Douglas Lake Expands Geophysical Surveys at Magambazi and Kwandege

SURREY, BC -- (Marketwire) -- 05/12/11 --

Douglas Lake Minerals Inc. /

DOUGLAS LAKE EXPANDS GEOPHYSICAL SURVEYS AT MAGAMBAZI AND KWANDEGE

. Processed and transmitted by Thomson Reuters ONE.

The issuer is solely responsible for the content of this announcement.

Douglas Lake Minerals Inc. (the
'Company' or 'Douglas Lake') (OTCBB: DLKM) is pleased to report on
continued
exploration at its wholly owned Handeni gold project in eastern Tanzania.
The
Company is currently exploring four contiguous prospecting licenses,
totaling
800 square kilometers, which are strategically located immediately adjacent
to
Canaco Resources' Magambazi gold project.

Recent ground geophysical exploration work completed by Douglas Lake has
focused
on two areas that will be the subject of diamond drilling during 2011.
These
include the eastward extension of the Magambazi mineralization and at the
Kwandege gold prospect.

Douglas Lake recently completed a ground IP (Induced
Polarization/Resistivity)
geophysical survey over a 1.8 square kilometer surveyed grid directly east
of
the Canaco Magambazi site. The survey was conducted on a North-South grid
with
lines spaced 100 meters apart. Modeling and interpretation of the
geophysical
survey data is being performed by Spectral Geophysics. Extensive
chargeability
and resistivity anomalies were revealed by the survey and drill holes are
being
planned to investigate the source of the strong anomalies.

At present, the strong geophysical anomalies at both the Magambazi area and
at
Kwandege continue off the originally planned survey areas. Additional
areas are
now being prepared for an expanded IP work program as well as a ground
Electromagnetic (EM) survey that will help define the very high
chargeability
response.

'These results are allowing us to further define and understand the complex
structures in the area,' comments Craig Alford, PGeo, Vice President of
Exploration. 'We are very pleased by the results to date and are now
engaged in
locating the best potentially mineralized areas for drill targets.'

Douglas Lake Minerals is engaged in an aggressive exploration program in
the
Handeni District, including geochemical sampling, geologic mapping, soil
grid
surveys, ground magnetics, Electromagnetic and IP/Resistivity geophysical
surveys, as well as a planned new airborne survey and an extensive diamond
drilling program. The Company controls one of the largest land holdings in
the
district which contain multiple exploration targets.

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.

Safe Harbour 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.

Suite 500 - 666 Burrard Street, Vancouver, British Columbia, Canada V6C
3P6 T

1.604.642.6165 · F 1.604.642.6168

www.douglaslakeminerals.com · Trading Symbol: DLKM

--- End of Message ---

Douglas Lake Minerals Inc.

Unit 222 6820-188th Street Surrey, B.C. Canada

Listed: Open Market (Freiverkehr) in Frankfurter Wertpapierbörse;

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Douglas Lake Minerals Inc. via Thomson Reuters ONE

[HUG#1514882]

For further information please contact:


Douglas Lake Minerals Inc.

Sam Sangha

Investor Relations

(604) 642-6165