VANCOUVER, British Columbia, Aug. 2, 2006 (PRIMEZONE) -- Harp Sangha, CEO / President of Douglas Lake Minerals Inc. (OTCBB:DLKM), announces the company continues to assemble a unique and multi-skilled team of professionals to help guide the development of its mineral properties. Mr. Sangha stated, "We are proud to appoint these three members to our Company's Advisory Board, as they are each in the top echelons of their fields of geology. By passing exploration costs to our JV partners, and by filling these positions with Advisory Board members (which would normally be salary-based positions), we are keeping our financial expenditures at a minimum, all part of our objective of minimizing shareholder dilution."
Andrew Lee Smith, B.Sc., P Geo. Member of the Advisory Board
Andrew is the Chairman and CEO of our JV partner Canaco Resources. He has over 20 years of experience in successfully exploring, developing and operating North American precious and base metal mining and gem projects.
David W. Moore, MSc., P. Geo. Member of the Advisory Board
David has spent most of his 30 year career with Teck Cominco, recently acting as general manager of global exploration and as general manager of exploration and business development. His experience includes both base and precious metals, ranging from grassroots exploration to feasibility and project development.
Joanne Freeze, B.Sc., P. Geo. Member of the Advisory Board
Joanne Freeze is president and CEO of Candente Resource Corp. She has managed exploration programs and evaluated projects for numerous international mining companies including Queenstake Resources, Arequipa Resources, Mountain Province Mining, Placer Dome, Dia Met Minerals, Hughes-Lang Group and Utah Mines (BHP).
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About Douglas Lake Minerals, A Royalty-Based Company
Our vision at Douglas Lake Minerals is to focus on exploring and developing gold, copper, nickel, uranium and diamond mining opportunities in Tanzania, a country with vast amounts of undeveloped mineral-rich natural resources. We are exploring and developing our large portfolio of prospecting concessions through royalty-based joint venture partnerships. Our strategy is to provide investors with considerable upside potential while minimizing future shareholder dilution through our royalty partnerships (www.douglaslakeminerals.com).
NOTE: No Exchange has either approved or disapproved the information contained herein. This news release many contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and risk factors beyond its control; and actual results may differ materially from expected results. The Company will not update forward-looking statements as conditions change. Factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's quarterly and other periodic filings with the SEC.