LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

Lake Shore Gold Forecasts 2012 Cost Savings While

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TORONTO, ONTARIO -- (MARKETWIRE) -- -- (TSX:LSG)(NYSE MKT:LSG)(NYSE Amex:LSG) ("Lake Shore Gold" or the "Company") today announced plans to target a reduction in its 2012 capital spending program of while remaining on track to achieve its key production targets, including producing 85,000 to 100,000 ounces of gold in 2012 and achieving the production ramp up for the as outlined in the Preliminary Economic Assessment ("PEA") released earlier this year. Cost reductions during the year are expected to come from lower expenditures and the deferral of some work at , changes to the timing of the Company's mill expansion to be more aligned to the ramp up in mine production, and a reduction in planned exploration spending.

https://www.lsgold.com/Investor-Centre/Press-Releases/Press-Release-Details/2012/Lake-Shore-Gold-Forecasts-2012-Cost-Savings-While-Remaining-on-Track-to-Achieve-Key-Production-Targets1129859/default.aspx