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

World Class Deposit?

[Goodwithtoys]

I had a lengthy discussion with Chris Dupont the other day. (Pres EXS) Firstly, he confirmed that we are absolutely going to drill adjacent to the Glencore Kidd mine, as soon as the permit is granted. Secondly, we talked about the relationship between the Lake Shore Gap 144 drilling results, and Explors Timmins Porcupine West results. He recalled a meeting he had with Tony Makuch of LSG, and the following constitutes roughly what he said, I believe that the structure in the West Timmins Camp which includes Lakeshore & Explor consists of several parallel en-eschellon shear zones. (in approximately parallel formation at an oblique angle to a particular direction). I met with Tony a year or two ago and we discussed my belief about the geology before he (LSG) started drilling what they call their 144 gap zone. He had the money to do this drilling, while we did not, so we (EXS) opted for an Earn-In Agreement with Teck Resources. The results LSG announced recently are highly relevant to Explor as they provide further validation of our Hollinger, McIntyre model indicating high grade gold at depth in parallel shear zones. I asked him if he really believed we could have a gold bearing structure that stretches the entire distance between Explors TPW, and LSGs Gap 144, and without hesitation, he said that is very possible.