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

PDAC Update!!!

[Eagle-Arc]

Was able to attend PDAC yesterday, LSG forum 3.00pm Mark Utting (VPIR.) excellent presentation,Mark spoke with confidence, outstanding knowledge of present,& future plans in the works, left no doubt of the direction designated for LSG. The audience was left with a feeling of reassurance, I know I was! I didn't take notes, so here goes from memory first mentioned, LSG's strong commitment to debt, payments actually ahead of schedule, & will continue. If AU. price stays in place for the remainder of 2015 LSG is looking at 100m + annual income. The debentures are on their minds & will be dealt with as time-money arises. The drill results have everyone excited for now, & their understanding of the properties (mineral content), is changing from previous thoughts,(for the better) mentioned results coming sometime in late March if I heard him correctly. Started drift toward 144 gap 50 + meters already, sometime in June for completion=800 m. at that time another drill will be added making it #7, go for it boy's!!! Did say probably end of this yr. for finally drill results,& updated resources. Mentioned Bell Creek 600,000+ oz. also spoke of the shaft possible work, I didn't catch it all so I don't want to lie. He did state with the current drill results, will more than replaced what they milled this year, I spoke to Mark after the meeting, said he couldn't say till results are released, but feels their have 1 mil + on the new find. As for M&A he was clear, LSG is focused on their own properties & what lies within. The mill is running at 3,350tpd can handle an increase(3,750)tpd the mill won't be touched (5500-6000) tpd.increased till debt &reserves are dealt with. If anyone can add to what I possibly missed or didn't hear by all means pipe in. As always, GLTAL's

[mary-ally-smith]

Great info Eagle-Arc, thank you so much for posting it.

[Brillo2]

Thanks EA... When I talked to Mark on Sunday, he also mentioned they would update resource numbers in March!!! This will hopefully throw a better light on our company for a couple of doubting analylists...

[goldhappy]

Thanks for sharing your information with us Eagle-Arc.

[idlefreebird]

Eagle-Arc , very much appreciated that you went out and to give us this information.Don't take this wrong but 95% of it was already in presentation therefore a little disapointed in our sockhouse board not knowing this info.The shaft that you are talking about should be down to 300 m level and that we should find out when they talk about capex for this year .But again appreciate you doing it