HLM Enters Definitive Agreement with Coventry Resources for the Sale of the West Cedartree Gold Project

Houston Lake Mining Inc. (TSX.V: HLM) ('HLM?), today announced
that it has signed a definitive agreement to sell with selling 100%
interest in its 1,675 hectare West Cedartree Gold Project to Coventry
Resources Limited (TSX.V: CYY, ASX: CYY) ('Coventry?) who owns the
Cameron Gold deposit, located 12km away, as well as their Rainy River
Project located 80km away. Under terms of the agreement, HLM will
receive total consideration currently valued at approximately $1.22
million, allocated as follows (all currency amounts in Canadian dollars,
unless otherwise indicated):

• 
  $100,000 in cash, on execution of the binding Heads of Agreement
  (completed);
  

• 
  $400,000 in cash, on execution of a Definitive Sale and Purchase
  Agreement (the 'Agreement?),
  

• 
  1.935 million Coventry shares, representing 2.8% of the outstanding
  shares of Coventry, (on execution of the Agreement) with a current
  value of approximately $716,000. Coventry shares closed on the TSX.V
  at CAD$.37 on January 11, 2013); and,
  

• 
  A 2.5% net smelter return ('NSR?) royalty on the West Cedartree Claim
  Block, representing 20% of the West Cedartree Gold Project′s total
  area, including the newly discovered Robertson Prospect. The NSR will
  not have a buy-back clause, however should HLM seek to sell the
  royalty, Coventry will maintain the first right of refusal.
  

'HLM is very pleased to have taken a significant step with such an
aggressive, capable and well respected exploration company as Coventry
and believe that they have the desire and expertise to advance their
project to the benefit of both companies, and the West Cedartree Gold
Project,? said Henry J. Kloepper, CEO of HLM. 'Coventry′s significant
Cameron Gold deposit, coupled with their strong financing capabilities
provide the opportunity for HLM shareholders to capture value with cash
and liquid assets in order to focus on our Pakeagama Rare Metals Project
in Northwestern Ontario; to retire some outstanding debt; and to
continue to participate in the upside of their Cameron Gold and Rainy
River Projects.?

AboutHouston LakeMiningInc.

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.

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.

Houston Lake Mining Inc.

Henry J. Kloepper, +001 705.897.7622

CEO

fax:
+001 705.897.7618