Lake Shore Gold Confirms Gold Mineralization at S2 Fold Nose at Timmins Deposit

The results of exploration drilling at 48 test holes over 13,916 metres at Lake Shore Gold’s Timmins West Mine indicate the presence of elevated gold levels at the company’s S2 Fold Nose. The S2 Fold Nose is similar to the main Timmins Deposit fold nose which holds most of the Deposit’s existing reserves.

The results indicate:

Drilling on North Limb of second Timmins Deposit fold nose structure ("S2 Fold Nose") intersects 12.32 gpt over 9.3 m (including 27.70 gpt over 3.3 m), 5.57 gpt over 11.6 m and 11.72 gpt over 9.7 m (including 28.84 gpt over 1.6 m)

Drilling on South Limb of S2 Fold Nose intersects, 12.85 gpt over 5.4 m, 23.7 gpt over 5.0 m, and 7.82 gpt over 3.6 m

Drilling below current resources in Footwall and Ultramafic zones intersects new gold mineralization, including 38.56 gpt over 3.1 m, 6.28 gpt over 4.20 m, 14.8 gpt over 4.9 m and 7.10 gpt over 5.5 m

Review of geology west of Thunder Creek indicates excellent potential for multiple porphyry intrusions and additional gold mineralization southwest of Thunder Creek along Thunder Creek-144 Trend.

 The holes being reported represent the bulk of the 20,000 m exploration program announced in January 2014. 40 holes (9,540 m) were designed to test the S2 Fold Nose, a second fold nose structure similar to the main Timmins Deposit fold nose which hosts most of the Deposit's existing reserves, as well as depth extensions of the Ultramafic and Footwall zones between the 790 and 1050 m levels.

 An additional eight widely-spaced holes (4,376 m) were drilled to explore the contact between the Timmins Deposit and Thunder Creek. All drilling was completed from five main platforms at the Timmins Deposit located on the 750, 790 and 830 levels.

Tony Makuch , President and CEO of Lake Shore Gold, commented: "Today's results from drilling in the S2 Fold Nose confirm the presence of elevated gold values and identify opportunities for extensions and new areas of gold mineralization. The S2 Fold Nose is a high potential exploration target with similar characteristics to the Deposit's main fold nose structure. Intersecting high-grade mineralization in both the North and South limbs of the S2 Fold Nose is very encouraging, with additional drilling now planned for the purpose of proving continuity of the zones in both limbs.

Lake Shore’s results at the S2 Fold Nose come two weeks after they  announced the intersection of wide, high-grade mineralization in the 144 Gap. A review of the geology at Thunder Creek and 144 increasingly suggests that there may be multiple lenses of gold mineralization southwest of Thunder Creek extending into the 144 Gap with the potential for additional deposits further along the Thunder Creek-144 Trend.

Lake Shore Gold is a Canadian-based gold producer that is generating net free cash flow from its wholly owned operations in the Timmins Gold Camp. The Company produces gold from two mines, Timmins West and Bell Creek, with material being delivered for processing to the Bell Creek Mill. In addition to current operations, the Company also has a number of highly prospective projects and exploration targets, all located in and around the Timmins Camp. The Company's common shares trade on the TSX and NYSE MKT under the symbol LSG.