Company Information for Douglas Lake Minerals Inc

OTCBB-DLKM

www.douglaslakeminerals.com

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OTCBB; DLKM

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Company Statement

Douglas Lake Minerals (DLKM) is focused 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.

DLKM’s vision is to explore and develop its 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 these royalty partnerships.

To take advantage of Tanzania’s rich natural resources, DLKM has acquired 33 prospecting concessions, and is in negotiations on over 80 additional concessions. DLKM’s first five concessions cover an area of more than 1,000 square kilometres, with some properties already at an advanced stage of exploration.

Acquired a Large Portfolio of Prospecting Licenses
To take advantage of Tanzania’s rich natural resources, DLKM has a large portfolio of prospecting licenses. DLKM’s 55 licenses cover an area of more than 10,000 square km – with several properties in small-scale production and others already at an advanced stage of exploration. The Company has a strong management and technical team, excellent exploration assets, a solid corporate structure, and access to capital, equipment, and geological expertise through its partnership with TIGMR.

Strategic Partnership
DLKM's vision is to explore and develop its large portfolio of prospecting licenses while leveraging the strength of the Company’s partnership with the The Tianjin Institute of Geology and Mineral Resources (TIGMR). The Institute assists the Chinese government with special geological projects worldwide. DLKM anticipates the TIGMR partnership will provide the necessary funding, geological expertise, guidance, and access to mining equipment to enable the Company to conduct an aggressive exploration and mine development program on its primary properties. Through this strategic partnership, the Company’s strategy is to provide investors with considerable upside potential while minimizing future shareholder dilution.

Current Operations

DLKM has acquired five prospecting concessions for properties in Tanzania that cover an area of approximately 1,037.4 square kilometres. The company has purchased 100% of the mineral concession rights to these properties, all of which are easily accessed by paved highways and secondary roads, and transected by numerous tertiary roads. To explore and develop these properties, management has decided to structure DLKM as a “Royalty Management Company” and will be joint-venturing with well-capitalized junior mining companies to explore and develop these concessions. DLKM is also in negotiations to option over 100 additional concessions in mineral-rich Tanzania.

The Mkuvia Project
This Mkuvia Project consists of 430 square kilometers which are made up of four prospecting licenses. With early sampling indicating economic grades between 1 and 5 grams and in some areas as high as 50g/t, this property has the potential to be a world-class alluvial operation. The property is currently in production generating between 150 to 200 ounces of high grade gold per month with no mechanized mining equipment. The company expects to be in mechanized production with an estimated expenditure of $2 million.

The primary task from June 1, 2008 will be to delineate the economically processable alluvium gold deposits from the Mkuvia Placer Deposit, as no systematic exploration has yet been undertaken in the area. This will enable staff members to determine grade and tonnage complying with the widely accepted codes of Mineral Resource and/or Ore Reserve classifications.

Morogoro Property
The Morogoro Property is located approximately 30 kilometres west of Morogoro. The property's northeast corner extends approximately 26 kilometres to the west and 6 kilometres to the south. Gold has been discovered on the property currently 150 local artisan miners are reportedly producing 100-150 gms of gold a day.

Our Properties
The company holds 55 mining property concessions. The possibilities for discovery of gold, copper, nickel, uranium and diamonds are significant. In the absence of any exploration capital, the performance of a number of our concessions has already been proven by local artesian miners. Using primitive, non-mechanized methods, these local miners have discovered and extracted significant quantities of gold and diamonds.

Our flagship property, Mkuvia (aka Mbwemkuru) consists of four prospecting licenses covering 430 square kilometers. With economic grades between 1 and 5 grams, and in some areas as high as 40g/t, this property has the potential to be a world-class alluvial operation. It is currently in production generating between 150 to 200 ounces of high grade gold per month with no mechanized mining equipment. With an expenditure of $2 million, the company plans to be in early production generating as much as 100,000 ounces of gold per year. DLKM’s geological team is conducting systematic sampling and mapping work to help determine the size and potential of the property. The Mkuvia Project is located in SE Tanzania and easily accessible by dirt and paved roads only 650 km from Tanzania's capital, Dar es Salaam.

Douglas Lake Minerals has purchased 100% of the mineral rights for 55 mining concessions. These rights confer to the company all interests to the minerals contained on the properties. After the initial three year mining lease comes up for renewal, 50% of the concession has to be relinquished.

ASW (Ashanti South West) Property
The ASW Property (Prospecting License No. 3117/2005) is located 135 kilometres north of the city of Morogoro in east central Tanzania, and is directly adjacent to AngloGold Ashanti's main property. It covers approximately 40 kilometres of the structural zone to the east and six to 15 kilometres to the south.

Kilometre 7 Property
The Kilometre 7 Property (Prospecting License No. 3118/2005) is located 165 kilometres north of Morogoro and approximately 25 kilometres east of Anglo Gold Ashanti’s property. It covers approximately 17 kilometres of the structural zone to the east and nine kilometres to the south.

Negero (Green Hills) Property
The Negero (Green Hills) Property (Prospecting License No. 2957/2005) is located approximately 150 kilometres north northeast of Morogoro and covers approximately 20 kilometres of the structural zone to the east and 10 kilometres to the south. The property is located 75 kilometres east of Anglo Gold Ashanti’s property.

Tabora and Ashanti South East Properties
The company has also signed agreements to acquire the Tabora Property (Prospecting License No. 2810/2004) and the Ashanti South East Property (Prospecting License No. 2683/2004).

Diamond, Emerald and Alexandrite Properties
Douglas Lake recently acquired two gemstone properties, the Mgambe Diamond Property in the Shinyanga District and the Lake Manyara Emerald and Alexandrite Property in the Mbulu District in north-central Tanzania.

- Mgambe Diamond property
The Mgambe Diamond property consists of 46 square kilometers and lies contiguous to the eastern, northern and western boundaries of the De Beers operated Williamson Mine, one of Africa’s most significant Diamond producers. The Williamson Mine is currently owned 75% by De Beers and 25% by the Government of Tanzania and has a production history that spans six decades. The Williamson pipe covers 146 ha and, at the time of its discovery in 1940, was considered the largest economically exploitable pipe in the world. In 2005 the Williamson Mine produced 190,000 carats of diamonds, adding to the more than 20 million carats that have been produced over the history of mining operations.

- The Lake Manyara Emerald and Alexandrite Property
The Lake Manyara emerald and alexandrite property is a historic producer of emerald and alexandrite, having been discovered in the late 1960’s. Early descriptions of the property and its production history were first published by the famous Swiss gemologist Gubelin in 1974. His work was later referenced in a report completed in 2001 by R. Scheepers and stated that ”The deposit at Manyara is of great interest, both from an academic and economic viewpoint as three rare gemstones occur in close relationship to each other, namely alexandrite, emerald and ruby. The common denominator between these three gemstones is their color which is thought to be related to the presence of chromium and/or vanadium in the crystal structure.” In his conclusion Scheepers stated that, “The Manyara deposit may be regarded as a classical schist hosted emerald-alexandrite deposit, in many respects similar to other deposits of this kind. The gemstones are closely related to the contact between mafic schists and felsic gneisses and pegmatites. An additional aspect in the case of Manyara is the presence of shear zones along which fluids preferentially migrated, adding an exploration target to the property.”

Geographical Spread

Tanzania

Board of Directors and Key Management

Honorable Joseph Rugumyamheto	Chairman of the Board
Harp Sangha	CEO/President and Director
Dr. Wenqin Zhang	Geology, Managing Director, China
Dr. Medard M.C. Kalemani	Mining Management – Director
Prof. Abdulkarim Mruma	Geology – Director
Sylvia Tang	Interim Chief Financial Officer and Controller

Company Address

403 - 1445 West Georgia St.
Vancouver, British Columbia, Canada V6G 2T3


Telephone:	604-669-0323
Facsimile:	604-669-3645
Email:	jd[at]douglaslakeminerals.com
Website:	http://www.douglaslakeminerals.com

Capital

fully diluted - 36,080,072

Major Shareholders

Harp Sangha President CEO - 9%

55% of the issued and outstanding stock is owned by either Tanzanian private corporations or individuals who have been the property vendors to Douglas Lake.

Most Recent Statement

22/12/08 - Sampling from Douglas Lake's Mkuvia project confirms gold and platinum content
27/05/08 - Douglas Lake Minerals, Inc. is approved for trading on the "Open Market" Segment of the Frankfurt Stock Exchange
31/03/08 - Chinese Institute of Geology and Mineral Resources To Visit Douglas Lake Minerals’ Properties
05/12/07 - Douglas Lake Minerals Update -- Portfolio of Tanzanian Mining Concessions Grows to 51
12/11/07 - Douglas Lake Minerals Signs MOU with Chinese Mining Institute
29/10/07 - Douglas Lake Minerals Commences Diamond Exploration on Magembe Property

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