Douglas Lake Minerals Commences Diamond Exploration on Magembe Property



    VANCOUVER, BRITISH COLUMBIA, October 30 /CNW/ - Harp Sangha,
CEO/President of Douglas Lake Minerals (OTCBB:DLKM), announced today that
their partner Canaco Resources has initiated Phase One Exploration of their
Magembe Diamond Project located in the Shinyanga district of northwestern
Tanzania.

    "Canaco has started exploration to evaluate indicated diamond potential
from both alluvial and kimberlite sources," stated Harp Sangha. "The program
will follow-up on the reconnaissance scale exploration completed earlier in
2007. That initial work consisted of data compilation, remote sensing,
geological mapping and prospecting, and was successful in identifying
geological environments favourable for hosting surficial and bedrock diamond
deposits."

    SIGNIFICANT POTENTIAL

    Enthusiastic about this new program, Harp Sangha stated, "With all the
local artisanal mining activity, we believe there's considerable potential for
a commercially profitable diamond mine. These local miners are already active
and recovering diamonds from surface alluvial deposits on the western boundary
of our Magembe property. The Phase One exploration program will evaluate the
concentrations of recoverable diamonds from alluvial material through
systematic bulk sampling and processing. On the northern part of the property,
regional geophysical data indicate the presence of four unexplored kimberlite
targets with magnetic expressions similar to the Williamson kimberlite."

    The execution of the Magembe program is under the supervision of Andrew
Lee Smith, P.Geo., who is a qualified person as defined by National Instrument
43-101.

    LOCATED NEXT TO DE BEERS' WORLD-CLASS WILLIAMSON MINE

    The Williamson Mine is currently owned 75% by De Beers and 25% by
Tanzania and has produced over 20 million carats since 1940. The Williamson
pipe covers 360 acres, and at the time of its discovery, was considered the
largest economically exploitable pipe in the world. It is renowned for being
the original source of pink diamonds and has produced notable stones including
a 54 carat flawless pink diamond and a 388 carat diamond found in 1990.

    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
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: Douglas Lake Minerals Harp Sangha,
CEO/President, 604-669-0323 C: 604-825-1309 Fax: 604-669-3645
harpsangha@shaw.ca

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DOUGLAS LAKE MINERALS

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