Golden Share Mining Corporation
TSX VENTURE : GSH

Golden Share Mining Corporation

December 28, 2007 13:53 ET

Golden Share Mining Corporation Completes an Initial Public Offering and Raises $2,666,025

MONTREAL, QUEBEC--(Marketwire - Dec. 28, 2007) - NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Golden Share Mining (TSX VENTURE:GSH) Corporation is pleased to announce that it has completed its initial public offering by issuing 2,091 Units A and 533 Units B at a price of $1,015 and $1,020 per Unit respectively, for total gross proceeds of $2,666,025. Golden Share's common shares will begin trading on the TSX Venture Exchange during the month of January 2008 under the symbol "GSH".

Each Unit A is comprised of 2,300 "flow-through" common shares at a price of $0.35 per share and 700 common shares at a price of $0.30 per share. Each Unit B is comprised of 3,400 common shares at a price of $0.30 per share and 3,400 common share purchase warrants, each warrant entitling its holder to subscribe for one additional common share at a price of $0.35 for a period of two years.

Canaccord Capital Corporation acted as the agent for the initial public offering. At closing, Golden Share granted warrants to Canacccord Capital Corporation, entitling it to acquire up to 808,520 additional common shares at a price of $0.30 per share for a period of 18 months. A cash commission was also paid to the agent for an amount of $266,602.50.

The net proceeds from the initial public offering of Units will be used by Golden Share for exploration work on its Forsan and Malartic Lakeshore properties, and for working capital and general corporate purposes. A description of the recommended exploration program for the properties of Golden Share is in its final prospectus. A copy of the final prospectus is available under Golden Share's company profile on SEDAR at www.sedar.com.

Philippe Giaro, the President of Golden Share Mining Corporation, stated: "We are extremely happy with the closing of our initial public offering. This level of investor support reflects the quality of our properties and management team."

Following the closing of the initial public offering, there are 17,615,193 common shares of Golden Share issued and outstanding.

Golden Share's common shares have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States, or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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