2009-11-10 19:28:04 -

Mountain Lake Resources Inc. (TSX-V: MOA) (“Mountain Lake” or the “Company”) is pleased to report that it has commenced the initial phase of drilling on its Little River Property (the “Property”) in southern Newfoundland.

The drill program is designed to test multiple mineralized zones with strong gold +/- antimony identified in bedrock grab samples taken from the recently completed trenching program.

The highest sample values from three of the mineralized zones ranged from 6.1 grams per tonne (gpt) Au to 32.7 gpt Au averaging 15.8 gpt Au, and an additional twenty-three samples contained from 1 to 6 gpt Au. Strong antimony (Sb) values were discovered in two separate trench areas. Five samples from a 2.5 metre wide sulphide zone in the first trench ranged from 0.57% to 3.06% Sb (average of 1.6% Sb) and a sample from a pit dug 12 metres along strike contained an average of 1.31% Sb. Three samples from a 2 metre wide zone in the second trench area located 1.2 kilometres (km) to the south contained 4.6%, 5.2% and 5.5% Sb. Notably, the 5.2% Sb sample also contained 4 gpt Au. Both zones are hosted by a schistose felsic volcanic containing numerous quartz–arsenopyrite–stibnite veins as well as disseminated mineralization. See more information on antimony below.

No historic drilling has taken place in the area of the 2009 trenches and a minimum of 12 holes are planned to test the highest priority targets.

Gary Woods, P.Geo., is the Qualified Person on the Little River project, and has reviewed and verified the contents of this news release.

About Antimony


Antimony can occur in its native form, but is usually found in other minerals and most commonly in the mineral stibnite. A silvery-white crystalline metal, antimony is used to increase hardness and strength of metal alloys. Antimony and its compounds are widely used in the production of batteries, bullets, cable sheathing, flame-proofing compounds, glass, ceramics, paints, pottery and in the semiconductor industry.

According to MinorMetals.com : .

China is the world’s leading producer of antimony producing 90% of total global output in 2008; and the latest available bid price for a metric tonne of antimony (99.6% pure ingot) is US$ 6,300 or US$ 2.86 per pound as compared to the latest spot price for copper of US$ 2.94 per pound.

Last month, Hunan Nonferrous Metals Corp., the largest integral metals producer in China by production volume excluding aluminum, acquired 100% of Newfoundland’s Beaver Brook Antimony Mine. Beaver Brook is the only primary antimony mine operating in the United States or Canada and is located near Gander ~150 km north of the Little River Property.

About the Little River Property


The Little River Property consists of 448 mining claims comprising 11,200 hectares over a strike length of ~33 km in the Baie D’Espoir area of southern Newfoundland. The Property is close to local population centres, is cross cut by major power lines, and can be accessed by way of the Bishop Falls to Harbour Breton highway and secondary roads and trails that exist on the Property. Mountain Lake has an option to earn a 100% interest in the Property.

About Mountain Lake Resources Inc.


Mountain Lake Resources Inc. (TSX-V: MOA) is a diversified junior mining and exploration company whose corporate strategy is to build shareholder value through the exploration and development of economically viable mineral properties. Current projects include: a 30% interest in the Valentine Lake gold project (Newfoundland) with an option to acquire the remaining 70% interest from Richmont Mines Inc.; a 100% interest in the Bobby’s Pond base metals project (Newfoundland) with an option to acquire initially a 51% interest in the surrounding claims from Cornerstone Resources; an option to earn a 100% interest in the Little River gold exploration property (Newfoundland); and a 2,350,000 share (~6.5%) stake in Etruscan Diamonds Limited, an alluvial diamond operation (South Africa).

For more information visit: www.mountain-lake.com :

ON BEHALF OF THE BOARD OF DIRECTORS


s/“Gary Woods”


President & CEO


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Lytle & AssociatesGreg Lytle,North America

toll-free: (866) 285-5817International & Vancouver: (604) 839-6946 info@mountain-lake.com : mailto:info@mountain-lake.com