Lake Shore Gold Corp.

Lake Shore Gold Corp.

November 29, 2007 17:00 ET

Lake Shore Gold Transitions Into Mining-Plans Management Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore" or the "Company") announced today that Brian Booth, President and Chief Executive Officer, has indicated that he will be stepping down from his position effective when the Company has retained a new President and Chief Executive Officer.

Mr. Booth will stay on as a Director with Lake Shore and assist the Company going forward, particularly with the Company's extensive exploration activities.

Brian Booth said, "It is an exciting time for Lake Shore shareholders as the Company transitions from a pure exploration company to an emerging gold producer in the Timmins Gold Camp, Ontario. The transition can best be accomplished by having new leadership experienced in mining. This will assure that the Company assembles the gold mining team that can build on the great exploration assets that the Company has acquired and successfully advanced over the last few years in Timmins."

"We have matured from a small land holder with a limited resource base in the Timmins Camp to a significant land holder with a significant resource asset base including the Timmins West Gold deposit, the Vogel-Schumacher gold deposit, and the Thunder Creek project. These assets combined with the pending acquisition of the Bell Creek Mine and Mill positions our company to transform from an explorer to a producer. Brian has done an admiral job for the shareholders of Lake Shore Gold," said Alan Moon, Chairman.

The Company has initiated discussions with candidates with both mining and exploration expertise and experience for the position of President and CEO and expects to be in a position to hire a new President and CEO and complete the transition early in 2008.

About Lake Shore

Lake Shore is a mineral exploration company focused on the acquisition, exploration and development of mineral properties with prospects for hosting economic gold deposits in the Canadian Shield in Ontario and Quebec. The Company holds a number of gold properties and has commenced sinking a shaft on the Timmins West Gold Deposit. Lake Shore is a reporting issuer in British Columbia, Alberta, Manitoba, Ontario and Quebec, and trades on the Toronto Stock Exchange under the symbol LSG.

Forward-looking Statements

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 statements.

Contact Information

  • Lake Shore Gold Corp.
    Meghan Brown
    Manager, Investor Relations
    (604) 685-4644
    (604) 688-5175 (FAX)
    Lake Shore Gold Corp.
    Brian R. Booth
    President and CEO
    (705) 525-0992
    (705) 525-7701 (FAX)