Golden Share Mining Corporation
TSX VENTURE : GSH

Golden Share Mining Corporation

January 19, 2011 09:20 ET

Golden Share Welcomes Anthony Frizelle and Sethu Raman as Strategic Advisors to the Company

MONTREAL, QUEBEC--(Marketwire - Jan. 19, 2011) -Golden Share Mining Corporation ("Golden Share") (TSX VENTURE:GSH) is pleased to announce the appointment of Mr. Anthony Frizelle and Dr. K. Sethu Raman as Strategic Advisors to the Company.

Mr. Frizelle was the Founder and Managing Director of Merchant Banks, Resource Management & Finance Company Ltd. and RMF (UK) Ltd. Following a 20 year career spanning key management positions including the major international mining group Anglo American and Managing Director of Trade and Structured Finance at Philipp Brothers Inc./Salomon Inc., Mr. Frizelle founded, listed and promoted 11 junior mining companies including Mutual Resources, Golden Knight Resources, Jubilee Platinum plc, Nu Energy Corporation and Pan African Resources. In the process, these companies and their successors raised in excess of $750 million dollars of capital and lucrative exit strategies were implemented for early stage investors.

Dr. Raman is a professional geologist with over 40 years of international experience in all phases of exploration, mine development, acquisitions and operations including financial and legal areas. He spent 13 years with Campbell Chibougamau Mines, Campbell Resources and Royex Gold Group (now Barrick Gold) in various management positions including Vice President (1980-86) where he played a key role in the discovery and development of six operating gold mines. Dr. Raman was particularly instrumental in the resurgence of the West Timmins camp where he discovered the Timmins Gold Deposit for which he later negotiated a business combination with Lake Shore Gold Corporation. Dr. Raman is currently a director of Red Crescent Resources Limited, Moneta Porcupine Mines and Altai Resouces Inc.

Philippe Giaro, President and CEO, stated "We are delighted to have Mr. Frizelle and Mr. Raman join the Advisory Board of the Company. Their remarkable financial and technical track record with junior companies has earned them a very respected position in the mining industry. Their experience and contacts will prove extremely valuable for the strategic development of the Company and their acceptance of this mandate further underpins the quality of Golden Share's property portfolio and management."

About Golden Share Mining Corporation

Golden Share Mining Corporation is a new Canadian exploration company targeting eastern Canada's gold belts. The Company has 65 M O/S, a cash position of $1M and no debt. Golden Share development's 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 :

  • Past producing high grade Au-Ag Berens River Mine to be redeveloped 
  • NI 43-101 compliant resources on Pistol Lake (150,000 oz Au Inferred Resources*) 
  • NI 43-101 compliant resources on Forsan (35,000 oz Au Inferred Resources**)
  • New discoveries in the Cadillac break environment

The Company also wishes to announce it has granted insiders a total of 250,000 stock options exercisable at $0.13 per share until January 10th 2016.

* 2,857,200 MT @ 1.64 g/t Au at 1.00 g/t Au cut off
** 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/#!/profile.php?id=100001472712018&v=wall.

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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