MONTREAL, QUEBEC — (Marketwire) — 02/20/13 — Golden Share Mining Corporation („Golden Share“ or the „Company“) (TSX VENTURE: GSH) is pleased to provide an update on its recent activities and its outlook for 2013.
While the price of gold is being supported by a variety of issues including sovereign debts crisis and the depletion of easily accessible resources, significant challenges ranging from political instabilities to rising capex and production costs are affecting the entire gold mining sector. In the case of the junior exploration segment, fear and risk aversion clearly dominates the investment space. In the light of this turmoil, Golden Share remains committed to developing a quality portfolio of projects.
President and Chief Executive Officer Philippe Giaro commented:
„Golden Share is led by a technically focused team and while current market conditions do not favor aggressive exploration, our properties are road accessible for the most part and we will continue to execute specific, targeted and low cost work programs to increase the value of our projects. Simultaneously, we are currently reviewing all alternative strategic options for our assets to enhance shareholder value. We have a motivated in-house team and our frugal approach allows a cost effective execution of all Company related activities. I would like to thank Golden Share-s entire team as well as all of the Company-s stakeholders for their dedication and flexibility.“
Several decisive corporate actions have been taken in the second half of 2012 and early 2013 to optimally position Golden Share in the current environment:
While, in management-s opinion, this strategy has not yet been reflected in the Company-s valuation, Golden Share would like to thank all its supporters and confirm that the Company-s management will continue to work relentlessly for the benefit of its shareholders in the light of the profound challenges faced by the exploration segment of our industry.
About Golden Share Mining Corporation
Golden Share Mining Corporation is a Canadian-based mining exploration company developing a promising portfolio of properties in the greenstone belts of eastern Canada, namely in the Val d-Or-Malartic, Red Lake and Shebandowan areas.
Lake Shore Gold Corp., a Canadian emerging gold producer, holds a strategic 27.2%(i) interest in Golden Share which is led by a technically focused management team strengthened by an experienced board of directors and a proven advisory board including successful geologists Roy Corrans and Sethu Raman as well as seasoned financier Anthony Frizelle.
Golden Share-s development strategy involves advancing a well balanced portfolio of gold properties in a politically stable environment with a history of gold endowment through systematic exploration, resource definition and acquisitions. Highlights of the current portfolio include:
Golden Share-s exploration programs are executed under the supervision of Mrs. Laurence Huss, M.Sc., P. Geo., a „Qualified Person“ as defined in National Instrument 43-101, and Vice-president Exploration of Golden Share. Philippe Giaro, P.Geo., President and CEO of Golden Share and Qualified Person for Golden Share, has reviewed and approved the content of this release.
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Contacts: Golden Share Mining Corporation Philippe Giaro President & CEO 1-514-866-4224 or Tel: 32-473-52-30-29 or
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