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

from the latest MD&A

[Vanchester]

"As of May 25, 2011, the Company had 22 drills active on its properties, including 8 drills at

Timmins Mine (4 underground drills relating to the Timmins deposit and 3 underground drills and

1 surface drill related to Thunder Creek), 3 surface drills at the Gold River Trend, 4 surface drills

at the 144 property and 5 surface and 2 underground drills at the Bell Creek Complex. The

Company was also managing 1 surface drill at the RT Minerals Corp./Adventure Gold Inc.

(“RTM/AGE”) option property, on behalf of RT Minerals Corp. One drill rig is currently active at the Marlhill property.

v.