Lake Victoria Mining Company, Inc. announced gold recovery test results from its Kinyambwiga project in northern Tanzania. Two gold bearing samples each weighing about 40 kilograms were tested by two independent metallurgical laboratories. The first set of test results were completed by Peacocke & Simpson Mineral Processing Engineers in Harare, Zimbabwe. The second tests were completed in Vancouver, British Columbia by Met-Solve Laboratories, Inc. Both laboratories are independent of each other and the Company. Testing found that Kinyambwiga's gold can be recovered by conventional and routine metallurgical methods, which will be used to design the project's most economical and optimal recovery process. Peacocke & Simpson results: The Peacocke & Simpson (P&S) sample had an average assayed head grade of 7.24 grams/metric tonne gold, and was tested for gold recovery by gravity, flotation and leaching methods. When the rock was crushed to 100% minus 1.0 millimeter the gravity gold recovery was 24.2%. With continued grinding so that 80% of the rock was less than 0.75 millimeters, the total gravity recoverable gold increased to 54.5%. Flotation of the gravity tails was undertaken using two different flotation reagents. Both methods, combined with the results of gravity recoverable gold returned gold recoveries of 81.0 and 83.8% respectively. Agitated leaching of the gravity tails recovered 84.1% of the remaining gold providing for an overall gravity and leaching recovery of 92.7% of the gold in the sample. These are laboratory results and actual mine site operational results may differ. Met-Solve results: The Met-Solve (MS) sample had an average assayed head grade of 9.80 grams/metric tonne gold. The rock was crushed and ground to 80% minus 0.071 millimeters and had a gravity recoverable gold content of 60.6%. Leaching of the gravity tails recovered 88.5% of the balance yielding a combined gravity plus cyanide leach recovery of 95.5%. Met-Solve then conducted: two recovery tests combining gravity and flotation methods using two different flotation reagents with recovery results of 85.2% and 85.6%. Two tests combining gravity with flotation, then followed by leaching of the flotation concentrates. These results were 84.0% and 84.2%. The complete Met-Solve -- Gravity, Flotation and Cyanide Leach Test Work report may be viewed on the company's corporate website in the Kinyambwiga Gold Project section.

Lake Victoria Mining Company, Inc. reported that Dr. David Ralph Webb has joined the Board Of Directors of the Company. David Webb is a registered Professional Geologist in the NWT Canada and has spent the past 25 years as president of DRW Geological Consultants Ltd. providing technical and operating services to companies in the mining exploration, development and production industry.

Lake Victoria Mining Company, Inc. announced the completion of a National Instrument 43-101 Technical Report for the Kinyambwiga, Murangi and Suguti properties. The company within the Technical Report, reports that 35 reverse circulation drill holes were completed by the Company at Kinyambwiga. Also reported for Kinyambwiga are an additional 21 reverse circulation and 377 rotary air blast holes that were completed by a previous company. Collectively these drill holes define a zone of mineralization that can be correlated on plan and in section over a 700 meter strike-length and to a depth of 90 meters below surface. While these correlations may be open to other interpretations, evidence suggests that the mineralized zone remains open along strike and down dip. A Conceptual Target of 600,000 to 1,000,000 tonnes of economically significant mineralization is present at grades of 1.50 to 2.00 gpt in three vein structures at the Kanunga 1 prospect on the Kinyambwiga property. This Conceptual Target is within the first 150 to 200 meters of surface and may contain 30,000 to 60,000 ounces of gold. Conceptual Targets are not Mineral Resources or Mineral Reserves and do not have demonstrated economic viability. Conceptual Targets need additional work or testing, and some or all of these targets may or may not become Mineral Resources or economically viable. Mineral resource and reserve estimates are affected by environmental, permitting, taxation, socio-economic, marketing, political, metallurgical, mining, and infrastructure issues. These issues are mainly economic impacts that have not yet been examined so are not discussed in this Technical Report.