(Source: MARKETWIRE)Lake Shore Gold Corp. (TSX: LSG) ("Lake Shore Gold" or the "Company") today announced that the Company has entered into an agreement with Goldcorp Canada Ltd. ("Goldcorp"), manager of the Porcupine Gold Mines Joint Venture ("PJV"), and Goldcorp Inc., for the purchase of approximately 28 square kilometers ("kms") of prospective exploration property (the "Bell Creek West" block of properties) in the surrounding vicinity of Lake Shore Gold's 100% owned Bell Creek Complex, currently comprised of the Bell Creek Mine and Mill and Schumacher and Vogel properties.

Tony Makuch, President and Chief Executive Officer of Lake Shore Gold, commented: "The Bell Creek West acquisition builds on the significant progress we have achieved at the Bell Creek Complex and is an important step for Lake Shore Gold in establishing a second large-scale mining complex in the Timmins Camp. With the completion of this transaction, as well as our proposed business combination with West Timmins Mining Inc. (see press release dated August 27, 2009), Lake Shore Gold will have a total land package in this highly productive mining camp totaling 162 square kilometers.

Areas included in the transaction range from projects with historic resources to early stage exploration targets (see Figure 1.), all located along the New Mine Trend, host to the PJV's Hoyle Pond Mine and Pamour operation. Among the properties included are the Marlhill Mine, located adjacent to Bell Creek, which has had limited development and mining to a depth of 150 m from surface (including a 20 m deep open pit) and where there is an historic mineral resource of approximately 100,000 ounces1. The bulk of the historic resource lies below the 150 m level. The Wetmore, Stringer and East Whitney blocks are located 1.0 km, 1.2 kms and 2.0 kms from the Bell Creek Mine, respectively. Exploration drilling on these properties has shown strong evidence of gold mineralization, making them attractive exploration targets.