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Houston Lake Mining Announces Closing of First Tranche of a $200,000 Flow-Through Financing

Sudbury, Ontario –August 14, 2012 - Houston Lake Mining Inc. (TSX.V: HLM), is a mining exploration company which is actively exploring for rare metals and currently focusing on its 100% owned and optioned Pakeagama Rare Metals Project in northwestern Ontario, Canada. HLM today reported the closing of a non-brokered private placement offering of 2,000,000 units ("Units") of the Company priced at $0.05 per Unit, for total gross proceeds of $100,000.

Each Unit consists of one (1) Common Share of the Company (to be issued on a "flow-through" basis pursuant to the Income Tax Act (Canada) (a "Flow-Through Share") 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 $0.12 for a 24 month period from closing (the "Offering").

All of the Flow-Through Shares and Warrants issued pursuant to the private placement are subject to a 4-month hold period. Proceeds from the financing will be used to advance Houston Lake’s 100% owned and optioned Pakeagama Rare Metal project located in northwestern Ontario.

In connection with the Offering, the Company issued a finder’s fee in the aggregate amount of $5,000 and 100,000 finder options (5% of the total number of Units sold under the Offering). Each finder option is exercisable at an exercise price of $0.12 into one Common Share and one Warrant for a period of two years from closing.

The Company intends to raise an additional $100,000.00 as part of this financing for total flow through proceeds of $200,000.

About Houston Lake Mining Inc. HLM is a mining exploration company that is actively exploring for the rare metals cesium, tantalum, lithium and currently focusing on its 100% owned and optioned Pakeagama Rare Metals Project in northwestern Ontario, Canada. HLM has a total of 56,119,056 common shares issued and outstanding. For additional information, please visit:
www.houstonlakemining.com.

Company Contact Information
Henry J. Kloepper, CEO
2892 White Street
Val Caron, ON.
P3N 1B2 CANADA
T. +001 705.897.7622
F. +001 705.897.7618