2 I nf or m at i on i ncl uded in t h i s present at i on r el a t i ng to t he C o m pany s expe ct ed product i on l ev el s produ ct i on grow t h cost s c ash f l ow s e cono m i c r et urns expl orat i on a ct i v i t i es pot ent i al f or i ncreas i ng r esources proj ec t ex pend i t ures and bus i ness pl ans are f orw ard l ooki ng st at e m ent s or f orw ard l ooki ng i n f or m at i on w i t hi n t he m eani ng of cert ai n securi t i es l aw s i ncl udi ng under t he prov i si ons of C anad i an prov i nci al securi t i es l aw s and under t he U ni t ed S t at es P r i v at e S ecuri t i e s Li t i gat i on R e f or m A ct of 19 95 and are r ef err ed to herei n as f orw ard l ooki ng st at em ent s Th e C o m pany does not i nt end and does not assum e any obl i gat i on to upda t e t hese f orw ard l oo k i ng st at em ent s Th ese f orw ard l ooki ng st at e m ent s r epresent m anag e m ent s best j udg m ent based on curr ent f act s and assu m pt i ons t hat m anag e m ent co nsi ders r eason abl e i ncl u di ng t hat operat i ng and capi t al pl ans w i l l n ot be di sr upt ed by i s su es such as m echan i cal f ai l ure unav ai l abi l i t y of part s l abou r di s t urban ces i nt err upt i o n in t r anspor t at i on or ut i l i t i es or adv er se w eat her condit i ons t hat t her e ar e no m a t er i al unant i ci pat ed v ar i at i ons in budget ed cost s t h at cont r act or s w i l l com p l et e proj e ct s a ccordi ng to s chedu l e and t hat act ual m i neral i z at i on on proper t i es w i l l be consi s t ent w i t h m odel s and w i l l not be l ess t han i denti f i ed m i neral r eserv es Th e C o m pany m a kes no r epresent at i on t hat r eason abl e busi ness peop l e in possess i on of t he sa m e i nf or m at i on w oul d r each t he sam e concl u si o ns Fo r w ard l ooki ng st at e m ent s i nv ol v e k now n and unk now n r i s k s uncert ai n t i es and ot her f act ors w hi ch m ay cause t he act ual r esul t s per f or m an ce or achi ev em ent s of t h e C o m pany to be m at eri al l y di f f erent f r o m any f ut ure r esul t s per f or m an ce or achi ev em ent s expressed or i m pl i ed by t he f orw ard l oo k i ng s t at e m ent s In part i cul ar d el a y s in dev el opm ent or m i n i ng and f l uct uat i ons in t h e price of gol d or in curr ency m arket s coul d pr ev ent t he C om pany f r o m achi ev i ng i t s t arget s R ea ders shoul d not pl ace undue r el i ance on f orw ard l ooki ng st at e m ent s M ore i nf or m at i on abou t r i s k s and uncert ai nt i es a f f ect i ng t he C o m pany and i t s busi ness is av ai l abl e in t he C o m pany s m o st r ecent A nnua l I nf or m at i on Fo r m and ot h er r egul at ory f i l i ngs w i t h t he C anad i an S ecuri t i e s A dm i n i st r at ors w hi ch are post ed on sedar at www sedar co m or t he C om pany s m ost r ecent A nnua l R eport on Fo r m 40 F and ot her r egul at ory f i l i ngs w i t h t he S ecuri t i es and E xchang e C om m i s si on Q U A LITY C O N TR O L Lak e S hore G ol d has a q ual i t y cont r ol progr a m to ensure best pract i ces in t he sa m pl i ng and anal y si s of dril l core A t ot al of t hr ee Q ual i t y C ont r o l sam p l es consi st i ng of 1 bl an k 1 cert i f i ed st anda r d and 1 r ej ect dupl i cat e are i nsert ed i nt o groups of 20 dril l core sa m pl es Th e bl an k s and t he cert i f i ed st anda r ds are chec k ed to be w i t hi n acceptabl e l i m i t s prio r to bei ng accepted i nt o t he G E M S S Q L dat abase R out i ne assay s hav e been com p l et ed usi ng a st and ar d f i r e as say w i t h a 30 gr am al i quot For sa m pl e s t hat r et ur n a v al ue gr eat er t han t hr ee gr am s p er t onne gol d on expl orat i on proj ect s and great er t han 10 gpt at t he Ti m m i ns m i ne and Th u nder C r ee k unde r ground proj ect t he r e m ai ni ng pul p is t a k en and f i r e assay ed w i t h a grav i m et r i c f i ni sh S el e ct z ones w i t h v i si bl e gol d are t y pi cal l y t est ed by pul p m et al l i c ana l y si s on so m e proj e ct s NQ si z e dril l core is saw cut and hal f t he dril l core is sam pl ed in st a n dard i nt erv al s Th e r em ai ni ng hal f of t he core is st ored in a secure l ocat i on Th e dril l core is t r anspo r t ed in se curity seal ed bags f or prepar at i on at A L S C he m ex P r ep Lab l ocat ed in Ti m m i n s O nt a r i o and t he pu l ps shi ppe d to A L S C he m e x A ssay Labo r at ory in V ancou v er B C A LS C hem ex is an I S O 9001 2000 r egi st ered l aborat ory prepar i ng f or I S O 17025 cert i f i cat i on Q U A LIFI E D P E R S O N S ci ent i f i c a nd t echn i cal i nf or m at i on cont a i ned in t hi s present at i on has bee n r ev i ew ed and approv ed by D an G agno n P G e o E xecut i v e V i ce P r esi dent O perat i ons an d N at asha V az P E ng D i r ect or of Te chn i cal S erv i ces P r oj ect E v al uat i on b ot h of w ho m are em p l oy ees of La k e S hore G ol d C orp and qual i f i ed persons as def i ned by N at i onal I nst r um ent 43 101 S t anda r ds of D i scl osure f or M i neral P r oj ect s N I 43 101 Fo rwar d Lo oking Stat eme nts