Frontier Lithium Inc V.FL

N.R.

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HOUSTON LAKE MINING RAISES $750,000 IN FLOW-THROUGH FINANCING WITH MINERALFIELDS GROUP & MAX CAPITAL MARKETS 10/16/2007 Sudbury, ON October 16, 2007 FSC / Press Release HOUSTON LAKE MINING RAISES $750,000 IN FLOW-THROUGH FINANCING WITH MINERALFIELDS GROUP & MAX CAPITAL MARKETS Sudbury, Ontario CANADA, October 16, 2007 /FSC/ - Houston Lake Mining Inc. (TSX - VX: HLM, OTCBB_Pink_Sheets: HLKMF), an advanced exploration company actively seeking gold, platinum group metals and rare metals in northwestern Ontario, is pleased to report the Company has raised $750,000 through the sale of 1,071,427 flow-through shares priced at $0.70 in a non-brokered private placement with the MineralFields Group. "The completion of this financing allows Houston Lake Mining to expand the planned drill program at the Dubenski Shaft Zone to include the Dogpaw Lake property at West Cedartree," said Grayme Anthony, President and CEO. "Our results to date have been very encouraging and the current round of drilling aims to build toward the justification of a mill at the project." The financing is subject to regulatory approval and includes the $250,000 private placement announced on August 13, 2007 in a TSX Venture Exchange Bulletin. This portion has been re-priced to $0.70 from $0.90 per flow-through common share. Proceeds from the financing will be used to advance Houston Lake's 100% owned and 100% optioned gold properties located near Sioux Narrows, Ontario. All securities issued in connection with this financing have a hold period of four months. The hold period expires on February 13, 2007. A finder's fee of $50,000 and 71,429 broker warrants would be payable to Limited Market Dealer Inc. and a finder's fee of $10,000 and 14,285 Broker Warrants would be payable to Max Capital Markets Limited of Toronto upon regulatory approval. Each broker warrant is exercisable at a price of $0.70 into one common share for a period of two years. Finder's fees total 8% of the gross proceeds and broker warrants are 8% of the private placement. About MineralFields, Pathway and First Canadian Securities(R) MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com . First Canadian Securities(r), a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group. 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 25,395,132 common shares issued and outstanding exclusive of the announced financing. For additional information on Houston Lake, visit www.houstonlakemining.com. Company Contacts: Houston Lake Mining Inc. Grayme Anthony P. Geo., MBA President and CEO Tel: [phone] Fax: [phone] [e-mail] Barnes McInerney Colin Languedoc Senior Account Executive Tel: [phone] ext. 225 Fax: [phone] [e-mail] The TSX Venture Exchange has not reviewed and does not accept 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. Source: Houston Lake Mining Inc. (TSX-V: HLM) (OTCBB Pink Sheets: HLKMF) https://www.houstonlakemining.com Maximum News Dissemination by Filing Services Canada Inc. Ph: [phone] Fx: [phone] www.usetdas.com © 2007 Stockgroup Media Inc. | Disclaimer HLM Releases SHfn Houston Lake Mining Raises $750,000 in Flow-Through Financing With MineralFields Group & Max Capital Markets HOUSTON LAKE MINING RAISES $750,000 IN FLOW-THROUGH FINANCING WITH MINERALFIELDS GROUP & MAX CAPITAL MARKETS Houston Lake Mining Inc.: Houston Lake Ships 114 Drill Core Samples for Gold Analysis Houston Lake Ships 114 Drill Core Samples for Gold Analysis HOUSTON LAKE SHIPS 114 DRILL CORE SAMPLES FOR GOLD ANALYSIS