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Jul 17, 2012

Lake Shore Gold is a gold mining company that is in production and pursuing rapid growth through the successful exploration, development and operation of three wholly owned, multi-million ounce gold complexes in the Timmins Gold Camp. The Company is in commercial production at both the Timmins West Mine, where gold production is expected to increase sharply over the next year and reach 160,000 ounces by 2014 with cash costs around US$600 per ounce. The Company is also recording limited production at the Bell Creek Mine while it continues to evaluate the high-potential North A Deep Zone, where a high percentage of the current 0.6 million ounces of measured and indicated resources and approximately 1.0 million ounces of inferred resources are located.

 

Material from the Company’s two mines is delivered to its wholly owned milling facility at the Bell Creek Complex, where a 50% expansion to 3,000 tonnes per day, is advancing towards completion by late 2012.

 

To build shareholder value, the Company is focused on effectively advancing its projects into production to realize the value of reserves and resources already established and on creating new value potential through additional exploration success. The Company maintains an active drill program both to support current operations and pursue new discoveries and extensions.

 

The Company’s common shares trade on the TSX and NYSE Amex under the symbol LSG.