Tuesday, 8 July 2008

Lake Victoria Mining Company Acquires Kalemela Gold Project, Lake Victoria Greenstone Belt, Tanzania

From CNN Money, USA

Dr. Roger A. Newell M.Sc., Ph.D., the newly appointed President and CEO of Lake Victoria Mining Company, Inc. (OTCBB: LVCA) is pleased to announce the company is acquiring an 80% interest in the Kalemela Gold Project in northern Tanzania.

While currently in Mwanza, Tanzania, Dr. Newell said "This is an important opportunity for the company to gain a foothold in a prominent, productive and highly prospective gold belt. The potential for a substantial discovery here is significant since the Lake Victoria Greenstone Belt contains properties with very large gold reserves. This is a mega district and new mines continue to be discovered and are relatively quickly moved into production."

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