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TORONTO, ONTARIO--(Marketwire - Jan. 31, 2011) - Lake Shore Gold Corp. (TSX:LSG) ("Lake Shore Gold" or the "Company") today announced that the Company has acquired direct ownership of 6,730,769 common shares of Northern Superior Resources Inc. ("Northern Superior"), representing 3.8% of the outstanding shares, through a private transaction, at a price of $0.80 per common share for a total cost of $5,384,615.
As a result of this transaction, as well as prior transactions, Lake Shore Gold now holds 44,930,769 common shares, representing a 25.5% interest in the common shares of Northern Superior. Lake Shore Gold purchased the securities for investment purposes and may acquire additional securities of Northern Superior in the future.




FOR FURTHER INFORMATION PLEASE CONTACT: Tony Makuch
Lake Shore Gold Corp.
President & CEO
(416) 703-6298
info@lsgold.com
ORMark Utting
Lake Shore Gold Corp.
Vice-President, Investor Relations
(416) 703-6298
info@lsgold.com
http://www.lsgold.com/">www.lsgold.com