Lake Shore Intersects 8.57 Grams Gold Per Tonne Over 9.00 Metres at the Thunder Creek Property in Ontario

VANCOUVER, BRITISH COLUMBIA, Mar 31 (MARKET WIRE) --
Lake Shore Gold Corp. (TSX: LSG) ("Lake Shore" or "the Company") has
received additional assay results from the Company's ongoing diamond
drill program on the Thunder Creek property near Timmins, Ontario,
including an intersection containing 8.57 grams per tonne gold over 9.00
metres in hole TC07-43.

Lake Shore President and CEO Tony Makuch said: "This new gold
intersection at Thunder Creek is located 120 metres down plunge from the
24.61 grams gold per tonne over 7.00 metres intersection previously
released in hole TC07-36 and significantly enhances our understanding of
this new mineralization and its potential. The width and grade of the
zone is very positive and the potential of this discovery continues to be
highly prospective. The zone remains open down plunge and is associated
with strong alteration and structural deformation. Drilling will continue
to further establish the geometry of the new gold zone, and explore
additional targets on the property."

The character of the mineralization in TC07-43 correlates with the
previously announced Rusk Zone intersection discovery in holes TC07-30
and TC-07-36. This mineralization is open down plunge and drilling will
continue to define the extent of this zone. Other significant
intersections include 27.21 grams gold per tonne over 0.90 metres, 8.52
grams gold per tonne over 2.05 metres and 6.33 grams gold per tonne over
2.60 metres. Some of the mineralization intersected in the current
drilling may represent new mineralized zones within the wide
alteration/structural zone being defined on the Thunder Creek property
and will be targeted for further drilling.

The Thunder Creek property represents a significant gold exploration
target consisting of 58 claim units immediately adjacent to Lake Shore's
100%-owned Timmins West property. A positive pre-feasibility study was
recently completed on Timmins West (see news release dated August 28,
2007) and an underground exploration program is currently under way.

The new intersections are located approximately 800 metres southwest of
the Timmins West shaft currently being developed as part of Lake Shore's
advanced underground exploration program. These intersections represent a
new dimension to the Thunder Creek and Timmins West properties andthe
potential of this new mineralization could significantly impact Lake
Shore's development plans as the Thunder Creek mineralization may be
accessible from the Timmins West shaft with minimum additional capital
expenses.

Results for the new holes are presented in the table below. Results from
four additional exploration holes (TC08-44, -46 AND -48 TO -50) are
pending. Drilling will continue to define the Rusk and Syenite zones and
will also target new mineralized intercepts discovered in the current
program.

Hole From To Length(a) Gold Zone Status
(metres) (metres) (metres) (grams
per
tonne)
---------------------------------------------------------------------------
TC07-34 424.80 431.40 6.60 1.62 Rusk Zone completed
including 431.00 431.40 0.40 14.10

---------------------------------------------------------------------------
TC07-35 461.40 468.70 7.30 3.79 Rusk Zone completed
including 466.10 468.70 2.60 6.33

---------------------------------------------------------------------------
TC07-37 314.15 314.45 0.30 1.37 Rusk Zone completed

---------------------------------------------------------------------------
Hangingwall
TC07-38 319.75 321.90 2.15 2.16 Volcanics completed
including 321.45 321.90 0.45 5.48
---------------------------------------------------------------------------
Hangingwall
TC07-39 271.40 271.70 0.30 4.75 Volcanics completed

Hangingwall
302.25 302.65 0.40 1.36 Volcanics

---------------------------------------------------------------------------
no significant
TC07-40 results Exploration completed

---------------------------------------------------------------------------
TC07-41 508.75 509.80 1.05 3.36 Rusk Zone completed

514.90 518.75 3.85 4.72 Rusk Zone
including 514.90 516.95 2.05 8.52

601.00 602.00 1.00 1.06 Syenite Zone

609.20 609.70 0.50 1.28 Syenite Zone

615.25 615.70 0.45 2.51 Syenite Zone

---------------------------------------------------------------------------
TC07-42 206.65 207.05 0.40 1.14 Exploration completed

---------------------------------------------------------------------------
TC07-43 463.30 492.65 29.35 4.08 Rusk Zone completed
including 483.65 492.65 9.00 8.57

---------------------------------------------------------------------------
TC07-45 436.70 448.90 12.20 1.24 Rusk Zone completed
including 443.90 444.30 0.40 9.65

---------------------------------------------------------------------------
TC08-47 284.50 285.40 0.90 27.51 Rusk Zone completed

---------------------------------------------------------------------------
TC03- no significant
06(ext) results Exploration completed

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TC04- no significant
18(ext) results Exploration completed

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TG04- no significant
50(ext) results Exploration completed

TC08-44, -46 and -48 to 50 are in progress.

(a) Represents measured core intervals as true widths are not known at
this time.
UM/S equals Ultramafic/Syenite host rocks

Lake Shore has notified its partner on the project, West Timmins
Mining Inc., that it has completed the requirements to vest a 60% option
interest in Thunder Creek and the project will move forward as a 60/40
pro-rata funded joint venture between Lake Shore and West Timmins.

Quality Control

Lake Shore has a quality control program to ensure best practices in the
sampling and analysis of drill core. Assays have been completed using a
standard fire assay with a 30-gram aliquot. For samples that return a
value greater than three grams per tonne gold, another pulp is taken and
fire assayed with a gravimetric finish. Zones with visible gold are
tested by pulp metallic analysis. NQ size drill core is saw cut and half
the drill core is sampled in standard intervals. The remaining half of
the core is stored in a secure location. The drill core is transported in
security-sealed bags for preparation at ALS Chemex Prep Lab located in
Timmins, Ontario, and the pulps shipped to ALS Chemex Assay Laboratory in
Vancouver, B.C. ALS Chemex is an ISO 9001-2000 registered laboratory
preparing for ISO 17025 certification.

The Company's Qualified Person ("QP") for the Thunder Creek property is
Jacques Samson, P.Geo. As QP he has prepared or supervised the
preparation of the scientific or technical information contained in this
press release.

About Lake Shore

Lake Shore is a mineral exploration company focused on the acquisition,
exploration and development of mineral properties with prospects for
hosting economic gold deposits in the Canadian Shield in Ontario and
Quebec. The Company holds a number of gold properties and has commenced
sinking a shaft on its 100%-owned Timmins West gold deposit near Timmins,
Ontario. Lake Shore is a reporting issuer in British Columbia, Alberta,
Manitoba, Ontario and Quebec, and trades on the Toronto Stock Exchange
under the symbol LSG.

Forward-looking Statements

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 statements.

Contacts:
Lake Shore Gold Corp.
Meghan Brown
Manager Investor Relations
(604) 685-4644
Email: mbrown@lsgold.com

Lake Shore Gold Corp.
Tony Makuch
President and CEO
(416) 703-6298
Email: info@lsgold.com
Website: www.lsgold.com

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