Golden Share Mining Corporation

Golden Share Mining Corporation

November 12, 2008 20:27 ET

Golden Share Announces a Private Placement for a Maximum of $750,000

MONTREAL, QUEBEC--(Marketwire - Nov. 12, 2008) - Golden Share Mining Corporation ("Golden Share" or the "Company") (TSX VENTURE:GSH) today announced that is has entered into an agreement with Canaccord Capital Corporation ("Canaccord") to complete a private placement offering of units (the "Units"), on a best efforts basis, for total gross proceeds of up to $750,000 (the "Offering"). Canaccord will offer up to 750 Units at a price of $1,000 per Unit. Each Unit will consist of 5,000 flow-through common shares of Golden Share at a price of $0.16 per share as well as 2,500 common shares of Golden Share at a price of $0.08 per share. The Units sold under the Offering will be subject to a four-month hold period. and to the approval of the TSX Venture exchange.

The Company will incur Canadian exploration expense ("CEE") in an amount equal to the subscription price of the flow-through shares comprised in the Units before December 31, 2009 and will renounce such CEE, before March 31, 2009, in favor of the subscribers for the "flow-through" common shares, thereby giving them the right to a 150% deduction at the provincial level (for Quebec residents) and a 100% deduction plus 15% tax credit at the federal level for the 2008 taxation year.

Golden Share will pay Canaccord a cash commission of 10.0% of the gross proceeds from the Offering, upon closing. On the closing date of the Offering, Canaccord will be granted compensation options equal in number to 10.0% of the common shares and flow-through common shares underlying the Units sold, exercisable for common shares of Golden Share at a price of $0.08 for a period of 18 months following the closing date.

About Golden Share Mining Corporation

Golden Share Mining Corporation (TSX VENTURE:GSH) is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Canada. Golden Share was created through the reorganization of SearchGold's Canadian gold assets and is lead by an experienced management team at the technical and corporate level. The Company's projects straddle three greenstone belts of Eastern Canada, are accessible by road and are all located close to the established mining centers of Val d'Or and Rouyn-Noranda in Quebec and Shebandowan, west of Thunder Bay, in Ontario.

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

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