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Last updated on April 16, 2014 at 1:21 EDT

Douglas Lake Minerals Provides Updates on Recent Trip to China and Its Mkuvia Gold Property

November 12, 2008

VANCOUVER, Nov. 12 /PRNewswire-FirstCall/ — The Company (OTCBB: DLKM.OB) (Frankfurt:D60), is pleased to provide updates on the ongoing development of the Mkuvia gold project as well as the Douglas Lake’s/Tanzanian delegation’s meetings in China recently.

Douglas Lake/Tanzanian Delegation

Douglas Lake’s President and CEO Harp Sangha was joined by a number of senior Tanzanian officials for meetings in The Peoples Republic of China. The purpose of the trip was to follow up on recent visits to Tanzania by officials from TIGMR and discuss how TIGMR, Douglas Lake Minerals, and the Republic of Tanzania can further work together to develop the vast mineral potential in Tanzania.

The Delegation met with senior officials from TIGMR, The China Geological Survey, China Railway Resource Co. and several mining companies. Several major projects were tabled; Douglas Lake will provide detailed disclosure once any deals have been finalized.

Mkuvia Gold Project:

There are now approximately 50 skilled and unskilled personnel working on Douglas Lake’s Mkuvia Gold Project including Tanzminex’s crew. To date over 200 pits have been dug, each 10 meters in depth. The pitting program has now outlined the length and width of the gold mineralization envelope as being 6 km by 29 km by 10 meters in depth, all of which remains open. Although the channel sampling program done during the summer helped identify the size of mineralization envelope by the process of digging the pits, Tanzminex has informed management that the size of each channel sample were too small to give meaningful grade results. Tanzminex’s field staff have therefore processed samples from 111 pits each sample being greater than or equal to 100 litres (100 litres=Approx. 150 to 180 kgs). Each sample was processed with the Knelson Concentrator, the concentrate has been sent to Tanzminex’s lab in Arusha for testing.

Ten samples were tested on site (results below). Due to the fineness of the gold it is impossible to get an accurate grade as the gold content was tested only on what was visible to the naked eye. Although much of the gold content is being missed (the concentrate will have to be fire assayed) the results range from 0.18 g/t to 1.98 g/t with an average grade of 1.01 g/t, the economic cutoff grade being at 0.20 g/t.

   -------------------------------------------------------------------------                  UTM        UTM                       Volume     Weight   Pit ID         East      North      RL       EOP      (L)      Au (g)   -------------------------------------------------------------------------   MBPT0021      363000    8856800    581       4.0      390      0.035   -------------------------------------------------------------------------   MBPT0034      363500    8856550    574       2.0       90      0.048   -------------------------------------------------------------------------   MBPT0035      363500    8856500    574       3.0      120      0.119   -------------------------------------------------------------------------   MBPT0041      363500    8856200    580       5.0      160       0.09   -------------------------------------------------------------------------   MBPT0103      361492    8857352    602       3.5      120      0.045   -------------------------------------------------------------------------   MBPT0109      362493    8857045    580       5.0      120      0.073   -------------------------------------------------------------------------   MBPT0110      362487    8857095    579       2.8      140      0.047   -------------------------------------------------------------------------   MBPT0112      362520    8857202    582       5.0      110      0.046   -------------------------------------------------------------------------   MBPT0113      362488   88572258    584       3.0      110      0.103   -------------------------------------------------------------------------   MBPT0121      362503    8857358    586       4.0      130      0.029   -------------------------------------------------------------------------     -------------------------------------------------------------------------                                                        Grade     Grade   Pit ID      Sample ID     From      To      Width    g/Lcm      g/t   -------------------------------------------------------------------------   MBPT0021     DK08024      3.00     5.00      2.00     0.09      0.18   -------------------------------------------------------------------------   MBPT0034     DK08048      1.00     2.00      1.00     0.53      1.06   -------------------------------------------------------------------------   MBPT0035    DK08050B      2.00     3.30      1.30     0.99      1.98   -------------------------------------------------------------------------   MBPT0041     DK08062      3.00     5.00      2.00     0.56      1.12   -------------------------------------------------------------------------   MBPT0103     DK08009      2.60     3.20      0.60     0.37      0.74   -------------------------------------------------------------------------   MBPT0109     DK08005      3.00     4.10      1.10     0.61      1.22   -------------------------------------------------------------------------   MBPT0110     DK08070      2.00     2.60      0.60     0.33      0.66   -------------------------------------------------------------------------   MBPT0112     DK08073      1.00     2.00      1.00     0.41      0.82   -------------------------------------------------------------------------   MBPT0113     DK08075      2.00     3.00      1.00     0.93      1.86   -------------------------------------------------------------------------   MBPT0121     DK08080      0.00     3.00      3.00     0.22      0.44   -------------------------------------------------------------------------   

The exploration program on the Mkuvia Gold Property remains on track to begin production in 2009.

About Douglas Lake

DLKM is an emerging mineral exploration company focused on exploring and developing mining opportunities in Tanzania. The Company has a large portfolio of gold, copper, nickel, uranium and diamond prospecting licenses.

The Douglas Lake Minerals Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4345. For more information, go to http://www.douglaslakeminerals.com/.

This release contains forward-looking statements, which involve risks and uncertainties. Complete forward-looking statement available at http://www.douglaslakeminerals.com/forwardlooking.html.

Douglas Lake Minerals

CONTACT: Pacific IR Corp., 415-119 W. Pender St., Vancouver, BC, V6B1S5, Tel: (604) 734-7026, Toll free: 1-866-734-7026, Email:info@pacificircorp.com, Website: http://www.pacificircorp.com/