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Mountain Lake Resources Inc.

03:34 PM EST - Mountain Lake Resources Inc. : announced the intersection of a wide interval of gold mineralization in the northeast section of the Leprechaun Gold Deposit on the Valentine Lake Property in Central Newfoundland. Drill hole VL-11-288 intersected 2.09 grams per tonne (g/t) gold (Au) over 65.6 metres (m) including 16.50 g/t Au over 3.2m and 76.0 g/t over 0.8m. Additional new gold mineralization was intersected in hole VL-11-287 with 9.38 g/t Au over 7.2m including 16.68 g/t Au over 4m, and in VL-11-289 with 2.59 g/t Au over 8.8m. Mountain Lake Resources Inc. shares V.MOA are trading up $0.045 at $0.50.