Lake Victoria's Trenching to Begin Defining New Parallel Gold Vein Structures at Singida Gold Project

GOLDEN, COLORADO, Oct 05 (MARKET WIRE) --
Lake Victoria Mining Company, Inc. (OTCBB: LVCA) - Trenches are planned
to cross-cut multiple parallel to sub-parallel, gold bearing quartz veins
along the entire 5km gold mineralized strike at the Company's Singida
gold project in central Tanzania. The Singida project is the location of
a current small scale artisanal gold mining rush.

As previously reported the Company has conducted detailed geologic
mapping and ground magnetic surveys and collected detailed rock dump,
underground shaft and mine tailing samples. To date, each sequential
exploration phase has confirmed the presence of an important, early stage
gold mining location. The ground magnetic survey has identified a number
of possible parallel new vein structures along the entire previously
identified 5km gold strike length, which are not yet exposed at surface.
A number of trenches are being planned to cross-cut these possible vein
structures. The veins and structures appear to extend over a 5km length,
and at this time, at least six trenches are planned to expose possible
new veins.

Individual trenches will be oriented in northeast to southwest directions
and will allow detailed geologic mapping and sampling. The length of each
trench will depend on local conditions, but are planned to be up to 200
meters each. Following the trenching program, the Company may conduct
additional geophysical work in the way of an electrical Induced
Polarization (IP) Survey. This survey will indicate locations and targets
for drilling at depth below the existing shallow (average 50 meter)
artisanal shafts and mine workings.

Roger Newell, president of Lake Victoria said, "The Singida project
contains the gold grades and strike length that make it very attractive
and we are anxious to expose as many new veins as possible prior to
testing them at depth by drilling. If confirmed they could double or
triple our current expectations of the entire project potential. With the
gold price at about $1,000 per ounce, the Singida project appears to have
a bright future, and will add to share holder value. We look forward to
providing further project details as they become available."

About the Company

Lake Victoria Mining Company, Inc. along with its wholly owned
subsidiary, Kilimanjaro Mining Company Inc.
(www.kilimanjarominingcompany.com) is working to create another gold mine
in the world famous Lake Victoria Greenstone Belt, Tanzania, East Africa.
Tanzania produced 1.75 million troy ounces of gold during 2007 and is the
3rd largest gold producer in Africa behind South Africa and Ghana.

Additional information regarding the Company is available on the
corporate website at: www.lakevictoriaminingcompany.com.

Disclaimer

This news release may contain forward looking statements, relating to the
Company's operations or the environment in which it operates, which are
based on Lake Victoria Mining Company, Inc.'s operations, estimates,
forecasts and projections. These statements are not guarantees of future
performance and involve risks and uncertainties that are difficult to
predict, and/or beyond Lake Victoria Mining Company, Inc.'s control. A
number of important factors could cause actual outcomes and results to
differ materially from those expressed in these forward-looking
statements. Consequently, readers should not place undue reliance on such
forward-looking statements. Lake Victoria Mining Company, Inc. disclaims
any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

Contacts:
Lake Victoria Mining Company, Inc.
Dr. Roger A. Newell
303-586-1390
info@lvcamining.com
www.lakevictoriaminingcompany.com

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