Marketing Presentation

1. Lake Shore Gold Corp.
TSX & NYSE MKT : LSG
www.lsgold.com
Approaching A Major
Turning Point
July 2013

2. 2
Information included in this presentation relating to the Company's expected production levels, production growth, costs, cash flows, economic
returns, exploration activities, potential for increasing resources, project expenditures and business plans are "forward-looking statements" or
"forward-looking information" within the meaning of certain securities laws, including under the provisions of Canadian provincial securities laws
and under the United States Private Securities Litigation Reform Act of 1995 and are referred to herein as "forward-looking statements." The
Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements
represent management's best judgment based on current facts and assumptions that management considers reasonable, including that operating
and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts, labour disturbances, interruption in
transportation or utilities, or adverse weather conditions, that there are no material unanticipated variations in budgeted costs, that contractors will
complete projects according to schedule, and that actual mineralization on properties will be consistent with models and will not be less than
identified mineral reserves. The Company makes no representation that reasonable business people in possession of the same information would
reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements
expressed or implied by the forward-looking statements. In particular, delays in development or mining and fluctuations in the price of gold or in
currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements.
More information about risks and uncertainties affecting the Company and its business is available in the Company's most recent Annual
Information Form and other regulatory filings with the Canadian Securities Administrators, which are posted on sedar at www.sedar.com, or the
Company’s most recent Annual Report on Form 40-F and other regulatory filings with the Securities and Exchange Commission.
QUALITY CONTROL
Lake Shore Gold has a quality control program to ensure best practices in the sampling and analysis of drill core. A total of three Quality Control
samples consisting of 1 blank, 1 certified standard and 1 reject duplicate are inserted into groups of 20 drill core samples. The blanks and the
certified standards are checked to be within acceptable limits prior to being accepted into the GEMS SQL database. Routine assays have been
completed using a standard fire assay with a 30-gram aliquot. For samples that return a value greater than three grams per tonne gold on
exploration projects and greater than 10 gpt at the Timmins mine and Thunder Creek underground project, the remaining pulp is taken and fire
assayed with a gravimetric finish. Select zones with visible gold are typically tested by pulp metallic analysis on some projects. NQ size drill core is
saw cut and half the drill core is sampled in standard intervals. The remaining half of the core is stored in a secure location. The drill core is
transported in security-sealed bags for preparation at ALS Chemex Prep Lab located in Timmins, Ontario, and the pulps shipped to ALS Chemex
Assay Laboratory in Vancouver, B.C. ALS Chemex is an ISO 9001-2000 registered laboratory preparing for ISO 17025 certification.
QUALIFIED PERSON
Scientific and technical information contained in this presentation has been reviewed and approved by Dan Gagnon, P.Geo., Executive Vice-
President, Operations, and Natasha Vaz, P.Eng., Director of Technical Services & Project Evaluation, both of whom are employees of Lake Shore
Gold Corp., and “qualified persons” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
Forward Looking Statements

3. 3
Dome
Hollinger
McIntyre
Hoyle
Pond
Destor Porcupine Fault
Pipestone Fault
Fenn-Gib
M&I resources: 1.3M oz
Inferred resources: 0.8M oz
Pamour
Timmins
Timmins West Complex
Reserves: 0.8M oz
M&I resources(1): 1.2M oz
Inferred resources: 1.2M oz
Bell Creek Complex
Reserves: 0.1M oz
M&I resources(1): 0.9M oz
Inferred resources: 1.1M oz
Three Multi-Million Ounce Au Complexes in Timmins
(1) Resources inclusive of reserves. A review of tonnes and
grades is available in the Appendix
(2) Examples of Forward Looking Information
LSG – A Growing Gold Producer
 Two operating mines with a central
milling facility
 0.9M oz in reserves, with a large
resource base
2013(2):
 On track for at least 40% production
growth (120-135,000 oz)
 Cash costs of US$800-US$875/oz
 Capital investment of $90M

4. 4
 Construction of Timmins Operations to 3,000 tpd nearly complete
 Commissioning of mill expansion to commence later this month
 Development of Timmins West and Bell Creek mines well
advanced
 By early September
 Production to reach at least 140,000 oz on annual basis
 Cash costs to improve to approx. US$700/oz
 Capital requirements to fall off dramatically
 Positioned for net free cash flow in Q4/13 at current gold price
(C$1,320 per ounce)
(1) Examples of forward-looking information
Approaching a Major Turning Point(1)

5. 5
 Record quarterly performance in Q2/13
 Gold production: 30,800 oz
 Gold poured: 31,800 oz
 Mill throughput averaged 2,540 tpd, 2,800 tpd over last 3 weeks of
June
 Average grade of 4.3 gpt (3.8 gpt in April, 4.5 gpt in May and 4.6
gpt in June)
 YTD production of 54,000 oz at average grade of 4.1 gpt
 Positioned for significantly higher production in H2/13
Q2/13 – Solid Performance, Improving Results

6. 200
300
400
500
600
700
800
900
1,000
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
2012 2013 2014 2015 2016 2017
6
Production to reach >140,000 oz by 2014
Production (Actual) Guidance (low end) Denotes range
Strong Near-Term Production Growth(1)
Production Cash Costs
Estimate (low end)
(1) Examples of Forward Looking Statements
At least
60% growth
2012 to 2014

7.  Timmins West Mine
 New, world-class mine along western extension of Timmins Camp
 Ramping up to full production
 Low-cost producer in region
 Significant opportunities for exploration and resource expansion
 Bell Creek Mine
• Historic producer with new, large gold zone discovered at depth
• Current reserve supports production of >20k oz Au/year for 5
years with potential for expansion
• Multiple exploration targets for expansion and new discoveries
 Bell Creek Mill
• Conventional gold mill circuit with crushing and grinding, gravity
and leaching, followed by CIP process
• Excellent operating performance with better than 95% recovery
• Completing Phase 2 expansion to 3,000 tpd in Q3/13
7
Key Assets Provide Solid Foundation(1)
(1) Examples of forward-looking information

8. Timmins West Mine
 Underground mine with two deposits – Timmins
Deposit and Thunder Creek Deposit
 Exceptional infrastructure, well trained workforce
support efficient operations and growth
 Gold production of 64,177 ounces in 2012
 Q2/13 production of 24,100 ounces (177,900 tonnes
@ 4.4 gpt) (42,700 oz @ 4.1 gpt YTD)
 2013 production focused on Porphyry and Rusk zones
between 660 & 765 levels at Thunder Creek and UM
Zone between 670 & 790 levels at Timmins Deposit
(1) Resources inclusive of reserves
(2) Example of Forward Looking Statements
8
Reserves (ounces)(1) 798,000
Av. grade (gpt) 5.2
M&I resource (ounces) (includes reserves) 1,061,000
Av. grade (gpt) 5.5
Inferred resources (ounces) 615,000
Av. grade (gpt) 5.4
Full production (‘000s ounces/yr) >140,000(2)
Cash cost/oz (full production) <US$700(2)
(1) A review of tonnes and grades is available in the Appendix.
(2) Examples of Forward Looking Statements

9. 9
Thunder Creek
Stock
650 Level
200 Level
300 Level
730 Level
TW Shaft Ramp
RuskShearZone
Holmer
Shear Zone
Thunder Creek
Rusk
Timmins Mine
deposit
0 400
meters
East-west
Shear Zone
D3 shear zone
Syenite,
monzonite
Pyroxenite
(AIC)
Turbidites,
felsic volcanic
Mafic
volcanics
AB
A
B
Rusk Zones
Porphyry Zones
Timmins Deposit
 Focus between 790
to 950 levels
 New drill platforms
on 750 and 790
Mineralized
structure
intersected at
2,400 m depth
Mineralization extended along strike and to 2,400 m depth
1,200 Level
Thunder Creek
 2012 drilling results confirm
core to mineralization and
identifies 50m west extension
of Rusk Zone at 765 Level
 2013 to continue focus on
infill and explore along strike
Timmins Mine
 Results confirm
continuity of UM1,
UM5 & intersects high-
grades o/s resource
 Key target between
650 and 790 levels
Timmins West Mine – A Mine Built for Growth

10. 10
Timmins West Mine

11. Bell Creek Mine – Production & Growth
(1) Resources inclusive of reserves
(2) Example of Forward Looking Stements
11
Production Supports Evaluation of Deep Zone
Initial reserves (ounces)(2) 129,000
Av. grade (gpt) 4.2
M&I resource (ounces) (includes reserves) 710,000
Av. grade (gpt) 4.7
Inferred resources (ounces) 904,000
Av. grade (gpt) 4.6
 Underground mine with five years of reserves
 Gold production of 21,605 ozs in 2012
 6,700 ounces (53,000 tonnes @ 4.2 gpt) in Q2/13
(11,300 oz @ 4.2 gpt YTD)
 Current production supports evaluation of high-
potential deep zone
 Potential to substantially grow production by
deepening shaft
 Ramp to be advanced to 685 Level in 2013,
production focused on North A Zone between 525 &
625 levels(1)
Deep
Zone
Potential
shaft
extension
Shaft
(1) Examples of Forward Looking Statements
(2) A review of tonnes and grades is available in the Appendix.

12. 12
Bell Creek Mill – 50% Expansion Project
SAG Mill Building
New Thickener
New CIL Tanks
Crusher
Truck Dump
6,000 tonne
Ore bin
 2,500 tpd plant consisting of a crushing circuit, two-stage grinding circuit with gravity
recovery, followed by pre-oxidation and cyanidation of the slurry with CIP and CIL recovery
 Exceptional operational & metallurgical performance with better than 95% recovery
 Expansion to 3,000 tpd nearly complete, commissioning to start in late July (to reach 3,000 tpd by
early September)(1)
 Potential expansion to 5,500 tpd to support future production increases from Timmins West and
Bell Creek incorporated in current infrastructure
 Crushing and grinding capabilities already at this level
(1) Examples of Forward Looking Statements

13. Bell Creek Mill – New Crushing/Grinding Circuit
13

14. 14
Bell Creek Mill – Solution Circuit & Refinery

15.  Timmins West Complex
 Both deposits at Timmins West Mine open for expansion
 Gold River Trend has >1M oz in resource, limited drilling in many areas
 144 property covers 4 km trend southwest of Timmins West Mine
15
Outstanding Exploration Potential
 Bell Creek Complex
 Significant potential for growth at Bell Creek Mine
 Initial resources established at Vogel and Marlhill
 Additional exploration targets with limited or no drilling
 Fenn-Gib
 Advanced exploration stage project
 Large, near-surface, potential open-pitable resource
 Major extensions announced, new targets discovered

16. 16
(1) Examples of forward-looking information
(2) Resources inclusive of reserves
Lake Shore Gold – Poised for Value Creation(1)
 At least 60% growth between 2012 and 2014 –
potential for more
 Estimated cash costs of US$700/oz by Q4/13
 @ 3.2M oz M&I resources(2) and @ 3.5M oz
Inferred resources with potential for much more
Improving operating costs
Full pipeline of projects &
exploration properties
Strong production growth
 Capital investment to decline dramatically
starting in Q3/13
Declining capital
requirements
Positioned for Net Free Cash Flow in Q4/13

17. APPENDIX
17

18. 18
(1)
Timmins
101
11
11
66 Rouyn-Noranda
Kirkland
Lake
Timmins
Cochrane
Hoyle Pond
GoldcorpBell Creek
Lake Shore Gold
Fenn-Gib
Lake Shore Gold
Gold River
Lake Shore Gold
Timmins West
Lake Shore Gold
O N TA R I O Q U E B E C
Casa Berardi
Hecla
Detour Lake
Detour
Val-d’Or
Canadian Malartic
Osisko
Casa Berardi JV
LSG/AurizonBlakelock/Burntbush
Lake Shore Gold
Little Abitibi
Lake Shore Gold
Abitibi Greenstone Belt
 Over 200M ozs Au of mined
and current resources
 Favourable geology
 Supportive government
policies
 Good infrastructure
 Highly skilled labour force
 High safety & environmental
standards
Casa Berardi JV
LSG/Aurizon
Lake Shore Gold land position
Dome
Goldcorp
Pamour
Goldcorp
Hollinger
McIntyre
640 km2 in One of the World’s Great Gold Districts

19. 19
LSG – Reserves and Resources
Measured & Indicated(1) Tonnes Au Grade (g/t) Contained Ounces
Timmins West Mine 5,978,000 5.5 1,061,000
Gold River 690,000 5.3 117,000
Bell Creek Mine 4,685,000 4.7 710,000
Vogel 2,219,000 1.75(2) 125,000
Marlhill 395,000 4.5 57,000
Fenn Gib 40,800,000 0.99(2) 1,300,000
Total 3,245,000
Inferred Tonnes Au Grade (g/t) Contained Ounces
Timmins West Mine 3,549,000 5.4 615,000
Gold River 5,273,000 6.1 1,028,000
Bell Creek Mine 6,080,000 4.6 904,000
Vogel 1,459,000 3.60(3) 169,000
Fenn-Gib 24,500,000 0.95(2) 750,000
Total 3,466,000
(1) Resources are inclusive of reserves
(2) Open-pit resources
(3) Combination of underground and open-pit resources
Probable Reserves Tonnes Au Grade (g/t) Contained Ounces
Timmins West Mine 4,811,000 5.2 798,000
Bell Creek Mine 960,000 4.2 129,000

20. 2,000 Lv
Timmins DepositThunder Creek144
TC – 144 Trend
UM and FW structures extended
to 2,400 m
6 kms
Timmins West Mine
20
Exploration Potential – Timmins West Complex
1,000 Lv
500 Lv

21. 21
HWY-11-28
12.60 gpt / 1.3m
1.30 gpt/ 57.7m
incl. 4.06 gpt/ 7.6m
HWY-12-45
2.01 gpt/ 41.7m
incl. 14.76 gpt/ 3.0m
HWY-12-43
5.10 gpt/3.0m
incl. 10.35 gpt/ 1.0m
3.33 gpt/ 6.9m
and 10.18 gpt/ 1.7m
Timmins Deposit
650m Lv
144 North Thunder CreekGap Area144 Southwest
Syenite Intrusions
HWY-11-19
1.02 gpt/ 51.65m
incl. 3.28 gpt/ 4.65m
and 5.14 gpt/ 3.0m
1000m Lv HWY-12-40
1.42 gpt/ 37.1m
incl. 13.54 gpt/ 2.0m
and 6.07 gpt/ 3.0m
Exploration Potential – 144 Property

22. 22
MH – Marlhill Project
VG – Vogel Project
Bell Creek Mine
WM – Wetmore Project
MH
VG
Hoyle Pond
MineWM
Key Projects
Bell Creek Mine Marlhill
Vogel
Hoyle Pond
Mine
Wetmore
Bell Creek Complex
Large Resource base, large underexplored land position

23. 23
Fenn-Gib Resources
 Potential large-scale, open-pit
project
 Excellent opportunity to
increase existing resources
 Significant potential along
strike and at depth given
limited drilling beyond the 300
meter level
 Contained silver ounces in the
deposit, which are not factored
into the resource estimate,
may provide further value
Category Tonnes Grade (g / t) Contained Gold (k oz)
Indicated 40,800,000 0.99 1,300
Inferred 24,500,000 0.95 750
Total 65,300,000 0.98 2,050
Fenn-Gib – Pit Outline
Fenn-Gib

24. 24
Current Resource Pit (>2.0M oz)
1.2M oz Starter Pit
New Pit Outline based
on most recent drilling
1.72 gpt/48.8m
1.03 gpt/81.4m
1.02 gpt/190.5m
1.01 gpt/52.5m
1.01 gpt/22.1m
1.63 gpt/60.4m
0.67 gpt/121.5mPotential Westerly
Pit Expansion into
untested gap
Opportunities – Fenn-Gib