Market Overview

VSA Capital Initiates Coverage on Golden Share


MONTREAL, QUEBEC--(Marketwire - Nov. 1, 2012) - Golden Share Mining Corporation ("Golden Share" or the "Company") (TSX VENTURE:GSH) is pleased to announce that following an analyst visit in July 2012, VSA Capital Limited ("VSA") has initiated coverage for Golden Share.

VSA highlights the case for Golden Share's presence in the Shebandowan - Rainy River trend, an emerging gold province in a stable area. VSA further highlights that while Golden Share has so far demonstrated that all of its assets are gold bearing, the challenge now is to localize mineralization outside of the existing resource base and demonstrate economic concentrations. With possible drilling commencing at Band Ore, Pistol Lake and Berens River in the coming months, mineralized intercepts showing continuity of known deposits, or new discoveries, could trigger a significant rerating in the company's share price.

VSA notes that the Company also maintains a dialogue with other Canadian gold explorers and producers, which provides opportunities for operational synergies, and asset acquisitions and disposals which could pave the way for M&A activity and potential joint ventures.

VSA further notes that while Golden Share's stock has fallen in line with its peers and remains at historic lows, it offers investors cheap exposure to early-gold stage exploration in stable jurisdictions with existing and prospective mineralization.

About VSA

VSA (VSA.LN) is quoted on the AIM market of the London Stock Exchange and provides corporate finance and corporate brokering services to companies operating in the natural resources sector. VSA works with natural resource companies across the globe and represents clients listed in Canada, the USA, Australia and in London. VSA has corporate finance, brokering, research, sales and capital raising capabilities in its specialist sectors and is committed to providing the highest quality services to its clients and investors.

About Golden Share Mining Corporation

Golden Share Mining Corporation is a Canadian-based mining exploration company developing a promising portfolio of properties in the greenstone belts of eastern Canada, namely in the Val d'Or-Malartic, Red Lake and Shebandowan areas.

Lake Shore Gold Corp., a Canadian emerging gold producer, holds a strategic 27.2% interest in Golden Share which is led by a technically focused management team strengthened by an experienced board of directors and a proven advisory board including successful geologists Roy Corrans and Sethu Raman as well as seasoned financier Anthony Frizelle.

Golden Share's development strategy involves advancing a well balanced portfolio of gold properties in a politically stable environment with a history of gold endowment through systematic exploration, resource definition and acquisitions.



Golden Share Mining Corporation
Philippe Giaro
President & CEO
1-514-866-4224 or 32-473-52-30-29 or

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