Lake Shore Gold Corp.
TSX : LSG

Lake Shore Gold Corp.

April 30, 2007 08:00 ET

Lake Shore Receives Approval to Initiate Advanced Underground Exploration at Timmins West

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 30, 2007) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore" or "the Company") has received notice of acceptance of its certified closure plan for the Timmins West project from the Ontario Ministry of Northern Development and Mines (MNDM).

A certified closure plan must be accepted by MNDM before the Company starts advanced exploration or mine production. The closure plan is an environmental review of the project, describes measures to rehabilitate the site, and provides financial assurance for the rehabilitation.

Notice of acceptance of the closure plan allows Lake Shore to initiate the advanced exploration program, which will include environmental and mine engineering, surface infrastructure, shaft and/or ramp construction, scheduling, underground drilling and bulk sampling. The program is expected to take 24 months to complete, during which time resource expansion and exploration drilling programs will continue.

Lake Shore President and CEO, Brian Booth, said: "Acceptance of the closure plan is a major regulatory requirement and represents a significant milestone in the development of Timmins West. Contracts have been awarded for road and bridge construction and work is already under way. We are drilling the pilot hole for the shaft, which will provide access to mineralization and allow us to take a 20,000-tonne bulk sample and drill the deeper zones of the deposit from underground. We really appreciate the support that we have received for this project from the Ontario government, the municipality of Timmins, and local communities."

Completion of the pre-feasibility study at Timmins West is expected by the end of the second quarter. The pre-feasibility study contemplates using the Bell Creek mill, which Lake Shore is in the process of acquiring from the Porcupine Joint Venture(1), as the location for processing ore from Timmins West. The Bell Creek mill has been on care and maintenance since 2002. Lake Shore's preliminary review indicates it can be made operational quickly and with low capital cost.

Timmins West is Lake Shore's most advanced property, with gold mineral resource estimates totaling 1.3 million ounces in the indicated category and 200,000 ounces in the inferred category(2).

About Lake Shore

Lake Shore is a mineral exploration company engaged in the acquisition and exploration of mineral properties with prospects for hosting gold and base metal deposits. The Company is currently active in Canada and holds a number of mineral resource properties, either directly or through option agreements, in Ontario and Quebec. Lake Shore is a reporting issuer in British Columbia, Alberta, Manitoba, Ontario and Quebec, and trades on the Toronto Stock Exchange under the symbol LSG.

(1) In January 2007 Lake Shore announced it had entered into an agreement with the Porcupine Joint Venture to acquire the Bell Creek mine and mill. For details refer to Lake Shore's news release dated January 31, 2007, available on www.lsgold.com.

(2) As announced on November 20, 2006, Timmins West hosts gold resources totaling 1.29 million ounces (uncut) in the indicated category and an additional 207,000 ounces (uncut) in the inferred category. The indicated resource contains 3.3 million tonnes of ore grading 12.29 grams per tonne (uncut), and the inferred resource contains 968,000 tonnes grading 5.79 grams per tonne (uncut). Lake Shore's Qualified Person ("QP") for Timmins West is Jacques Samson, P.Geo. As the QP he has prepared or supervised the preparation of the scientific or technical information for the property. For details refer to Lake Shore's news release dated November 20, 2006, available on www.lsgold.com.

Forward-looking Statements

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 statements.

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