Lake Shore Gold Corp. expected to Report Fiscal Year 2009 Results on March 8, 2010. This event was calculated by Capital IQ (Created on November 13, 2009).

Lake Shore Gold Corp. announced encouraging results from 14 new holes and 3 wedge holes (6,181 m) at the Company's 100% owned Bell Creek property. The most significant results being reported are from wedge hole BC-09-53A, which intersected 5.13 gpt Au over 26.40 m, including higher grade zones of 9.75 gpt over 5.60 m and 12.80 gpt over 1.50 m, and 8.19 gpt Au over 1.80 m. BC-09-53A intersected mineralization approximately 940 m below surface and 45 m above previously announced BC-09-53, which returned 12.67 gpt over 14.40 m (see press release dated October 1, 2009) and 75 m west of BC-09-24B, which returned 12.63 gpt over 11.65 m (see press release dated July 21, 2009). The results of BC-09-53A, together with the earlier intercepts, provide confirmation of the presence of a large gold system at depth at Bell Creek and support the company's belief that there is potential to identify significant new resource ounces at the property. Among other results, BC-08-63 intersected 5.61 gpt Au over 7.10 m and BC-08-09C intersected 7.67 gpt Au over 3.60 m and 5.94 gpt Au over 5.80 m in a key gap of the projected shallow east plunging system below the Bell Creek mine. These holes confirm the continuity of high grade mineralization between 575 m and 1,000 m below surface where there was a large gap between drill intersects. In addition to new holes being reported, newly received assays from previously released BC-09-24F include 5.55 gpt Au over 3.0 m and 11.25 gpt Au over 1.00 m and from BC-09-53 include 5.20 gpt Au over 1.05 m and 4.99 gpt Au over 2.00 m. These new intercepts suggest the potential for additional zones on the footwall near the new deep intersections which could increase the average width of mineralization on any particular elevation below 525 metres to levels well beyond the historic mining widths of 1.5 to 2.0 metres.

Lake Shore Gold Corp. announced encouraging results from 21 underground holes (4,417 m) from the 525 m and 650 m Levels of the company's 100% owned Timmins Mine Property. The holes represent the continuation of an ongoing drilling and bulk sampling program which is testing the continuity and grade of the Ultramafic Zone and Footwall Zone between the 650 m and 525 m Levels. Current drilling from 650 m Level is being done on 12.5 m centres and targeting a 50 m horizontal slice above the 650 m Level which will be part of the first test stope. Key intercepts from the 21 holes include: 16.41 gpt over 14.20 m (including 114.00 gpt over 0.70 m) and 13.26 gpt over 12.70 m (including 63.37 gpt over 1.20 m) and 52.89 gpt over 5.75 m. Holes drilled intersected grades and widths consistent with previous surface drilling, with the overall size and shape of the main Ultramafic Zone being shown to be similar to previous projections, based on current drilling. In addition, Hole 525-005 intersected high-grade mineralization in areas outside of the existing resource at the 525 Level, including grades of 7.19 gpt over 14.15 m and 4.99 gpt over 15.50 m. New high-grade lenses were identified on the 650 m Level between the Ultramafic and Footwall zones, including 10.79 gpt over 4.10 m in Hole 650-023 and 14.67 gpt over 3.75 m in Hole 650-025a. New modeling and resource estimation for the 50 m horizontal slice above the 650 Level being evaluated, using inverse distance squared block modeling and a 50 gpt capping factor, suggests that tonnage and ounces for the Utramafic Zone resource could be expanded from the most recent 43-101 resource calculation at similar grades. At present 54 holes and 8,144 m of diamond drilling have been completed on the 650 level with 32 holes and 3,596 m remaining to be reported. An additional 28 holes (6,012 m) have been drilled on the 525 m Level with results for three holes being reported to date. Based on positive results so far a development ramp is now in progress to access the area approx 20 m above the 650 m Level where ore definition for the first mining block and bulk sampling will continue.