MONTREAL, QUEBEC--(Marketwire - July 8, 2008) - Golden Share Mining Corporation ("Golden Share") (TSX VENTURE:GSH) is pleased to announce the completion of a $500,000 flow through financing. The company will issue 500 units at a cost of $1,000 per unit. Each unit includes 3,600 flow through shares and 400 common shares of Golden Share, both at a price of $0.25 per share. These shares are subject to a 4-month minimum hold period and are subject to the final approval of the TSX Venture Exchange.

Ninety percent of these funds will be allocated to the Elwood property located near Thunder Bay, Ontario. With the two recent financings completed, Golden Share is now fully funded and able to accomplish all of its major exploration programs for 2008.

A commission of $50,000 as well as 200,000 Finder's warrants will be paid to Canaccord Capital Corporation with regards to this financing. Each Finder's warrant gives the right to buy one additional common share of Golden Share at a price of $0.25.