Houston Lake Mining Inc.

Annual Report:

Income Statement: As of Mar. 31 Thou. Canadian Dollars	2009	2008
Costs & exps.	680	740
Amortization	20	24
Other income	10	1
Interest exp.	2	6
Income tax	(568)	(488)
Net income	(124)	(280)
Share earns. basic		(0.01)
Share earns. diluted		(0.01)

Balance Sheet: As of Mar. 31 Thou. Canadian Dollars	2009	2008
Assets:
Cash & equiv.	447	702
Accts. rec., net	33	48
Prepaid expenses	35	48
Tot. curr assets	515	798
Invstmt. in mining props.	7,634	5,219
Net property	43	62
Total assets	8,192	6,080
Liabilities:
Accts. pay. & accruals	237	377
Tot. curr. liabs.	237	377
Com. stk. n.p.	10,009	8,255
Advances for shares to be issued	56
Paid-in cap.	1,542	976
Retained earns.	(3,652)	(3,528)
Total liabs.	8,192	6,080