VANCOUVER, British Columbia--(BUSINESS WIRE)--Harp Sangha, CEO / President of Douglas Lake Minerals ...

1. Douglas Lake Minerals Adds 28 Gold Prospecting Licenses
to its Tanzanian Portfolio
VANCOUVER, British Columbia--(BUSINESS WIRE)--Harp Sangha, CEO / President of Douglas Lake
Minerals Inc. (OTCBB:DLKM), announced the company has finalized negotiations and closed on the
acquisition of 28 gold Prospecting Licenses (PL's), bringing the total number of 100% owned
properties in its portfolio to 33.
Many of the new concessions support ongoing mining activities by local miners similar to the
Morogoro property, making many of the new properties "advanced stage" with respect to
exploration, and in many cases, drill ready.
Home to 52 Million Ounce World-Class Gold Deposits
A number of the 28 properties are located in the Victoria Lake Archean Greenstone belt, which
currently hosts 52 million ounces of proven and probable gold reserves from active mining
operations including Anglo Gold Ashanti's Geita and Barrick's Bulyanhulu mines. The other
properties are located in a new discovery area in North East Tanzania Where Douglas Lake has it's
existing properties, Ashanti SW, Kilometer 7, and Morogoro.
From CEO Harp Sangha's perspective, "As we continue to build our portfolio of highly selective
Prospecting Licenses in Tanzania, it has become clear to us that our strategic alliance with Canaco
Resources has been a very good business decision. Canaco not only provides technical expertise with
the vetting of new properties, they are well financed and ready to execute an aggressive exploration
program which adds significant value to Douglas Lake's portfolio."
"The addition of these 28 concessions is an important part of executing Douglas Lake's business plan
of becoming the largest owner of mining concessions in mineral-rich Tanzania," said Harp Sangha.
"Our royalty-based business plan calls for acquiring 100% ownership in over 100 mining
concessions. Initially we will receive revenue from our joint-venture partnership with other
exploration companies. As our partners develop these mines, our revenues will also flow from
ownership and carried interest in each mine."
Due Diligence on 60 More Properties
Douglas Lake is also continuing to do its legal and geological due diligence on an additional 60 gold
prospect mineral exploration properties in Tanzania -- a country which is considered by mining
industry experts to host one of the world's fastest growing mining exploration sectors.
Royalty-based Mining Successes
Royalty-based mining companies were popularized by http://www.california-gold-rush-miner.us such
mining successes as Euro and Franco Nevada, and more recently by Tanzanian Royalty Exploration
Corporation (AMEX TRE), which trades at a market cap of approximately US$500 million compared
to Douglas Lake's US$17 million. Royalty-based public companies traditionally trade at a premium
compared to other publicly-traded mining and exploration companies. This is primarily because
shareholder dilution is minimized as exploration risks and costs are largely borne by joint-venture
partners.

2. Full Report Available http://www.california-gold-rush-miner.us/california-gold-rush-miner/ At:
http://www.investornewsalerts.com/DLKM100306pr.html
Exploration Video Available At:
http://www.investornewsalerts.com/index_player_dlkm.html
About Douglas Lake Minerals, A Royalty-Based Company
Our vision at Douglas Lake Minerals is to focus on exploring and developing gold, copper, nickel,
uranium and diamond mining opportunities in Tanzania, a http://www.gold.org/ country with vast
amounts of undeveloped mineral-rich natural resources. We are exploring and developing our large
portfolio of prospecting concessions through royalty-based joint venture partnerships. Our strategy
is to provide investors with considerable upside potential while minimizing future shareholder
dilution through our royalty partnerships (www.douglaslakeminerals.com).
NOTE: No Exchange has either approved or disapproved the information contained herein. This
news release many contain forward-looking statements based on assumptions and judgments of
management regarding future events or results that may prove to be inaccurate as a result of
exploration and risk factors beyond its control; and actual results may differ materially from
expected results. The Company will not update forward-looking statements as conditions change.
Factors that could cause actual results to differ materially from the Company's expectations are
disclosed in the Company's quarterly and other periodic filings with the SEC.
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Prospecting