Gold

Mountain Lake Resources Inc. (TSXV:MOA) reported an indicated resource of 993,000 tonnes @ 1.72 g/t Au for 54,700 ounces gold, and an inferred resource of 1,703,000 tonnes @ 1.59 g/t Au for 87,300 ounces gold for the Lunch Pond area of its 100% owned Glover Island Gold Property in western Newfoundland.  

Mountain Lake Resources Inc. (TSXV:MOA) intersected multiple intervals of high-grade gold in the latest batch of 2012 drill results from the Leprechaun Gold Deposit area of the Valentine Lake Property in central Newfoundland.

Mountain Lake Resources Inc.(TSXV:MOA) announced the completion of its winter drill program at the Glover Island gold project. Drilling was completed on the Lunch Pond extension deposit area of the property and completes the phase drill program at the property.

Mountain Lake Resources Inc.(TSXV:MOA) announced the latest resource estimate for the Leprechaun gold deposit. The company received an updated NI 43-101 resource estimate for the joint venture project.

Mountain Lake Resources Inc.(TSXV:MOA) announced the resignation of its president Gary Woods today. Mr.Woods also served as Chief Executive Officer and Director of Mountain Lake Resources Inc. The Company announced replacements for all three positions.

Three drills are turning with 40,000m of drilling planned in 2012 to expand the Mountain Lake Resources Inc. (TSXV:MOA) Leprechaun Gold Deposit along strike to southwest into the J. Frank Zone and northeast into the Sprite Zone.

Mountain Lake Resources Inc.(TSXV:MOA) reported that it has entered into a definite agreement with SG Spirit Gold Inc. to sell its Bobby's Pond base metals project.

Drilling has resumed at the Mountain Lake Resources Inc. (TSXV:MOA) 100%-owned Glover Island Gold Property in western Newfoundland. A total of 2,500 metres of drilling is planned this quarter in the Lunch Pond South East Prospect (LPSE) area, the purpose of which is to follow-up the 7,227 metre program completed last month where thick intervals of gold mineralization continue to be encountered and undercut holes are demonstrating that gold mineralization continues and remains open at depth.  

Drilling is underway at the Mountain Lake Resources Inc. (TSXV:MOA) Valentine Lake Property in Central Newfoundland, with two drill rigs currently turning and a third drill rig to be added before the end of the month.  

Drilling at Mountain Lake Resources Inc.'s (TSXV:MOA) 100% owned Glover Island Project in western Newfoundland continues to encounter thick intervals of gold, and undercut holes are demonstrating the gold mineralization continues and remains open at depth.