Lake Shore Gold Corp.

Lake Shore Gold Corp.

March 20, 2007 18:49 ET

Lake Shore's CFO Resigns Effective April 30, 2007

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 20, 2007) - Lake Shore Gold Corp. (TSX:LSG) announced that effective April 30, 2007, Parkash Athwal has resigned as the Company's Chief Financial Officer to pursue other interests. The Company is actively seeking a suitable candidate to replace Ms. Athwal.

Ms. Athwal has been Lake Shore's CFO since its inception in December 2002 and has assisted the Company to grow from the TSX Venture Exchange to the TSX and to one of the most influential exploration companies in the Timmins Gold Camp, with the continued development of the Timmins West Gold Project and the anticipated acquisition of the Bell Creek Mine and Mill (announced on January 31, 2007). Alan Moon, Chair of the Board, stated, "The Company and board thank Ms. Athwal for her support and contribution over the last four years and wish her well in her future endeavours."

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.

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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