Chinese Institute Invests $6 Million in Douglas Lake Minerals



    VANCOUVER, June 2 /CNW/ - Harp Sangha, CEO/President of Douglas Lake
Minerals Inc. (DLKM-OTCBB), announced today that a consortium led by Tianjin
Institute of Geology and Mineral Resources (TIGMR) based in Tianjin, Peoples
Republic of China, has made a $6 million equity investment to be used for
project financing, as well as exploration and development of Douglas Lake's
properties in Tanzania. This will give TIGMR approximately 20% ownership in
Douglas Lake.
    The funds will come in tranches with the first $1.5 million expected
before June 10, 2008, and the balance of $4.5 million shortly thereafter. Use
of proceeds will include a final payment to close the Mbwemkuru alluvial gold
deposit in Tanzania with the balance being used to bring the project into
production and fund ongoing geological work on Douglas Lake's top five
exploration targets.
    "We are extremely pleased to have gained such an internationally renowned
and geologically experienced partner to assist in maximizing the potential of
our Tanzanian properties, which now consists of over 10,000 square
kilometers," stated Harp Sangha. "Going forward, our new partners with their
considerable industry and financial resources, will enable Douglas Lake to
aggressively explore its existing and future properties. This partnership will
enable us to bring commercially viable deposits into production, generating
near-term profits with minimum further dilution to the company's stock. TIGMR
also has access to capital, equipment, and skilled manpower that far exceeds
the resources of most mining companies worldwide."
    "We believe that Tanzania is a sleeping giant. On a global scale, it is
endowed with the right geodynamics, and on a provincial scale it has the right
history, tectonic and structural settings. With these ingredients we can
expect ongoing discoveries! The considerable effort that Douglas Lake's senior
management has made in the past three and half years to assemble their large
portfolio of properties and knowledgeable staff provides us with excellent
access to the country's resources," stated Dr. Zhang Wenqin, Vice Director of
TIGMR. "We believe the Mbwemkuru project has huge potential, and with our
capital investment, equipment and expertise in place, we will be able to
quickly determine the size of the gold reserve. This, coupled with the low
cost-of-production, makes the property a natural choice for the launch of
TIGMR and Douglas Lake's new partnership to explore and develop mining
properties in Tanzania."

    ABOUT THE INSTITUTE (TIGMR)

    TIGMR is a subsidiary of the China Geological Survey, a department of the
Chinese Ministry of Land and Resources. Established in the early 1960s, the
institute deals directly with the ministry and the Central Government, and
assists the government with special geological projects conducted in China and
worldwide. Since its founding, TIGMR has achieved numerous earth science
accomplishments and has accumulated significant scientific experience through
its findings and related basic studies in Precambrian and Quaternary Geology,
paleobotany and paleontology. Website
http://old.cgs.gov.cn/Ev/about/cags/tianjin.htm

    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 55 prospecting concessions and is
negotiating to acquire an additional 80. For more information, go to
www.douglaslakeminerals.com

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





For further information:

For further information: Pacific IR Corp., 415-119 W. Pender St.,
Vancouver, BC, V6B 1S5, Tel: (604) 734-7026, Toll free: 1-866-734-7026, Email:
info@pacificircorp.com, Website: www.pacificircorp.com

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