Lake Shore Gold Corp.

Lake Shore Gold Corp.

January 07, 2005 17:36 ET

Lake Shore Gold Corp. Graduates to Tier 1


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: LAKE SHORE GOLD CORP.

TSX VENTURE SYMBOL: LSG

JANUARY 7, 2005 - 17:36 ET

Lake Shore Gold Corp. Graduates to Tier 1

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 7, 2005) - Lake Shore
Gold Corp. (TSX VENTURE:LSG) announced today that it has met the
requirements for graduation to Tier 1 of the TSX Venture Exchange,
effective January 10, 2005. Tier 1 issuers have fewer filing
requirements than Tier 2 issuers and are recognized on the TSX Venture
Exchange as senior companies with the most significant resources.

With the graduation to Tier 1, all 4,067,400 shares of the Company held
in escrow pursuant to a 2002 Escrow Agreement will be released
immediately. Over 4 Million of those shares are owned by Aurora Platinum
Corp., which owns 18.9% of Lake Shore. Aurora has acquired the shares
for investment purposes and has no current intention to dispose of the
shares.

Lake Shore Gold is exploring for gold and base metals in the Archean
Superior Province of Ontario and Quebec.

Statements in this release that are forward-looking statements are
subject to various risks and uncertainties concerning the specific
factors disclosed under the heading "Risk Factors" and elsewhere in the
Company's periodic filings with Canadian securities regulators. Such
information contained herein represents management's best judgment as of
the date hereof based on information currently available. The Company
does not assume the obligation to update any forward-looking statement.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Lake Shore Gold Corp.
    Daniel G. Innes
    President
    (604) 669-3533
    or
    Lake Shore Gold Corp.
    Thomas W. Beattie
    Director
    (604) 669-3533
    (604) 688-5175 (FAX)
    Email: info@lsgold.com
    Website: www.lsgold.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.