Golden Share Mining Corporation (TSX VENTURE:GSH) is pleased to provide an update on its on-going work programs on the Malartic Lakeshore and Forsan properties located in northwestern Quebec, Canada.

Malartic Lakeshore property

The 2008 diamond drilling program completed on the Malartic Lakeshore property outlined the high grade, vein-type mineralization with intercepts such as 123.50 g/t Au over 0.50 m included in 39.84 g/t Au over 1.60 m from 24.30 to 25.90 m intersected in hole ML-08-28.

The follow-up compilation has outlined several mineralized veins and nine preliminary longitudinal sections were established. This approach has resulted in an improved understanding of the RLM prospect notably with respect to rakes within the mineralized quartz veins as well as with the general behavior of the mineralized zones with respected to the host lithologies. A 1,000 m diamond drilling program is being initiated immediately with the following three objectives :

- Execute a diamond drill fence approximately 75 m east of the RLM prospect modeled by the recent compilation.

- Improve the understanding of Zone 61 notably by drilling the extensions of the mineralized vein intersected in hole ML-08-23 which returned 15.27 g/t Au over 1.20 m included in 2.59 g/t Au over 8.40 m from 75.60 to 84.00 m, thereby opening Zone 61 towards the northwest.

- Test the down plunge rake of the mineralization in Zone 51.

Forsan property

The 2008 diamond drilling program completed on the Forsan property focused mostly on peripheral targets to the Forsan Mineralized Zone ("FMZ") which contains an historical resource of 40,000 ounces of gold (282,605 metric tonnes at a grade of 4.42 g/t Au)(i).

Two holes targeting the eastern extension of the FMZ outlined a newly defined zone (the Forsan Eastern Zone or "FEZ") located 500 m east-south-east of the FMZ. The FEZ shows highly altered and fractured rocks hosting a high density of tourmaline bearing quartz veins in association with a porphyric intrusive. Mineralization was encountered systematically along the two holes with typical intervals above 1.00 g/t Au including :

Hole GSH-08-07

- 5.44 g/t Au over 0.55 m included in 3.20 g/t Au over 2.00 m from 32.00 m to 34.00 m,

- 10.75 g/t Au over 0.40 m from 94.50 m to 94.90 m

- 1.04 g/t Au over 0.60 m from 134.75 m to 135.35 m

Hole GSH-08-06

- 2.24 g/t Au over 0.30 m from 135.70 m to 136.00 m

- 2.27 g/t Au over 0.55 m from 167.70 m to 168.25 m

- 3.30 g/t Au over 0.50 m included in 1.87 g/t Au over 1.35 m from 180.15 m to 181.50 m

A 600 m diamond drilling program is being initiated immediately with the following two objectives :

- Execute a series of short vertical holes in the FEZ to better define vein geometry and grade distribution.

- Drill two confirmation holes within the higher grade core of the FMZ as part of the on-going scoping study.

The Malartic Lakeshore diamond drilling program is executed under the supervision of 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. The Forsan diamond drilling program is supervised by Mrs Laurence Huss, M.Sc., P. Geo. and "Qualified Person" as defined in National Instrument 43-101. Golden Share's exploration programs are under the supervision of Mrs. Laurence Huss, P. Geo., and Vice-President Exploration. 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.

Golden Share has currently two drill programs underway and is actively developing high-profile properties in the Abitibi and Shebandowan greenstone belts of Eastern Canada.

(i) These estimates were executed prior to the introduction of National Instrument 43-101; hence they should be treated as historical data and therefore not be relied upon.

About Golden Share Mining Corporation

Golden Share Mining Corporation (TSX VENTURE:GSH) is a Canadian-based mining exploration company whose primary mission is to target, explore and develop gold deposits in Canada. The Company's projects straddle three greenstone belts of Eastern Canada, are accessible by road and are all located close to the established mining centers of Val d'Or and Rouyn-Noranda in Quebec and Shebandowan, west of Thunder Bay, in Ontario. Shares of Golden Share are listed for trading on the TSX Venture Exchange as under the symbol "GSH". The Company has 34.3 million common shares issued and outstanding and with a current cash position of $1.0 million, Golden Share is fully funded and able to accomplish all of its major exploration programs for 2009.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

SOURCE: Golden Share Mining Corporation

Golden Share Mining Corporation Philippe Giaro President & CEO 32-473-52-30-29 phgiaro@skynet.be www.goldenshare.ca Golden Share Mining Corporation Denis Tremblay Vice-President 514-866-4224 info@goldenshare.ca