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

Lake Shore Gold Reports Nine Month and Third Quarter 2015

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TORONTO, ONTARIO--(Marketwired - Oct. 29, 2015) - Lake Shore Gold Corp. (TSX:LSG)(NYSE MKT:LSG) ("Lake Shore Gold" or the "Company") today announced financial and operating results for the first nine months ("9M/15") and third quarter ("Q3/15") of 2015. Full details of the results are provided in the Company's Consolidated Financial Statements and Management's Discussion & Analysis, which are available on the Company's website at www.lsgold.com and on SEDAR at www.sedar.com. Key highlights of 9M/15 results include: Gold production of 136,200 ounces (40,600 ounces in Q3/15) Gold sales of 141,300 ounces (42,800 ounces in Q3/15) Cash operating costs(1) of US$567 (based on total production costs(2) of $101.2 million) (US$604 in Q3/15 based on production costs of $33.9 million) All-in sustaining costs(3) of US$845 (US$924 in Q3/15) Record revenue of $209.6 million ($63.0 million in Q3/15) Record cash earnings from mine operations(4) of $108.8 million ($29.2 million in Q3/15) Net earnings of $13.2 million or $0.03 per common share (net loss of $0.6 million or $0.00 per common share in Q3/15) Cash flows from operating activities of $81.6 million ($19.3 million in Q3/15).