Lake Shore Gold Corp.
TSX : LSG

Lake Shore Gold Corp.
Northern Superior Resources Inc.
TSX VENTURE : SUP

Northern Superior Resources Inc.

January 31, 2011 17:35 ET

Lake Shore Gold Increases Interest in Northern Superior Resources Inc.

TORONTO, ONTARIO--(Marketwire - Jan. 31, 2011) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or the "Company") today announced that the Company has acquired direct ownership of 6,730,769 common shares of Northern Superior Resources Inc. ("Northern Superior"), representing 3.8% of the outstanding shares, through a private transaction, at a price of $0.80 per common share for a total cost of $5,384,615.

As a result of this transaction, as well as prior transactions, Lake Shore Gold now holds 44,930,769 common shares, representing a 25.5% interest in the common shares of Northern Superior. Lake Shore Gold purchased the securities for investment purposes and may acquire additional securities of Northern Superior in the future.

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