Lake Shore Gold Corp.
TSX VENTURE : LSG

Lake Shore Gold Corp.

August 18, 2005 14:09 ET

Lake Shore Appoints New Directors and Chair

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 18, 2005) - Lake Shore Gold Corp. (TSX VENTURE:LSG) is pleased to announce the appointment of Mr. Alan C. Moon and Mr. A. Terrance MacGibbon to the Board of Directors. Mr. Moon has also been appointed Chair of the Board of Directors of the Company, replacing Mr. Daniel G. Innes who will remain on the Board as a director.

Mr. Moon is a former senior executive with significant business experience both internationally and domestically, and brings to the board a strong and diversified business background. Mr. Moon, a professional engineer with an MBA, serves on the board of directors of a number of other public and private companies.

Mr. MacGibbon is President and CEO of FNX Mining Company Inc., a nickel-copper-platinum-palladium-gold producer, developer and explorer based in the Sudbury Basin mining camp. He is a professional geologist with over 33 years experience in the mining business and has held directorships and senior executive positions in several public exploration and mining companies. FNX Mining is a major shareholder of Lake Shore Gold.

The Board of Lake Shore Gold has agreed to grant the two new directors incentive options to purchase an aggregate of 150,000 shares of the Company, exercisable at a price of $0.80 per share for a period of five years.

Mr. John G. Paterson and Mr. Anthony R. Harvey have resigned as directors of the Company and the Board acknowledges their dedication and the contributions they made to the Company.

Lake Shore Gold is exploring for gold and base metals in the Archean Superior Province of Ontario and Quebec. The Company has a strong treasury and is debt free.

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 statement.


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

Contact Information

  • Lake Shore Gold Corp.
    Daniel G. Innes
    Director
    (604) 669-3533
    (604) 688-5175 (FAX)
    or
    Lake Shore Gold Corp.
    Brian R. Booth
    President
    (705) 525-0992
    (705) 525-7701 (FAX)
    or
    Lake Shore Gold Corp.
    Dr. Michael J. Byron
    VP, Exploration
    (705) 525-0992
    (705) 525-7701 (FAX)
    info@lsgold.com
    www.lsgold.com