Lake Victoria Mining is focused on the rich underdeveloped gold reserves in Tanzania. Tanzania produced 1.75 million troy ounces of gold during 2007 and is the 3rd largest gold producer in Africa, behind South Africa and Ghana. Lake Victoria Mining Company, Inc. currently holds an eighty percent ownership interest in the Kalemela Gold Project. Up to 15% of Africa’s exploration expenditure has been spent in Tanzania, which is thought to have Africa’s largest gold reserves, after South Africa.

The company announced the addition of Michele Ashby to their Board of Directors. Ms. Ashby is the founder, owner and Chief Executive Officer of MINE, LLC, a Colorado company organized to promote selected natural resource companies to the investment community through private conferences. From 1988 through 2005, she was the Chief Executive Officer of Denver Gold Group Inc., which is dedicated and operated as a trade association for the mining industry. In that