Houston Lake Mining Announces $516,000 Financing

Sudbury, Ontario CANADA, October 29, 2013 /FSC/ - Houston Lake Mining Inc. (HLM - TSX Venture), is a mining exploration company which is actively exploring for rare metals lithium, and tantalum and is currently advancing its 100% owned and optioned PAK Rare Metals Project in northwestern Ontario, Canada. HLM is proposing a non-brokered private placement offering of up to a maximum of 10,320,000 common shares ("Common Shares") of the Company.

The Common Shares are to be issued under a unit offering whereby up to a maximum of 10,320,000 units ("Units") at a subscription price of $0.05 per Unit are to be offered. Each Unit shall consist of one (1) Common Share of the Company and one (1) share purchase warrant (the "Warrant") (each full Warrant shall entitle the holder thereof to purchase one (1) additional common share of HLM at an exercise price of $0.10 for an 18 month period from closing (the "Offering").

All of the Shares and Warrants issued pursuant to the private placement are subject to a 4-month hold period. Completion of the private placement is subject to the final approval of the TSX Venture Exchange. Proceeds from the financing will be used to advance Houston Lake's 100% owned and optioned PAK Rare Metals project located in northwestern Ontario, and for general working capital purposes.


About the PAK Rare Metals Project

The PAK Rare Metals Project lies between two geological sub-provinces in northwestern Ontario. The deposit is a LCT (lithium, cesium, tantalum) classified pegmatite. These types of deposits have been the principal source of hard rock lithium, tantalum, rubidium and cesium ores mined in the world.

6 diamond drill holes totalling 1,000 metres, were drilled by HLM on the Pakeagama pegmatite in 2013. Resulting from drilling, the Pakeagama pegmatite maintains a 250 metre strike length, a width varying from 45 to 125 metres with an assumed sub-vertical orientation of the pegmatite body. Highlights from diamond drilling include high grade lithium and tantalum up to 4.22% Li2O over 18 metres and 236 ppm Ta2O5 over 19 metres in two distinct pegmatite zones. An initial National Instrument ("NI") 43-101 compliant mineral resource estimate has commenced and is expected to be completed by the end of November 2013.


About Houston Lake Mining Inc.

HLM's goal is to become a fully integrated lithium and tantalum producer by targeting the growth as a result of the shift towards electric/hybrid vehicles and high quality consumer electronics through the development of the PAK Rare Metals Project in Ontario, Canada. Combined, HLM's Board of Directors and Management have over 255 years of exploration and mining experience in order to facilitate the Company's goal of becoming a raw material supplier of the elements required for the pursuit of sustainable energy, and other applications in high-tech electronics and metal alloys.

HLM has a total of 76,665,695 common shares issued and outstanding (exclusive of this financing). For additional information, please visit www.houstonlakemining.com.



Company Contact Information

Houston Lake Mining Inc.
Trevor R. Walker, President
2736 Belisle Drive
Val Caron, ON.
P3N 1B3 CANADA

Henry Kloepper, CEO
T. +001 416.520.0187

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 http://www.sedar.com