Lake Shore Gold Corp.
TSX : LSG

Lake Shore Gold Corp.

September 18, 2008 07:00 ET

Lake Shore Gold Announces Commencement of Fall Drill Program at Ti-pa-haa-kaa-ning Gold Project

- New drill program to involve 26 holes from 13 collar locations totalling 3,700 metres - New drilling follows completion of summer bedrock mapping and sampling program - Overburden sampling and mapping program completed in "Big Dam" area

TORONTO, ONTARIO--(Marketwire - Sept. 18, 2008) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or the "Company") today announced that Northern Superior Resources Inc. ("Northern Superior"), the Company's 50% joint venture partner and project operator in the Ti-pa-haa-kaa-ning gold property ("Ti-pa-haa-kaa-ning" or the "Property") in northwestern Ontario, has commenced a new drill program at the Property. The new drill program follows detailed bedrock mapping and sampling in the eastern part of the 33,248 hectare Ti-pa-haa-kaa-ning property over the course of the summer where several existing gold and base metal showings are located. Northern Superior previously reported historical and current anomalous gold assay results from bedrock grab samples collected from this area (see Northern Superior press release, January 21st, 2008). A total of 26 holes from 13 collar locations are expected to be drilled as part of the fall drill program for a total of approximately 3,700 metres.

Tony Makuch, President and CEO of Lake Shore Gold, commented: "Northern Superior continues to make good progress exploring and evaluating the very large and highly-prospective Ti-pa-haa-kaa-ning property. The summer exploration program was successful in improving our understanding of the gold and base metal potential of the eastern part of the Property. The new drill program is designed to further evaluate this potential by defining the strike, width and length of a number of prospective gold-bearing structures that have been identified in the area."

In addition to the work being conducted in the eastern part of the Property, a detailed overburden sampling and mapping program has been completed in the area of the gold grain dispersal apron, now referred to as the "Big Dam" area, located in the north central portion of the Property. The dispersal apron, first announced in the fourth quarter of 2007, averages 10.02 gold grains per kilogram of overburden and is two kilometers long with an estimated strike length of at least six kilometers.

It is expected that the results from this program will define a clear cut off for the source of the gold grains associated with this highly-prospective gold grain dispersal train (see Lake Shore Gold press release, October 15th, 2007). These results, combined with the data derived from an Induced Polarization Geophysical survey currently being conducted, are expected to define drill targets for either the fourth quarter of 2008 or first quarter of 2009.

About Lake Shore Gold

Lake Shore Gold Corp. is a mineral development and exploration company that is rapidly moving towards gold production through a portfolio which includes an existing processing facility and a number of quality mineral properties located in the Timmins gold mining district of northern Ontario and Quebec. The Company is moving forward with an advanced exploration program at its 100%-owned Timmins West property, and is also driving a ramp that is expected to lead to first gold production from Timmins West by early in 2009; is nearing completion of refurbishing work at its 100%-owned Bell Creek mill; and is continuing drilling programs at a number of other prospective properties. The Company's common shares trade on the Toronto Stock Exchange under the symbol LSG.

Forward-looking Statements

Certain statements in this press release relating to the Ti-pa-haa-kaa-ning project are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management's best judgment based on current facts and assumptions that management considers reasonable, including that demand for products develops as anticipated, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labour disturbances, interruption in transportation or utilities, or adverse weather conditions, and that there are no material unanticipated variations in the cost of energy or materials or supplies. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Lake Shore Gold's regulatory filings which are posted on sedar at www.sedar.com.

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