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

RE: EXCITING FOR LAKESHORE GOLD

[Timminsgold]

I think your comments are right on the money. It is important to note that the pre-feasibility study will only determine indicated and inferred ounces to a depth of 3,300 feet. There will not be any allowance/consideration for ore below the 3,300 foot level. So, the $100 per ounce will only relate to indicated and inferred and not to to future potential of the orebody below this level. The strongest rumour "on the street" relates to a new discovery on the Vogel property. As this property is situated between the highgrade Hoyle Pond mine and the Owl Creek mine, if the discovery is confirmed, this creates a major new scenario, The existing Hoyle Pond mill and smelter is one of the most efficient in the industry and could result in an early production scenario. EXCITING TIMES AHEAD.