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

RE: Booth Has No Credibilty

[Timminsgold]

BB's lack of action and his inability to keep shareholders fully informed of how he is managing all of the LSg's assets; i.e Cuba's silver; the Quebec copper at Chicougama; the gold property at Wawa, as well as Timmins West, Volgel/Schumach et al. The lack of action (perhaps his lack of experience) has resulted in the LSG shareholder value continuing to decline. Shareholders will only be satisfied when the market place truly reflects the underlying value of all of our assets. As the LSG story has not been effectively told to the world, or our current shareholders, the demand for LSG shares is extremely soft. Consquently, the price is declining and BB is not meeting his mandate of increasing shareholder value. He is playing in the major leagues and managing a junior company with great assets. Unfortunately, he is out of his depth.