MONTREAL, QUEBEC--(MARKET WIRE)--Jul 8, 2008 -- Golden Share Mining Corporation ("Golden Share") (CDNX:GSH.V - News) is pleased to announce the completion of a $500,000 flow through financing. The company will issue 500 units at a cost of $1,000 per unit. Each unit includes 3,600 flow through shares and 400 common shares of Golden Share, both at a price of $0.25 per share. These shares are subject to a 4-month minimum hold period and are subject to the final approval of the TSX Venture Exchange.

Ninety percent of these funds will be allocated to the Elwood property located near Thunder Bay, Ontario. With the two recent financings completed, Golden Share is now fully funded and able to accomplish all of its major exploration programs for 2008.

A commission of $50,000 as well as 200,000 Finder's warrants will be paid to Canaccord Capital Corporation with regards to this financing. Each Finder's warrant gives the right to buy one additional common share of Golden Share at a price of $0.25.

About Golden Share Mining Corporation

Golden Share Mining Corporation (CDNX:GSH.V - News) is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Canada. Golden Share was created through the reorganization of SearchGold's Canadian gold assets and is lead by an experienced management team at the technical and corporate level. The Company's projects straddle three greenstone belts of Eastern Canada, are accessible by road and are all located close to the established mining centers of Val d'Or and Rouyn-Noranda in Quebec and Shebandowan, west of Thunder Bay, in Ontario.

Golden Share recently completed its initial public offering and finalised a $2,666,025 financing with Canaccord Capital Corporation who acted as the agent. The Company has 24,480,193 common shares issued and outstanding and Golden Share's common shares have started trading on the TSX Venture Exchange under the symbol "GSH" on January 14th 2008. The net proceeds from the initial public offering will be used by Golden Share mostly for exploration work on its Forsan and Malartic Lakeshore properties, and for working capital and general corporate purposes.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy/accuracy of this release.

     Contacts:
     Golden Share Mining Corporation
     Philippe Giaro
     President & CEO
     32-473-52-30-29
     phgiaro@skynet.be
      
     Golden Share Mining Corporation
     Denis Tremblay
     Vice-President
     514-866-4224
     info@goldenshare.ca
     http://www.goldenshare.ca
      
     MI3 Communications Inc.
     Daniel Vine
     Vice-President
     514-904-1333
     daniel@mi3.ca