DIAMOND EXPLORATION – Shaft to be sunk at Fort a la Corne JV

SASKATCHEWAN - Fort a la Corne joint venture partners SHORE GOLD (60%) of Saskatoon and NEWMONT MINING CANADA (40%) of Denver, Colo., plan to sink a shaft in the Orion South kimberlite to facilitate bulk sampling. The JV committee has approved spending $12 million to sink the shaft to 210 metres below surface by Q2 2008.

The project is already moving quickly. The freeze wall to stabilize the overburden is already in place and the freeze plant was commissioned in mid-September. The shaft collar has been cemented and sinking has begun with a clam shell excavator. Erection of the headframe is to be completed by the end of October. The finished inside shaft diameter will be 4.5 metres.

Senior VP exploration and development George Read of Shore Gold said the location of the shaft will permit access to the three dominant kimberlite lithologies in Orion South - Pense, EJF1 and EJF2. A non-NI43-101-compliant estimate puts the amount of diamondiferous kimberlite in these three zones at 300 million to 330 million tonnes.

The Fort a la Corne joint venture has a total budget of $66.5 million for evaluation of the Orion kimberlite cluster. Maps and photos are available at www.ShoreGold.com.