Combined Star - Orion South Feasibility Study NPV of $2.1 billion and IRR of 16 percent 34.4 million carat mineral reserve at US$242 per carat

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[{"type":"text","content":"\n\n\n Jul. 14, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nStock Symbol: SGF: TSX\n\n\nSASKATOON, July 14, 2011 /CNW/ - George H. Read, P. Geo., Senior Vice\n President Exploration and Development of Shore Gold Inc. ("Shore"), is\n very pleased to announce the positive results of the combined\n Feasibility Study ("FS") on the Star - Orion South Kimberlites, which\n include the 100 percent Shore owned Star Diamond Project, as well as\n Star West and the Orion South Kimberlite, which fall within the\n adjacent Fort à la Corne Joint Venture (FALC-JV: 66 percent Shore and\n 34 percent Newmont Mining Corporation of Canada Limited ("Newmont")).\n The FS was led by Shore with significant contributions from independent\n mining, processing and design consultants which include: P&E Mining\n Consultants Inc. ("P&E"); Metso Minerals Industries Inc. ("Metso") and\n AECOM Canada Ltd. ("AECOM"). A number of other independent consulting\n firms and potential vendors also provided their study results to Shore\n and P&E for use in developing the FS. All currency amounts are quoted\n in Canadian Dollars, unless otherwise stated. The FS aims to present an\n economic model which is within +/-15 percent accuracy. Since work\n commenced on the FS, the price of rough diamonds has continued to\n increase and our diamond consultants, WWW International Diamond\n Consultants Ltd. ("WWW"), inform us that current rough diamond ...

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