Lake Shore Gold’s long-term vision is to build a major gold mining producer starting from a strong base of assets in Timmins, Ontario. In Timmins, The Company believes that it has discovered the western extension of the historic Timmins Gold Camp, which has produced approximately 70 million ounces of gold over the last century. The Company also has an excellent land position on the east side of Timmins at the Bell Creek Complex and, as of August 2011, also owns a large, potential open-pit project in Fenn-Gib, located approximately 60 kilometres east of Timmins. While much work remains, the Company believes that its assets, collectively, have the potential to host substantial resources and support large-scale production. Bringing the Company’s Timmins West Mine to its full production level of 160,000 ounces per year at cash costs below US$600 per ounce is the focus of the Company’s business plan currently. Achieving this level of performance will provide a solid foundation of production and cash flow for the future development of its other assets and for its advancement into the ranks of major gold producer in the years ahead.