VANCOUVER, May 9 /PRNewswire-FirstCall/ - The company is pleased to
announce today that it has concluded an agreement with a Tanzanian National
who holds the mineral rights to four Prospecting Licenses (PL's). The PL's
cover an area of 430 square kilometers, and are situated in Mbwemkuru in
the Lindi Region in Southeastern Tanzania.

    The area is situated in the SE margin of the Karoo Basin, where there
is an interland paleo basin comprising greater than 10 meters of gold
bearing gravel and sandy material. The property is currently in small scale
production by the current owner. One of the most significant prospects
being a 8 km by 2km block, with high gold concentrations within 1.0 and 1.5
meter zones between the gravel's and the bedrock. Another zone, a 3 by 4
kilometer block, is covered by over 9 meters thick of gravel and sandy
material from surface to bedrock. In order to determine the upside
potential pertaining to these placer deposits situated in this block a
systematic exploration program is planned to commence on June 1, 2008.

    On a recent site visit it became obvious that the area has significant
potential.


    The closing date on the transaction is on or before June 30, 2008.

    About Douglas Lake
    DLKM is an emerging mineral exploration company focused on exploring
and developing gold, copper, nickel, uranium and diamond mining
opportunities in Tanzania. DLKM has a portfolio of 51 prospecting
concessions and is negotiating to acquire an additional 80. For more
information go to http://www.douglaslakeminerals.com.

    This release contains forward-looking statements which involve risks
and uncertainties. Complete forward-looking statement available at
http://www.douglaslakeminerals.com/forwardlooking.html.

    CONTACT: Douglas Lake Minerals Inc., Suite, 1445 West Georgia Street,
Vancouver, BC, Canada, V6G 2T3, T (604) 669-0203, F (604) 669-3645, M (604)
825-1309, http://www.douglaslakeminerals.com

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