Golden Share Mining Corporation
TSX VENTURE : GSH

Golden Share Mining Corporation

June 30, 2011 15:26 ET

Golden Share Mining Corporation Acquires Band Ore Gold Property From Lake Shore Gold Corp.

MONTREAL, QUEBEC--(Marketwire - June 30, 2011) - Golden Share Mining Corporation ("Golden Share" or the "Company")(TSX VENTURE:GSH) is pleased to announce that it has completed its acquisition of Lake Shore Gold Corp.'s ("Lake Shore Gold") 100% interest in the Band Ore Gold property ("Band Ore") as previously announced in Golden Share's news releases dated March 28th and June 13th 2011 (the "Acquisition").

Under the terms of the Acquisition, Golden Share has acquired 100% of the Band Ore property and Lake Shore Gold has become Golden Share's largest shareholder, with an approximately 19.99% ownership interest in the Company.

About Golden Share Mining Corporation

Golden Share Mining Corporation is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Canada. Golden Share is developing a promising portfolio of properties in the greenstone belts of eastern Canada, namely in the Val d'Or-Malartic, Red Lake and Shebandowan areas.

The Company is led by a technically focused management team strengthened by an experienced board of directors and a proven advisory board including successful geologists Roy Corrans and Sethu Raman as well as seasoned financier Anthony Frizelle.

Golden Share's development strategy involves advancing a well balanced portfolio of gold properties in a politically stable environment with a history of gold endowment through systematic exploration, resource definition and acquisitions. Highlights of the current portfolio include:

  • NI 43-101 and historical resources on Shebandowan Gold Play (150,699 oz Au Inferred* and 251,271 oz historical**)
  • Past producing high grade Au-Ag Berens River Mine to be redeveloped,
  • NI 43-101 compliant resources on Forsan (35,000 oz Au Inferred Resources***),
  • New discoveries in the Cadillac break environment.
* 2,857,200 MT @ 1.64 g/t Au at 1.00 g/t Au cut off
**These estimates were executed prior to the introduction of National Instrument 43-101; hence they should be treated as historical data and therefore not be relied upon.
*** 536,500 MT @ 2.03 g/t Au at 1.00 g/t Au cut off

FOR MORE INFORMATION, CONSULT http://www.goldenshare.ca OR OUR FACEBOOK PAGE AT http://www.facebook.com/people/Golden-Share/100001472712018

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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