Lake Shore Gold Announces Appointment of Mario Stifano As Vice- President and Chief Financial Officer

TORONTO, ONTARIO–(Marketwire – Sept. 25, 2008) – Lake Shore Gold Corp. (TSX:LSG) (“Lake Shore Gold” or “the Company”) is pleased to announce the appointment of Mario Stifano to the position of Vice- President and Chief Financial Officer (“CFO”), effective October 15, 2008.

Mr. Stifano is a chartered accountant who brings to Lake Shore Gold more than 15 years of corporate finance experience, including extensive work in the mining sector. Most recently, he was Vice- President and Chief Financial Officer of Ivernia Inc., an international base metals company based in Toronto, where he completed numerous debt and equity financings, and oversaw the implementation of the financial controls, processes and corporate financing strategies required to bring the Magellan lead mine in Western Australia from the development stage into production. Prior to joining Ivernia, Mr. Stifano’s experience included holding a number of senior finance roles at Noranda Inc., as well as serving as Vice-President of Finance for Investment Administration Sciences, Inc. of Toronto, and Director of Corporate Development for Newcourt Group.

Anthony (Tony) Makuch, President and CEO of Lake Shore Gold, commented: “Mario’s extensive experience will be very valuable as we continue to pursue opportunities to grow Lake Shore Gold from our existing strong base of projects. In the current market environment, we believe there is significant potential for well capitalized companies like Lake Shore Gold to grow through acquisitions, joint ventures and other initiatives, and Mario will play a key role as we execute our plans in these areas.”

About Lake Shore Gold

Lake Shore Gold Corp. is a mineral development and exploration company that is rapidly moving towards gold production through a portfolio which includes an existing processing facility and a number of quality mineral properties located in the Timmins gold mining district of northern Ontario and Quebec. The Company is moving forward with an advanced exploration program at its 100%- owned Timmins West property, and is also driving a ramp that is expected to lead to first gold production from Timmins West by early in 2009; is nearing completion of refurbishing work at its 100%- owned Bell Creek mill; and is continuing drilling programs at a number of other prospective properties. The Company’s common shares trade on the Toronto Stock Exchange under the symbol LSG.

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