Lake Shore Gold Corp. Announces Management Changes: Financial News

TORONTO, ONTARIO--(MARKET WIRE)--Mar 24, 2008 -- Lake Shore Gold Corp. (Toronto:LSG.TO - News) ("Lake Shore" or "the Company") is pleased to announce the appointment of Chris Stewart to the position of Vice President, Operations and Merushe (Meri) Verli as Vice-President Finance and Corporate Controller.

Mr. Stewart is a mining engineer with 15 years experience in the mineral industry and a strong track record in mining services and operations. He has held management positions with several Canadian mining services companies including TESC Mining Services Inc., Dynatec Corporation and BLM Mining Services Inc. Most recently he was a Vice President at TESC Mining Services Inc. Mr. Stewart holds a B.Sc., Mining Engineering from Queen's University in Kingston, Ontario and is a licensed professional engineer. He is a member of the Canadian Institute of Mining, the Ontario Society of Professional Engineers and the Ontario Mine Contractors Safety Association. Mr. Stewart will be based in Timmins.

Lake Shore has also appointed Merushe (Meri) Verli to the position of Vice President, Finance and Corporate Controller. Ms. Verli is a Chartered Accountant with more than a decade of experience in public practice with KPMG. Prior to joining Lake Shore she was a Senior Manager in the firm's audit practice. While at KPMG, Ms. Verli played a lead role in a number of prospectus offerings for mineral companies, including both equity offerings and debt financings. In addition to her accounting experience and professional designation, Ms. Verli also holds a Bachelors of Economy, a Bachelors of Geology and a PhD in Economic Sciences. Ms. Verli joined Lake Shore in 2007 as Controller, and is based in Toronto.

Lake Shore's President and CEO Tony Makuch commented: "These new appointments reflect the Company's progress toward building a team that will take Lake Shore from the exploration phase into production. Chris and Meri are professionals with exceptional experience in their respective fields and the Company will benefit greatly from their contributions going forward."

About Lake Shore

Lake Shore is a mineral exploration and development 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 QuÃ¯Â¿1/2bec. 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 QuÃ¯Â¿1/2bec, 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.