Golden Share Intersects Grades of Up to 123.50 g/t Au in Malartic Lakeshore Drilling Program

• Press Release
• Source: Golden Share Mining Corporation
• On 9:00 am EST, Wednesday December 3, 2008

MONTREAL, QUEBEC--(MARKET WIRE)--Dec 3, 2008 -- Golden Share Mining Corporation (CDNX:GSH.V - News) is pleased to provide an update on its 2008 drilling program on the Malartic Lakeshore property in Quebec, Canada.

Diamond drilling is now completed on the Malartic Lakeshore property. Thirty one holes totaling 3,637 m were excecuted. A total of 3,568 m were drilled on the RLM prospect; a 320 m long structure up to 50 m wide consisting in a network of gold bearing veins and striking at 135 degrees with an average dip of 60 degrees towards the southwest.

All results have been received for the first 11 drill holes as well as partial results for some of the other holes. Logging has just been finalized and compilation of all drilling data will be initiated shortly. These initial results confirm the high grade, vein-type nature of the prospect as demonstrated by the following intercept :

 

- ML-08-28 : 39.84 g/t Au over 1.60 m from 24.30 to 25.90 m
  - including 123.50 g/t Au over 0.50 m

Numerous mineralized veins have been identified as demonstrated by the
following intercepts returning grades above 4.00 g/t Au.

- ML-08-01 : 6.82 g/t Au over 0.99 m from 59.27 to 60.26 m
- ML-08-02 : 7.71 g/t Au over 0.90 m from 20.96 to 21.86 m
- ML-08-09 : 4.09 g/t Au over 0.90 m from 8.05 to 8.95 m
- ML-08-10 : 6.68 g/t Au over 0.70 m from 149.00 to 149.70 m
- ML-08-12 : 4.08 g/t Au over 0.60 m from 68.40 to 69.00 m
- ML-08-13 : 6.97 g/t Au over 0.50 m from 36.85 to 37.35 m
- ML-08-13 : 6.78 g/t Au over 0.50 m from 40.40 to 40.90 m

Golden Share's 2008 summer stripping program had outlined over 25 individual veins and the important number of quartz veins intersected in the drilling confirms the extension at depth of the surface geology. In addition to the aforementioned mineralized intervals, numerous 0.50 to 2.00 g/t Au intersections were obtained and will be integrated in the data base.

Philippe Giaro, President and CEO, stated "This first set of drill results are extremely encouraging and clearly demonstrate the high grade, vein-type nature of the mineralization which was first highlighted by our surface results which included 178.00 g/t Au over 0.67 m and 39.95 g/t Au over 0.87 m. The key to properly develop the project will be adequate modelling to define the correct geometry and highlight important parameters such as vein flexures and rakes within mineralized zones. We are expecting additional results which will further improve our understating of the RLM prospect which, given its location within the Norbenite-Marbenite shear and its proximity to the Lapa and Canadian Malartic projects, represents a priority target to be developed with a step by step approach to systematically evaluate the entire mineralized system."

The observed mineralization consists in pyrite, chalcopyrite and galena. Galena appears to be injected as latter stage sulfide as it was observed as a coating on early stage pyrite. Visible gold was observed in one instance associated with the late stage event. The drilling is performed at high angle to the mineralized structures but the above intersections do not represent perfect true widths. Such true widths will be computed and integrated at a latter stage of the project modeling. All reported mineralized intercepts were obtained in sections 1125, 1185 and 1230 which cover a 105 m strike length of the 320 m RLM mineralized structure. Updated maps will be generated as soon as the compilation is sufficiently advanced.

The Malartic Lakeshore exploration program is supervised by Mr. Alain Carrier, M.Sc., P. Geo of InnovExplo. Alain Carrier is a "Qualified Person" and is independent as defined in National Instrument 43-101.

Core logging and sampling are now completed and individual samples weighting 3kg on average have been taken from sawn half core at +/- 1 meter intervals in the mineralized zones with consideration of the geological contacts. A rigorous QA/QC program involves the random inclusion of mineralized standards, duplicates and blanks at the sample collection and preparation stage.

The samples are shipped to the ALS laboratory in Val d'Or, Quebec, for analysis by fire assay on 50g pulp samples. The sample preparation procedure involves the crushing of the entire 3kg sample followed by quartering to obtain a representative 850 to 1000g sample which is entirely pulverized and out of which a 50g sample is isolated for analysis by fire assay. Samples suspected to contain visible gold or higher grade mineralization are assayed using the metallic sieve technique.

Golden Share's exploration programs are under the supervision of Mrs. Laurence Huss, P Geo., and Vice-President Exploration.

Golden Share intends to report on a regular basis on the advancement of its work programs. Philippe Giaro, P.Geo., President and CEO of Golden Share Mining Corporation and Qualified Person for Golden Share, has reviewed and approved the content of this release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or 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.
     Mario Drolet, President
     514-904-1333
     mario@mi3.ca