Lake Victoria Mining Company, Inc. reported encouraging trench results from Kiabakari East prospect, including, but not limited to, 1.87 grams/ton of gold over 33.69 meters. Kiabakari East Gold License lies about 4 kilometers southeast of the past producing Kiabakari Gold Mine in northeastern Tanzania. Between 1959 and 1966, the Kiabakari Mine is reported to have produced 284,335 ounces of gold at an average grade of 6.1 grams/ton. Kiabakari East license is nearby three of Lake Victoria's other licenses which include Kinyambwiga, Suguti and Murangi. Prior to the end of 2011, the company undertook a limited follow-up trench sampling program at Kiabakari East where initial results from pit sampling taken across a small hill of Banded Iron Formation (BIF) returned encouraging gold values. Following these positive results, the company re-opened and sampled a number of old trenches, amounting to 264 meters, that were excavated by a previous exploration company. In addition to sampling trenches, results from a reconnaissance termite mound sampling program across the southern part of the license identified two parallel anomalous gold zones, lying about 800 meters apart. These zones broadly define a 2 kilometer long northwest trending topographic ridge, and the northern zone encompasses the BIF unit. A similar geochemical anomaly is seen to exist in the eastern side of the license where some 500 small-scale artisanal gold miners have recently been active. An in-house ground magnetic survey was recently completed and together with the electrical IP survey, currently in progress, will assist in understanding the geological structure of the area. A soil sampling program is to be undertaken shortly, followed by a planned diamond and reverse circulation drill program to be conducted during the first and second quarter of 2012.