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

RE: market depth....certainly less sellers now

[Timminsgold]

When someone says that 60% of the gold is un-mineable, it is an absolute crock and that type of b.s. is not worthy of being posted. The metalurgical tests continue to suggest the gold is free flowing and at least 50% is separated without being subjected to acid. The ore is excellent and should result in a very low cost mining operation. Prior to the LSG amalgamating with HGM, I had been advised by a HGM consultant, that HGM had blocked out a minimum of 10 years millfeed. I do not recall how many thousand tons per day the proposed mill was going to operate at, but I would guess they were talking about 2,000 t/p/d. It is exactly three years since I was told this information. The results as reported by LSG (when they do report drilling results) continue to be very good and no doubt we are talking about in excess of 2,000,000 tons of approximately 10 g/t ore at the Dr. Raman orebody at Timmins west. There will always be touts who are motivated to knock the quantity and quality of the ore. DO NOT BELIEVE IT. Unfortunately, LSG management continues to use the manure treatment when addressing the shareholders of LSG (keep the in the dark, feed them lots of b.s. and tell them nothing. The promised a pre-feasibilty study for mid late year 2005. This was changed to 1st quarter 2006, which leaves 8 days to release the results. The real news releases are few and far between. Managaement should be taken to task, but as they hide in the Vancouver offices and do not respond to shareholder phone calls, their image making machine when ranked on a scale of 1 to 10, is probably a 2.5. Let the lSG shareholders pray that during the last days in March 2006, we are presented with the pre-feasibility study results and have reason to celebrate.