February 27, 2009
Ubika Research provides an update on an active & successful year of drilling for Hy Lake Gold Inc. during 2008

TORONTO, Canada - Ubika Research has provided an update on an active & successful year of drilling during 2008 for Hy Lake Gold Inc. In an update report, "An active & successful year of drilling during 2008 positions Hy Lake Gold for future growth" (Feb 26, 2008), Ubika highlighted the continued and successful drilling program undertaken by Hy Lake during 2008. Given its 12-km long contiguous properties in core Red Lake area, Ubika Research considers HYLK to be an exciting 'pure' Red Lake gold play. Also, its close working relationship with Goldcorp Inc (GG:TSX), a Red Lake veteran, bodes well for the company.

Ubika first highlighted Hy Lake's enormous potential in a detailed report (Hy Lake Gold Inc: A Promising Exploration Company in Canada's Prolific Red Lake area, dated May 15, 2008. This report and update reports are available for FREE download at www.ubikaresearch.com

Download the free report at http://www.ubikaresearch.com/report/hy_lake.aspx


About Hy Lake Gold Inc.
Hy Lake Gold Inc. is a junior gold exploration veteran in Northern Ontario's Red Lake mining district, whose goal is to find high potential gold properties with a high level of gold mineralization.

About Ubika Research
Ubika is a specialized research and analytics company with operations in Toronto and Vancouver, Canada. We create value for our clients and partners by building strategic solutions, using a portfolio of proprietary methodologies ranging from data and model management to knowledge-driven advanced analytics. For more information visit www.ubikaresearch.com

Disclosure
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.

Ubika Research, a division of Ubika Corporation, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this report. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit:

http://www.ubikaresearch.com/report/hy_lake.aspx