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

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 Li₂0 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)

^{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 Li₂0
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

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that address future production, reserve potential, exploration drilling,
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on reasonable assumptions, such statements are not guarantees of future
performance and actual results or developments may differ materially
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actual results to differ materially from those in forward looking
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actual results or developments may differ materially from those
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Houston Lake Mining

Henry J. Kloepper, +001 705.897.7622

CEO

F.
+001 705.897.7618