Douglas Lake Minerals Updates on Handeni Project in Tanzania

Douglas Lake Minerals Inc. (OTCBB:DLKM) (FRANKFURT:D60) has provided an update regarding its recently acquired Handeni Project which is located in the rapidly developing region of eastern Tanzania.

Douglas Lakes' 100% owned Handeni Project consists of four prospecting licenses covering approximately 800 km² which are directly adjacent to, and partly surround, Canaco Resources Inc's (V.CAN) 200 km² Kilindi license which holds the Magambazi gold mineralization occurrence.

Douglas Lake Successfully Delineates Structural Controls
on Gold Mineralization in the Four Handeni Project PLs

The Company has provided the results of the recent exploration program conducted on PLR PLR4973/2008, subsequently subdivided into four PL's (PL6742/2010, PL6743/2010, PL6744/2010 and PL6779/2010), based on the outcomes of the first phase of the continuous exploration program conducted since 2008. This exploration phase included a fixed-wing aircraft flown aeromagnetic and radiometric survey at a line spacing of 200m and a height of 80m, subsequent interpretation of data and ground follow-up. The survey and interpretation was conducted according to internationally accepted standards by the Council for Geoscience, South Africa.

Interpretation of aeromagnetic data was successful in delineating prominent structural features including NW-SE shear zones of which five in the Company's property area, with a total length of 143km, are given first order priority. These shear zones and their distances within the Company's properties are: 1 – Southwestern shear zone (31km); 2 – Kimamba shear zone (41km); 3 – Kilima Mzinga – Kwandege main shear zone (28km); 4 – Mligazi shear zone (15km); and 5 - Magambazi – Mjembe (28km) shear zone. The Company has identified three further key elements in the delineation of gold mineralization which includes the prominence of NE-SW lineaments (seven in total), the role of SW to NE thrust planes and the use of radioelements to outline potential target areas. Three major SW to NE thrusts planes were also identified: a main thrust zone of 46km; and two additional thrusts zones of 5km and 3km each. In addition to the key elements sheath folding, open folds (2km to 10km scale) and boudinage provide additional targets with a second order priority.

The position of regional gold mining activities, as well as known gold mineralization occurrences, were utilized to test the Company's developed model for locating gold mineralization and this approach proved to be successful. Following from this the Company considers the Kilima Mzinga – Kwandege shear zone, with a distance of 28km in PL6742, PL6779 and PL6744 as one of their primary targets, substantiated by the artisanal mining activities along the northwestern and southwestern outcrop area of the shear. In addition to the shear component along the Kilima Mzinga – Kwandege shear zone, a considerable SW to NE thrust component acted along a 25km long stretch of the shear within the Company's property adding to the gold mineralization potential of this zone based on the current model.

Harp Sangha, the Company's CEO, stated: "We are confident that the model developed based on the first exploration phase provides a substantial platform for understanding gold mineralization in the prospecting licenses as exemplified by the success with which the model predicts and outlines existing and known gold anomalies". Phase two of the exploration program focused on the identified potential zones during an intensive stream sediment and soil sampling program. The results will be released in due course.

The Company has requested a geologist to prepare a Technical Report on the Handeni Project in accordance with the provisions of National Instrument 43-101 ("NI 43-101") of the Canadian Securities Administrators.

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and has been reviewed by Reyno Scheepers, Ph.D., Pr.Sci.Nat, Director of Exploration and a director of the Company, a QP under NI 43-101.