Mountain Lake to Proceed with 7,000 Metre Drill Program on Glover Island Gold Project in West-Central Newfoundland

Mountain Lake Resources Inc. (TSX-V: MOA) ("Mountain Lake” or the "Company”) is pleased to report that the Project Environmental Assessment Registration for its Glover Island Property filed with the Newfoundland and Labrador Department of Environment & Conservation has been reviewed and released, and the Company may now proceed with the summer/fall drilling and exploration program planned for the Property.

"The prompt attention the Newfoundland and Labrador Departments of Natural Resources and Environment & Conservation have given our Glover Island Project Registration is sincerely appreciated. We will continue to consult with Provincial and Federal conservation specialists throughout our exploration efforts on Glover Island to ensure we meet and exceed environmental standards,” said Gary Woods, President and CEO of Mountain Lake.

About the Glover Island Property:

• Last October Mountain Lake acquired a 100% interest in this Property, which is located on the south-central portion of Glover Island and consists of two mineral licenses and one mining lease covering a total of 5,100 hectares
• The Property is host to several significant gold prospects over an 11 kilometre (km) strike length. Significant drill intercepts include 16.7 metres (m) of 5.31 grams per tonne (g/t) gold (Au) at the Lunch Pond South East Prospect, 10m of 4.93 g/t Au at Kettle Pond South, and 8.0m of 10.18 g/t Au at the Lucky Smoke Deposit
• Historical resources have been calculated (V.A. French, MSc, PGeo, 1994) for three areas of the Property: Kettle Pond South - 450,000 tonnes at 2.3 g/t Au for 33,276 troy ounces (oz); Lunch Pond South Main Zone - 2,730,000 tonnes at 2.1 g/t Au for 184,321 oz; and Lunch Pond South West Zone - 900,000 tonnes at 1.6 g/t Au for 46,297 oz. Visit the Mountain Lake website to see a plan view of the Property and gold prospects: http://www.mountain-lake.com/GI-PlanView.jpg
• Preparations are underway for a 7,000m drill program that will include upgrading the historical resources to National Instrument 43-101 compliance and the drill testing of several highly prospective, undrilled, targets where near surface gold mineralization has been identified. The program will commence upon the completion of the drill campaign Mountain Lake has in progress on its Little River gold–antimony property.
• Notably, most of the exploration work on the Glover Island Project was conducted prior to 1995 with the exception of eight holes that were drilled in 2003 when the price of gold averaged US$ 350 per ounce for the year.

Cautionary Statement: A qualified person has not done sufficient work to classify the historical estimate above as current mineral resources. Mountain Lake is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

Gary Woods, P.Geo., is the Qualified Person on the Glover Island Property, and has reviewed and verified the contents of this news release.

About Mountain Lake Resources Inc.

Mountain Lake Resources Inc. (TSX-V: MOA) is a diversified junior exploration company, whose corporate strategy is to build shareholder value through the exploration and development of economically viable mineral properties all located on the pro-mining island of Newfoundland. Mountain Lake’s current projects include: a 50% interest in the Valentine Lake gold property (drilling in progress) under the joint venture with Marathon Gold Corp.; a 100% interest in the Glover Island gold exploration property (drilling this quarter); an option to earn a 100% interest in the Little River gold-antimony exploration property (drilling in progress); a 100% interest in the Bobby’s Pond base metals property. For more information visit: www.mountain-lake.com

ON BEHALF OF THE BOARD OF DIRECTORS
s/"Gary Woods”
President & CEO

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