What I don't understand is why these news releases continue to be made after market. It's like they are trying to minimize the impact of good news.

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Lake Shore Gold commissions phase 1 at Bell Creek
Ticker Symbol: C:LSG

Lake Shore Gold commissions phase 1 at Bell Creek

Lake Shore Gold Corp (C:LSG)
Shares Issued 376,437,064
Last Close 11/2/2010 $3.47
Wednesday November 03 2010 - News Release

Mr. Tony Makuch reports

LAKE SHORE GOLD REACHES 2,000 TONNES PER DAY TARGET AT BELL CREEK MILL, ON TRACK TO MINE 65,000 OUNCES IN 2010 AND TO EXIT YEAR AT 10,000 OUNCE MONTHLY PRODUCTION RATE

Lake Shore Gold Corp.'s commissioning of the phase 1 expansion of the 100-per-cent-owned Bell Creek mill has been completed with the mill now operating at the expanded capacity of 2,000 tonnes per day (tpd). During commissioning, the Bell Creek mill operated at an average rate of 1,370 tpd from Oct. 16, 2010, to Oct. 31, 2010, processing a total of 21,900 tonnes at an average grade of 7.48 grams per tonne (gpt) producing 5,107 ounces. Included in the production was 17,000 tonnes of Timmins Mine Ultramafic 1 (UM1) zone ore at a grade of 8.17 gpt. As of the end of October, the company had processed approximately 19,000 ounces of gold at the Bell Creek mill and currently has 69,000 tonnes of ore in inventory.

During the month of October, an average of approximately 1,000 tonnes per day of ore was brought to surface at Timmins mine. The average for the last week of October reached approximately 1,500 tonnes per day of ore. The company expects mine production over the balance of the year from the Timmins mine shaft and ramp, Bell Creek and Thunder Creek.

Tony Makuch, president and chief executive officer of Lake Shore Gold, commented: "We are extremely pleased with the progress that has been made in Timmins. The Bell Creek mill expansion went very well and is now complete and at Timmins Mine both the mining rate and the grades realized to date in the UM1 zone very much meet our expectations. We continue to target mine production of 65,000 recoverable ounces in 2010, a portion of which is expected to be held in inventory at the end of the year for processing at the beginning of 2011 reflecting the timing for commissioning of the Bell Creek mill expansion. We also expect to end 2010 at a monthly production rate of 10,000 ounces from the Bell Creek mill."

The phase 1 expansion of the Bell Creek mill, which has increased the Mill's capacity from 1,500 tpd to 2,000 tpd, commenced during the first quarter of 2010 and was completed within budget.

The company remains well funded to achieve its growth plans with $126.1 million of cash and cash equivalents at September 30, 2010 and is on track for project spending in 2010 to be in line with its previously announced forecast of $115.0 million (before net proceeds from anticipated gold sales), with exploration spending expected to be somewhat lower than the budget of $31.0 million. Lake Shore Gold will release its full financial and operating results for the third quarter and first nine months of 2010 on Wednesday, November 10, 2010.

Lake Shore Gold will host a conference call and webcast on Thursday, Nov, 4, 2010, at 9 a.m. EST to discuss announcements issued this week regarding exploration and operating success achieved by the company. Those wishing to access the call can do so using the telephone numbers listed below. The call will also be webcast and available on the company's website.

Participant call-in: 416-340-2217 or 866-696-5910

Participant ID: 8805516

Replay number: 416-695-5800 or 800-408-3053

Replay ID: 7258200

Available until: 11:59 pm, November 11, 2010

(C) 2010 Canjex Publishing Ltd.