Lake Victoria Mining Company, Inc. announced the beginning of a 1,500 meter core drilling program whereby the company hopes to establish the first fully reportable gold resource at Uyowa in northwestern Tanzania. Near the end of 2011, a Phase 1, 29 hole, 2,470-meter reverse circulation (RC) drill program was completed at Uyowa; these holes were drilled on north-south fences spaced 80 meters apart. This Phase 1 drilling appears to have delineated a continuous, single, 1,700 meter long gold bearing structural zone. At this time, drilling has only tested the zone to a depth of about 60 meters, and the gold values appear to continue beyond the current 1,700 meter strike length. Results suggest that at least 4 additional mineralized veins appear to have been delineated within the western to central parts of the structure. For a distance of about 300 meters, these additional veins appear to contain increased widths and increased gold grades. Some of these RC drill grades and widths are: 17.6 g/t over 6 meters, 11.41 g/t over 2 meters, 4.1 g/t over 10 meters, 4.06 g/t over 13 meters, 10.41 g/t over 3 meters, 27.16 g/t over 4 meters and 3.43 g/t over 6 meters. The current 1,500-meter core-drilling program is designed to define geologic controls of the four new veins in the western to central parts of the east-west trending shear zone. Core holes are planned on north-south fences spaced 40 meters apart; the holes will test mineral extensions to a vertical depth of about 150 meters. To confidentially compare gold grades and widths, a select number of core holes will carefully 'twin' particular RC holes. If the core holes and the RC holes provide similar results, a new gold resource can be calculated with increased confidence. There are at least seven additional Uyowa geochemical and geophysical targets that have been selected for reconnaissance rotary air blast (RAB) drilling; four of these targets include: the width of the shear zone to the south and north of the current zone of artisanal workings with particular attention to the central zone in which the 4 gold veins occur. The area is covered by sand and duricrust cover; the extension of the shear-hosted gold mineralization along 7.5 kilometers of strike with particular attention to where the shear zone is crossed by NW-SE trending fracture zones; the sand covered area immediately to the west of the central zone and the artisanal mining area; the western extension of the mineralized shear zone some 5 kilometers further to the west appears to have been right laterally displaced for some 1.5 kilometers to the north by a major NE-SW fault. The company will release drilling results as they become available. Analytical work is carried out at the independent SGS Laboratories in Mwanza, Tanzania. The drill samples have been subjected to full sample preparation followed by a 50-gram fire assay with an AA finish. Blanks (5%), commercial standards (5%) and duplicates (5%) have been used in each sample batch of 20 samples to monitor laboratory performance during the analysis. Samples submitted either represent 5 meters composite samples of 1 meter intervals or 1 meter samples where on site logging and panning of the RC chips indicated the presence of visible gold or gold-bearing sulphides.