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[Ed Monton]

Eric, how about a little Lake Shore Gold?

Fri Sep 5, 2003
Lake Shore Adds More Drills To And Doubles The Budget At The Timmins Gold Project, Ontario

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Vancouver, BC -- Lake Shore Gold Corp. (LSG-TSXV) announced today that two additional drills will be added to the Timmins Gold Project, Timmins, Ontario. The first drill was mobilized to the property on July 22, 2003 and is currently drilling on the fourth hole. A second rig was mobilized on August 28th and has started drilling. A third rig will be mobilized within the next few days. Two rigs will concentrate on expanding the gold resource on the Main Zone, the Hanging Wall Veins 1, 2 and 3 and the Footwall and Ultramafic Zones. The third rig will test new structural targets identified in the just completed mapping and modeling programs.

The first three holes drilled in this program have intersected strong mineralization including visible gold. In addition, it is apparent that the Ultramafic Zone is thicker with depth. Drilling at holes 4 and 5 is in progress. Assay results for the first four holes will be released this month.

The current drill program has been increased to 10,000 metres from 5,000 metres and is expected to be completed by late November. In addition to extending the mineralization in each of the mineralized zones to depth, a number of holes will be drilled in the near surface environment to test the potential for a surface exposed open pit resource. The Timmins Gold Property is located 18 kilometres west of the city of Timmins, Ontario, on the west end of the Timmins Camp, which is the largest gold mining camp in North America having produced more than 70 million ounces of gold since its discovery in the early 1900's.

In 2002 Watts, Griffis McOuat Limited ("WGM") calculated an indicated mineral resource on the Property of 422,000 tonnes at an uncut grade of 17.78 grams gold per tonne (422,000 tonnes grading 13.68 grams gold per tonne cut to 50 grams gold per tonne) and 890,000 tonnes grading (cut grade) 6.4 grams gold per tonne (NI 43-101 compliant). These resource tonnage calculations were prepared by WGM using a 6 gram gold per tonne cutoff.

Gold mineralization on the Timmins Property is typical of deposits along the main Porcupine-Destor Fault Zone in the Timmins Camp. Mineralization on the Property occurs within a 150 to 200 metre wide highly altered deformation zone and includes quartz-tourmaline veins and stockworks along a volcanic-sediment contact in the Main Zone and in Hanging Wall Veins 1, 2 and 3; disseminated sulphides in altered mafic volcanics in the Footwall Zone; and disseminated sulphides/quartz veins in the Ultramafic Zone.

Past drilling has confirmed the continuity and gold grades of the Main Zone, Hanging Wall Veins 1, 2 and 3 and in the Footwall Zone from surface to a depth of 350 metres. Each of these mined zones remains open to depth. Exceptionally high-grade gold mineralization occurs in the Hanging Wall Vein Zone, where 25 metre spaced drilling within this near surface area defined an indicated mineral resource of 183,000 tonnes grading 27.47 grams gold per tonne. Highest yield gold ounces (width x grade) however, are found within the Ultramafic Zone, which is underexplored. The Ultramafic Zone, which comes to surface, has been intersected at 175 metres depth and is believed to be the up-plunge extension of the Ultramafic Zone defined by drilling between 550 and 800 metres depth. This Zone remains underexplored between surface and 550 metres depth, and unexplored below 800 metres depth.

The Timmins Property is under option from Holmer Gold Mines Limited. Under the terms of the Agreement, Lake Shore Gold can earn an undivided 50% interest in the Timmins Property by incurring exploration expenditures of $2,500,000, making cash payments of $250,000, issuing 150,000 Lake Shore Gold common shares over a three-year period and confirming that the Timmins Property contains an indicated mineral resource of at least 500,000 ounces of gold.

Lake Shore Gold is exploring for gold and base metals in the Archean Superior Province of Ontario and Québec.

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For more information, please contact:

Daniel G. Innes, President
Thomas W. Beattie, Director
Lake Shore Gold Corp.
Suite 1650-701 West Georgia Street
Vancouver, BC V7Y 1C6, Canada
Tel. [phone] [phone]
www.lsgold.com
e-mail: [e-mail]

Michael J. Byron, VP Exploration
Lake Shore Gold Corp.
1988 Kingsway, Unit G
Sudbury, ON P3B 4J8
Tel. [phone] - Fax [phone]