrench the Pakeagama Lake pegmatite as a leading exploration
target for rare metals. Furthermore, HLM anxiously anticipates the pending
final results of analysis for the element of Rubidium that our pegmatite also
contains. With the data we have collected thus far, a Phase I, 1,000m diamond
drilling program has been independently recommended to the Company in order to
test the resulting targets. “, said Trevor R. Walker, President of HLM.

Due Diligence
All scientific and technical information in this release has been reviewed and
approved by Peter J. Vanstone, P.Geo. who is the qualified person under the
definitions established by National Instrument 43-101. Under HLM’s QA/QC
procedures, channels are cut with a motorized circular diamond saw, and are 4
cm wide and 10 cm deep. The channels are oriented perpendicular to the strike
of the pegmatite internal mineralogical zones and are cut continuously across
the zones. The samples are removed using a hammer and chisel. The length of a
channel is determined by the width of the pegmatite zone. Offset channels are
cut where deemed appropriate. Sample lengths typically are 1 metre but can be
less depending on zone mineralogy and boundaries. Samples are described,
placed into a poly sample bag with a numbered sample tag and then shipped to
the assay lab for quantitative analysis for select elements. All HLM samples
are currently being assayed by Activation Laboratories Ltd. with all samples
being delivered to their Thunder Bay facility. Sample blanks along with
tantalum, lithium, rubidium and cesium standard samples are routinely inserted
into the sample stream in accordance with industry best practices. At the
completion of each program, approximately 10% of the channel sample pulps are
submitted to a secondary ISO certified laboratory for assay verification.

About Houston Lake Mining Inc.
HLM is a mining exploration company that is actively exploring for the rare
metals lithium, cesium, tantalum, and rubidium by currently focusing on its
100% owned and optioned Pakeagama Rare Metals Project in northwestern Ontario,
Canada. HLM has a total of 63,019,056 common shares issued and outstanding.
For additional information, please visit www.houstonlakemining.com.

Company Contact Information
Henry J. Kloepper, CEO
2736 Belisle Drive
Val Caron, ON.
P3N 1B3 CANADA
T. +001 705.897.7622
F. +001 705.897.7618

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.

Contact:

Houston Lake Mining
Henry J. Kloepper, +001 705.897.7622
CEO
F. +001 705.897.7618
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