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

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Ink is not even dry from purchasing adjacent property to Vogel but heres are long awaited results: VANCOUVER, British Columbia (Business Wire) -- Lake Shore Gold Corp. (TSX VENTURE:LSG) reports results from its Phase 1 diamond drill program on the Company's 100% owned Vogel Property, located in the Timmins Gold Camp, Ontario. Eighteen shallow holes (V-05-01 to 18 for a total of 4,476 metres) were drilled from August to November 2005 to test for the presence of flat veins on the Property, which have not been the focus of any previous drill program yet constitute a very important high-grade gold host within the adjacent Hoyle Pond Mine. Program highlights include: - flat vein intersections of: 28.80 grams gold per tonne over 1.30 metres 28.80 grams gold per tonne over 1.30 metres 98.08 grams gold per tonne over 0.50 metres 208.85 grams gold per tonne over 0.22 metres 166.79 grams gold per tonne over 0.78 metres - subvertical vein intercepts of: 12.07 grams gold per tonne over 1.00 metres 13.60 grams gold per tonne over 1.40 metres - deep intercepts of: 32.98 grams gold per tonne over 1.00 metres 18.10 grams gold per tonne over 1.00 metres The Company recently announced the acquisition of the adjacent and contiguous Schumacher ground to the west (see news release dated December 2, 2005), thus consolidating 1.6 kilometres of the main mine stratigraphy between the Hoyle Pond Mine to the east (current producer) and the Bell Creek Mine to the west (former producer), as well as the known westward extension of the gold bearing flat veins and northeasterly veins. "The success in confirming the existence and abundance of new high-grade gold bearing quartz veins on the Vogel Property and the acquisition of the adjacent Schumacher Property significantly strengthens the potential to discover additional high-grade veins along 1.6 kilometres of the key mineralized horizon and could add significantly to the Company's gold resources on the Vogel/Schumacher properties," said Brian Booth, President of Lake Shore Gold. In March 2005 the Company purchased 100% of Black Hawk Mining Inc.'s interest in the mining lease on the Vogel Property. The Vogel Property consists of one mining lease (approximately 160 acres) in Hoyle Township, within the eastern part of the Timmins Gold Camp, which straddles an 800 metre section of the favorable gold bearing stratigraphy between the Hoyle Pond and Bell Creek gold deposits. The Hoyle Pond Mine, located two kilometres to the east of the Vogel Property, has the highest head grade of all significant past and present gold producers in the Timmins Gold Camp, and the Bell Creek deposit is located 1.4 kilometres to the west of the Vogel Property. The Vogel Property has been explored by several companies in the past and contains an historic (not National Instrument 43-101 compliant) CIM measured and indicated resource estimate of 642,999 tonnes at 12.7 grams per tonne gold and an inferred resource of 933,800 tonnes at 12.7 grams per tonne gold (Kinross Annual Report). Flat Vein Drill Program (holes V-05-03 to 11 inclusive and V-05-16) Ten vertical holes (each less than 200 metres in length) were drilled within 60 metres of the western Property boundary, an area that has had very little exploration activity, to test for the presence of high-grade gold flat quartz/carbonate veins. Two north-south drill fences were completed with holes spaced 30 metres apart. Previous to this, flat veins had not been documented on the Property, nor had they been the focus of any previous drill program, yet they represent an important high-grade host at the adjacent Hoyle Pond Mine. The program proved successful as mineralized flat veins were intersected at 65, 90, 140, and 170 metres below surface. Their corresponding assays and elevation intercepts are reported below. Flat vein structures intersected to date range in thickness to 1.15 metres, usually carry visible gold, up to 5% pyrite, and trace amounts of sphalerite, pyrrhotite, and chalcopyrite. At the Hoyle Pond Mine, flat veins, similar to those intersected at the Vogel Property, are reported to widths in excess of 2.0 metres. Several gold intersections are reported below from subvertical veins similar to historic V1, V2, V3 veins documented by previous operators. Due to the success of this program, the Company is currently planning additional drilling to target flat veins elsewhere on the Vogel Property and at greater depth. This second phase program will also include a resource expansion drilling program on the current Vogel resource base. --------------------------------------------------------------------- --------------------------------------------------------------------- Gold From To Length(i) (grams Hole No. Section (metres) (metres) (metres) per tonne) Zone --------------------------------------------------------------------- 65 Metre Depth Flat Vein --------------------------------------------------------------------- V-05-04 6930 E 51.75 52.65 0.90 9.42 flat --------------------------------------------------------------------- V-05-06 6930 E 68.25 69.40 1.15 4.25 flat --------------------------------------------------------------------- 90 Metre Depth Flat Vein --------------------------------------------------------------------- V-05-04 6930 E 85.55 85.90 0.35 4.80 flat --------------------------------------------------------------------- V-05-05 6930 E 89.80 90.30 0.50 98.08 flat --------------------------------------------------------------------- V-05-06 6930 E 87.70 87.92 0.22 208.85 flat --------------------------------------------------------------------- V-05-08 6930 E 101.00 101.50 0.50 6.22 flat --------------------------------------------------------------------- V-05-09 6955 E 94.00 94.50 0.50 12.90 flat --------------------------------------------------------------------- 140 Metre Depth Flat Vein --------------------------------------------------------------------- V-05-06 6930 E 131.25 131.95 0.70 2.06 flat --------------------------------------------------------------------- V-05-11 6955 E 139.25 139.60 0.35 33.17 flat --------------------------------------------------------------------- 170 Metre Depth Flat Vein --------------------------------------------------------------------- V-05-09 6955 E 180.02 180.80 0.78 166.79 flat --------------------------------------------------------------------- Subvertical zones --------------------------------------------------------------------- V-05-04 6930 E 95.00 96.50 1.50 3.15 VI --------------------------------------------------------------------- V-05-09 6955 E 113.50 114.90 1.40 3.28 V3 --------------------------------------------------------------------- V-05-10 6955 E 207.50 209.00 1.50 3.76 V1 --------------------------------------------------------------------- V-05-11 6955 E 168.85 170.00 1.15 3.58 VI --------------------------------------------------------------------- V-05-16 6955 E 53.00 54.00 1.00 12.07 V5 --------------------------------------------------------------------- --------------------------------------------------------------------- (i) core widths Drill Holes V-05-12 to 15 inclusive Four holes were drilled in the central portion of the Vogel Property to confirm a gold intercept reported by Black Hawk Mining Inc. in 1995, and to verify vein attitudes. New intercepts reported below reveal gold mineralized horizontal and subvertical quartz-carbonate veins, thus confirming that gold-bearing flat veins are present elsewhere on the Property, and have yet to be fully evaluated. These vein sets, especially where they intersect one another, will be targeted in future drill programs as in this environment and specifically at the adjacent Hoyle Pond mine, the intersection of these vein structures has proven to be a focus for wide zones of bonanza grade gold mineralization. --------------------------------------------------------------------- --------------------------------------------------------------------- Gold From To Length(i) (grams Hole No. Section (metres) (metres) (metres) per tonne) Zone --------------------------------------------------------------------- V-05-12 7207 E 96.25 96.70 0.45 22.50 flat --------------------------------------------------------------------- V-05-12 7207 E 102.50 103.90 1.40 13.60 V1 N --------------------------------------------------------------------- V-05-12 7207 E 137.60 138.70 1.10 4.49 V4 --------------------------------------------------------------------- V-05-13 7207 E 114.80 116.10 1.30 28.88 V1 S-flat --------------------------------------------------------------------- V-05-13 7207 E 130.00 130.65 0.65 10.23 flat --------------------------------------------------------------------- V-05-13 7207 E 138.25 139.20 0.95 3.06 flat --------------------------------------------------------------------- V-05-13 7207 E 149.00 149.55 0.55 7.36 V1 N-flat --------------------------------------------------------------------- V-05-13 7207 E 150.30 151.60 1.30 5.14 flat --------------------------------------------------------------------- V-05-15 7230 E 93.50 94.00 0.50 9.64 flat --------------------------------------------------------------------- V-05-15 7230 E 104.70 106.30 1.60 3.25 flat --------------------------------------------------------------------- V-05-15 7230 E 106.30 107.80 1.50 13.30 flat --------------------------------------------------------------------- V-05-15 7230 E 142.10 144.00 1.90 5.00 flat --------------------------------------------------------------------- --------------------------------------------------------------------- (i) core widths Drill Hole V-05-18 Near the east boundary of the Vogel Property hole V-05-18 was drilled to explore for subvertical and flat veins reported to exist on the adjacent Owl Creek West Property held by the Porcupine Joint Venture and Thundermin Resources Inc. Several quartz stringers and veins with visible gold along with minor pyrite and sphalerite were intersected within 50 metres of the mafic/ultramafic volcanic contact at depths between 400 and 450 metres. Significant assays are reported below. --------------------------------------------------------------------- --------------------------------------------------------------------- Gold From To Length(i) (grams Hole No. Section (metres) (metres) (metres) per tonne) Zone --------------------------------------------------------------------- V-05-18 7700 E 414.5 415.2 0.7 11.04 - --------------------------------------------------------------------- V-05-18 7700 E 428 430 2.00 2.97 - --------------------------------------------------------------------- V-05-18 7700 E 434 435 1.00 18.10 - --------------------------------------------------------------------- V-05-18 7700 E 441 442 1.00 32.98 - --------------------------------------------------------------------- --------------------------------------------------------------------- (i) core widths Two holes (V-05-01 and 02) explored the north mafic volcanic package in the centre of the Property and no significant gold values were intersected. Additional holes in this area will test the stratigraphy to the 350-400 metre depth and also explore for northeast trending structures as was done in a 2005 drill campaign by the Porcupine Joint Venture on their nearby Bell Creek Mine Property. A third target type exists that was not tested during the Phase 1 drill program. Northeast trending (30 degrees - 50 degrees) relatively shallow southeast dipping veins (known to occur within the main mineralized horizon on adjacent properties) represent another exploration opportunity that the Company believes could add value to the Vogel resource. Quality Control Lake Shore Gold has implemented a quality-control program to ensure best practice in the sampling and analysis of the drill core. NQ size drill core is saw cut and half the drill core is sampled in standard intervals. Pulp metallic analysis was done on all initial fire assays (30 grams sample) which were greater than 5 grams gold per tonne. The remaining half of the core is stored in a secure location. The drill core is transported in security-sealed bags for analysis at Swastika Labs in Swastika, Ontario, an ISO9001-2000 BSI Registered laboratory. Standards and blanks are submitted every 20 samples and every twentieth sample is reanalyzed by the lab. The above resource estimates for the Vogel Property are historic and the Company is not treating the estimates as a National Instrument 43-101 defined resource. The Company has not completed the work necessary to verify the classification of the resource and as such any historic estimates should not be relied upon. The exploration program is being supervised by Dr. Michael J. Byron, P.Geo, the Qualified Person for the Company. Lake Shore Gold is exploring for gold and base metals in the Archean Superior Province of Ontario and Quebec. The Company has a strong treasury and no long-term debt. Forward-Looking Statement Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement. ¶ Lake Shore Gold Corp. (TSX VENTURE:LSG) Lake Shore Gold Corp. Daniel G. Innes Director [phone] Fax: [phone] OR Lake Shore Gold Corp. Brian R. Booth President (705) 525-099 Fax: [phone] OR Lake Shore Gold Corp. Dr. Michael J. Byron VP, Exploration (705) 525-099 Fax: [phone] [e-mail] www.lsgold.com © Business Wire