Lake Shore Gold Corporation (LSG)

[NYBob]

Lake Shore Gold Reports Strong Second Quarter Production of 24,426 Ounces of Gold
TORONTO, ONTARIO--(Marketwire - July 4, 2012) -



Gold production for second quarter 2012 of 24,426 ounces with
183,215 tonnes milled at average grade of 4.3 grams per tonne ("gpt")

Gold poured during second quarter of 24,298 ounces, while gold
sales totaled 24,915 ounces at an average gold price
of US$1,605 per ounce

Continued strong mill performance including average mill
throughput of 2,013 tonnes per day ("tpd") and average
recoveries of 96.8%

Company remains on track to achieve target of 85,000 to
100,000 ounces of gold poured in 2012 and to exit
year positioned for strong production growth in 2013

Exploration success during second quarter included major
extensions of high-grade core at Gold River Project and
expansion of Fenn-Gib mineralization in multiple directions, as
well as identification of new exploration targets at both
projects

Cash resources, bullion inventory and Sprott credit facility
provide Company with total capital resources of approximately
$120 million.

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http://www.lsgold.com/Investor-Centre/Press-Releases/Press-Release-Details/2012/Lake-Shore-Gold-Completes-Credit-Facility-Agreement-for-Up-to-70-Million-With-Sprott-Resource-Lending-Partnership1129866/default.aspx

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http://www.lsgold.com/