Golden Share Mining Corporation

Golden Share Mining Corporation

September 10, 2008 09:00 ET

Golden Share Defines Gold Target 320 M Long by 50 M Wide With Grades of up to 178 g/t Au on Malartic Lakeshore Property

MONTREAL, QUEBEC--(Marketwire - Sept. 10, 2008) - Golden Share Mining Corporation (TSX VENTURE:GSH) is pleased to announce the results of the summer 2008 trenching program on its Malartic Lakeshore property as well as provide a broader perspective on the Rive du Lac Malartic prospect ("RLM").

Recent trenching and compilation of historic data has defined the RLM prospect as 320 m long structure up to 50 m wide consisting in a network of gold bearing veins and striking at 135 degrees with an average dip of 60 degrees towards the southwest. This prospect is hosted in sheared volcanics and is still open in all directions.

Gold is associated with sulfide bearing quartz and over 25 individual veins up to 1.10 m in width have been identified. The RLM prospect was the object of a detailed mapping and channel sampling program by Golden Share which comprised a total of 629 samples. A total of 36 individual samples returned values above 1.00 g/t Au with a peak at 178.00 g/t Au and all results above 1.50 g/t Au are presented in attached figure 1:".

Highlights of this recent surface work include :

- 90.88 g/t Au over 1.32 m (including 178.00 g/t Au over 0.67 m)

- 20.57 g/t Au over 1.97 m (including 39.95 g/t Au over 0.87 m)

- 10.40 g/t Au over 0.61 m

The Malartic Lakeshore Property has never been the object of systematic work, such as performed to date by Golden Share, and as a result an important number of previous drill holes were drilled with a poor understanding of the surface geology. Moreover, most of the drilling performed by the two main previous operators (Groupe Minier Sullivan in 1986 and Ressources Vassan in 1987-88) targeted only the southern 160 m section of the recently recognized 320 m mineralized structure. See attached figure 2 :".

The majority of this drilling targeted the RLM prospect, mostly above the 150 m level, and 55 of the drill holes by Sullivan and Vassan reported numerous 1.00 to 25.00 g/t Au mineralized intercepts over widths of up to 2 meters. The following selected mineralized intercepts highlight the high grade nature of the mineralization :

- VH-57 : 8.98 g/t Au over 4.87 m from 21.34 m to 26.21 m
- (including 24.28 g/t Au over 1.52 m)

- VH-37 : 5.41 g/t Au over 3.81 m from 65.53 m to 69.34 m
- (including 18.39 g/t Au over 0.61 m and 17.14 g/t Au over 0.46 m)

- VH-80 : 5.27 g/t Au over 3.35 m from 56.69 m to 60.04 m
- (including 25.91 g/t Au over 0.61 m)

- SH-82-4 : 4.47 g/t Au over 3.38 m from 11.49 m to 14.87 m
- (including 23.66 g/t Au over 0.34 m and 8.23 g/t Au over 0.64 m)

- SH-82-3 : 2.45 g/t Au over 3.17 m from 17.89 m to 21.06 m
- (including 12.34 g/t Au over 0.52 m)

Philippe Giaro, President and CEO, stated "The RLM prospect was worked mostly in the 1980's at a time when the constraints imposed on junior companies for the spending of their flow-through capital did not favour the execution of systematic, progressive work. This is the first time that rock exposure on such a scale was generated on the Property and it is vital to understand the geology. We are extremely pleased with these first surface results and given the strength of the mineralized system, its location within the Norbenite-Marbenite shear and its proximity to the Lapa and Canadian Malartic projects, the RLM prospect represents a priority target to be developed with a step by step approach to systematically evaluate the entire mineralized system."

The thorough compilation of all previous data and the trenching program represents step one and step two, a first diamond drilling campaign by Golden Share aimed at improving the understanding of the geometry and the distribution of the mineralization near surface, is now in progress. Strike and depths extensions will be investigated by drilling once all pending results have been integrated in the data base recently generated by Golden Share.

Additionally, and of particular significance, felsic intrusives have been mapped in the recently trenched area. Felsic intrusives have also been encountered in previous drilling and have shown local mineralization. Given the typical association of felsic intrusives to gold mines in the Abitibi mining camp, one of the elements of Golden Share's program is a thorough investigation of this particular lithology.

Others targets

The Malartic Lakeshore property covers a 5.5 km segment of the Norbenite - Marbenite shear zone, a regional, second order structure to the Cadillac fault and hosts several mines of the Val d'Or area. The RLM prospect represents the first target to be systematically evaluated by Golden Share. Numerous additional targets are known on the property and a detailed structural study, finalized by EarthMetrix in July 2008, has confirmed and refined several of these targets.

InnovExplo, a Val d'Or, Quebec, Canada based geological consulting group, is responsible for the geological management of the Malartic Lakeshore project under the supervision of Mr. Alain Carrier, P. Geo. The exploration programs are under the supervision of Mrs Laurence Huss, P Geo., and Vice-President Exploration of Golden Share. Golden Share intends to report on a regular basis on the advancement of its work programs.

Golden Share is also simultaneously working towards increasing its visibility in Europe and road shows in Zurich and Geneva are planned for the month of September.

Quality assurance / quality control (QA/QC)

The Malartic Lakeshore exploration program is supervised by Mr. Alain Carrier, M.Sc., P. Geo of InnovExplo. Alain Carrier is a "Qualified Person" and is independent as defined in National Instrument 43-101. The sampling (channels and on-going drilling program) is executed with a very strict QA/QC protocol which includes mineralized standards, duplicates and blanks. Half of the sampled drill core is stored for future reference and analysis are performed at the ALS-Chemex laboratory in Val-d'Or, Quebec, Canada.

Philippe Giaro, P.Geo., President and CEO of Golden Share Mining Corporation and Qualified Person for Golden Share, has reviewed and approved the content of this release.

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.

Golden Share completed its initial public offering in December 2007 and finalised a $2,666,025 financing with Canaccord Capital Corporation who acted as the agent. The Company's common shares started trading on the TSX Venture Exchange under the symbol "GSH" on January 14th 2008. Golden Share financed and additional $1,075,000 in early July 2008 including a $500,000 flow-through financing to be allocated to the developments of its activities in Ontario and particularly for the Elwood property located near Thunder Bay. The Company has 24 505 193 common shares issued and outstanding and with a current cash position of $2.4 million, Golden Share is fully funded and able to accomplish all of its major exploration programs for 2008 as well as proceed with additional strategic acquisitions.

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

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