Lake Shore Gold Corp.
TSX : LSG

Lake Shore Gold Corp.

November 24, 2009 14:48 ET

Lake Shore Gold Announces Changes to Board of Directors

TORONTO, ONTARIO--(Marketwire - Nov. 24, 2009) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or "the Company") today announced that Roberto Danino has joined the Company's Board of Directors (the "Board") and that Jorge Benavides has resigned from the Board.

Mr. Danino is currently Deputy Chairman of the Board of Hochschild Mining plc ("Hochschild"). He joined Hochschild in 1995, where he remained until 2001 when he left to serve in the Peruvian Government as Prime Minister and later as Peru's Ambassador to the United States. He rejoined Hochschild in 2006, after serving as Senior Vice President and General Counsel of the World Bank Group and Secretary General of the International Centre for Settlement of Investment Disputes (ICSID). Previously, he was a partner of Wilmer, Cutler & Pickering in Washington DC and has worked for over 30 years throughout Latin America, the United States, and the United Kingdom, and was the founding General Counsel of the Inter-American Investment Corporation, the private sector arm of the Inter American Development Bank. He holds Law degrees from Harvard Law School and the Pontificia Universidad Catolica del Peru. He serves in a number of corporate and nonprofit boards in Peru, the U.K., the USA, and South Africa.

Jorge Benavides joined Lake Shore Gold's Board in February 2008, following the completion of a strategic alliance agreement between Lake Shore Gold and Hochschild. Mr. Benavides departs the Company's Board having recently been appointed President and Chief Executive Officer of Zincore Metals Inc.

Alan Moon, Chairman of Lake Shore Gold, commented: "We are very pleased to welcome Roberto Danino to Lake Shore Gold's Board and we are looking forward to drawing on his extensive and diverse experience developed in the private sector, and in senior government positions. We also wish to express our appreciation to Jorge Benavides for his contribution to the Board and the Company. Jorge's advice and counsel has been of significant value and we wish him the best in his new endeavour."

About Lake Shore Gold

Lake Shore Gold is a rapidly growing mining company with large land positions on the west and east-sides of the Timmins gold mining camp. The Company is currently carrying out an underground advanced exploration program at its Timmins Mine project, where it has both a shaft and a ramp, and is commencing advanced exploration at its adjacent Thunder Creek property. The Bell Creek Mill, located on the east side of Timmins, has been refurbished to a capacity of 1,500 tonnes per day. The Company is also making progress with an underground advanced exploration program at its Bell Creek Complex, including the Bell Creek Mine, Schumacher and Vogel properties, which is moving forward to become the Company's second mining operation in the Timmins Camp. The Company continues to invest aggressively in exploration primarily in Timmins and in select other areas of Northern Ontario and Quebec, and owns a large land position in Mexico. The Company's common shares trade on the TSX under the symbol LSG.

Forward-looking Statements

Certain statements in this press release relating to the Company's development projects, exploration properties, project expenditures, business plans, capital position and financial performance are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable, including that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts, labour disturbances, interruption in transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will complete projects according to schedule, and that actual mineralization on properties will not be less than identified mineral reserves.

The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Lake Shore Gold's most recent Annual Information Form and other regulatory filings which are posted on sedar at www.sedar.com.

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