Douglas Lake Minerals Inc. Provides Update On Mkuvia-Mwemkuru Exploration Property...

Douglas Lake Minerals Inc. Provides Update On Mkuvia-Mwemkuru Exploration
Property in Tanzania

VANCOUVER, British Columbia, June 16, 2009 (GLOBE NEWSWIRE) -- Douglas Lake
Minerals Inc. (OTCBB:DLKM) (Frankfurt:D60.F) (the "Company") announced that it
has received a project review report (the "Report") respecting the Company's
Mkuvia Gold Placer Property (the "Property"), located in Tanzania. The Report,
dated May 27, 2009, was prepared for the Company by Ross McMaster, an
independent consultant and registered member of the Australian I.M.M. with over
30 years of relevant exploration experience. The Report details the preliminary
surveying work on the Property and outlines an Inferred Resource (volume) of
gold bearing recent alluvium and terrace alluvium as defined by the Stage 1
pitting and sampling in the Matandani prospect (of the Mwemkuru River headwater
area) that is in the range of 2.19 million loose cubic metres with an average
grade 0.3 grams of gold per loose cubic metre (g/Lcm). (A loose cubic metre is
defined as the expansion of the in situ measurement of material that once
excavated increases by a 20-30% factor that will be determined exactly in
further test work.) The inferred resource calculation is conformable to the JORC
standards.

The results of this program are based on the 528 samples taken from
approximately 155 pits which were sampled as separate horizons (sand, gravel and
cobbles) where possible that were hand dug on 500 metre spaced lines with 50
metres spaced pits. The compilation of all heavy mineral and gold results has
been completed by TMEx staff in laboratory conditions at Arusha, Tanzania, which
included separating and weighing the gold recovered from each sample where
measurable gold was observed. Samples were collected as a measured volume of
loose material (e.g, sand, gravel) and usually were 100 litres in field
estimated volume. Each sample was processed in the field using a 7.5 inch
Knelson concentrator to produce a heavy mineral concentrate. After further
hand-panning in the TMEx laboratory to reduce the concentrate, the concentrate
was dried. The gold was then the separated from all other minerals, described
and weighed to give a result in g/Lcm.

This compilation has allowed for the presentation of cross sections and
quantifiable data on 8 of the 10 sections that show the surface profiles and the
grades of recoverable gold to enable the resource calculation. TMEx is a company
controlled by Mr. McMaster.

The Property comprises four prospecting licenses (each a "PL") covering a total
area of approximately 430 square kilometers which include the outlined resource
(an area of less than approximately two square kilometres) with in an potential
paleoplacer/beach placer envelope that is estimated to be 29 kilometres long
(covering the whole length of the property) and up to 5 kilometres wide. The
Property is located in the Nachingwea District, Lindi Region of the United
Republic of Tanzania, approximately 140 kilometers west of Nachingwea town. The
Lindi Region is one of the three regions forming the Southern Zone of the United
Republic of Tanzania, the other regions being Mtwara and Ruvuma. The Mtwara and
Ruvuma regions border northern Mozambique and eastern Malawi.

The alluvial geology of the prospecting licenses is dominated by a thick
transported sedimentary paleo-placer cover generally consisting of a well
rounded and sorted pebble basal unit overlain by massive to graded orange-yellow
sand unit and all covered by white grey sand unit which covers a large part of
the area.

The reconnaissance exploration work on the project to delineate both the
resource outlined above and the potential placer envelope was completed in
2008/09 and included surface geological and regolith mapping, stream sediments
sampling, bedrock mapping and sampling and the pit sampling program outlined
above.

The existing PLs initially consisted of two prospecting licenses (the "PLs") and
one prospecting license reconnaissance (the "PLR"), which were granted to Mr.
Mkuvia Maita in 2004 and 2005 for a period of three years (for the PLs) and two
years (for the PLR). Following Mr. Maita's application for license renewal
submitted to the Ministry of Energy and Minerals in 2007, the PLR was subdivided
into two PLs, and the four resulting PLs were awarded through a Notification of
Grant on August 16, 2008 for a period of three years from the date the PLs would
be issued from the Ministry of Energy and Minerals. The Company had entered into
a joint venture agreement with Mr. Maita shortly before that time, in June 2008,
whereby the Company acquired all of Mr. Maita's rights under the PLs and the
PLR, including the right to enter, sample, drill and otherwise explore for
minerals, subject to a 3% royalty payable to Mr. Maita on any minerals that may
eventually be produced.

The Property has several overlying primary mining licenses (each a "PML") which
have mineral rights that lie within the boundaries of the Property. Generally,
PMLs represent limited mining rights which allow small scale exploitation of
minerals by local miners and must pre-date the establishment of a prospecting
license. The maximum size of the demarcated area for a PML for all minerals
other than building materials is 10 hectares. Each PML is granted for a period
of five years and is renewable, upon request. Pursuant to his joint venture
agreement with the Company, Mr. Maita is required to request the governmental
mining authorities to revoke PMLs that overlap any areas where the Company plans
to apply for a mining license.

The Report does not comply with Canadian National Instrument 43-101 Standards
for Disclosure of Mineral Projects and its Companion Policy ("NI 43-101"). NI
43-101, as it applies to the Company, provides that written disclosure publicly
made by a company of a mineral reserve, mineral resource or preliminary
assessment relating to a mineral property material to the Company must be
supported by a technical report filed with the British Columbia Securities
Commission (the "Commission") in accordance with the requirements of NI 43-101.
Accordingly, the Company has undertaken to the British Columbia Securities
Commission to file a NI 43-101 compliant technical report on the Property within
45 days from the issuance of this press release.

Cautionary Note to Investors Concerning Estimates of Inferred Resources:
Investors are advised that while the use of the term "inferred" resources is
recognized and required by Canadian regulations, the United States Securities
and Exchange Commission does not recognize them. "Inferred" mineral resources
have a great amount of uncertainty as to their existence, and as to their
economic and legal feasibility. It cannot be assumed that all or any part of an
inferred mineral resource will ever be upgraded to a higher category. Under
Canadian rules, estimates of inferred mineral resources may not form the basis
of feasibility or other economic studies. Investors are cautioned not to assume
that all or any part of inferred mineral resources will ever be converted into
mineral reserves. Investors are also cautioned not to assume that all or any
part of an inferred mineral resource exists, or is economically or legally
mineable.

The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in NI 43-101 and reviewed by
Laurence Stephenson, P. Eng., a "qualified person" under NI 43-101, who has been
engaged by the Company as an independent consultant.

About Douglas Lake

The Company is an emerging mineral exploration company focused on exploring and
developing mining opportunities in Tanzania. For more information, go to
www.douglaslakeminerals.com.

The Douglas Lake Minerals Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4345

Safe Harbor Statements

Except for the statements of historical fact contained herein, the information
presented in this news release constitutes "forward-looking statements" as such
term is used in applicable United States and Canadian laws. These statements
relate to analyses and other information that are based on forecasts of future
results, estimates of amounts not yet determinable and assumptions of
management. Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance (often, but not always, using words or phrases
such as "expects" or "does not expect", "is expected", "anticipates" or "does
not anticipate", "plans, "estimates" or "intends", or stating that certain
actions, events or results "may", "could", "would", "might" or "will" be taken,
occur or be achieved) are not statements of historical fact and should be viewed
as "forward-looking statements". Such forward looking statements involve known
and unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied by
such forward-looking statements. Such risks and other factors include, among
others, the actual results of exploration activities, the availability of
capital to fund programs and the resulting dilution caused by the raising of
capital through the sale of shares, accidents, labour disputes and other risks
of the mining industry including, without limitation, those associated with the
environment, delays in obtaining governmental approvals, permits or financing or
in the completion of development or construction activities, title disputes or
claims limitations on insurance coverage. Although the Company has attempted to
identify important factors that could cause actual actions, events or results to
differ materially from those described in forward-looking statements, there may
be other factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that such statements will prove
to be accurate as actual results and future events could differ materially from
those anticipated in such statements. Accordingly, readers should not place
undue reliance on forward-looking statements contained in this news release and
in any document referred to in this news release.

Forward looking statements are made based on management's beliefs, estimates and
opinions on the date the statements are made and the Company undertakes no
obligation to update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required by applicable
law. Such forward-looking statements reflect our current views with respect to
future events and are subject to certain risks, uncertainties and assumptions,
including, the risks and uncertainties outlined in our most recent financial
statements and reports and registration statement filed with the United States
Securities and Exchange Commission (the "SEC") (available at www.sec.gov) and
with Canadian securities administrators (available at www.sedar.com). Such risks
and uncertainties may include, but are not limited to, the risks and
uncertainties set forth in the Company's filings with the SEC, such as the
ability to obtain additional financing, the effect of economic and business
conditions, the ability to attract and retain skilled personnel and factors
outside the control of the Company. These forward-looking statements are made as
of the date of this news release, and the Company assumes no obligation to
update the forward-looking statements or to update the reasons why actual
results could differ from those projected in the forward-looking statements,
except as required by applicable law. Although the Company believes that the
beliefs, plans, expectations and intentions contained in this news release are
reasonable, there can be no assurance those beliefs, plans, expectations or
intentions will prove to be accurate. Investors should consider all of the
information set forth herein and should also refer to the risk factors disclosed
in the Company's periodic reports filed from time-to-time with the SEC.

This news release shall not constitute an offer to sell or the solicitation of
an offer to buy securities of the Company nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction.

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CONTACT: Douglas Lake Minerals Inc.
Harp Sangha
John Dahle
604-669-0203
Fax: 604-669-3645
www.douglaslakeminerals.com