Shore/Newmont FALC Joint Venture

Shore Gold holds a 60% ownership position in the FALC JV with Joint Venture partner Newmont Mining Corp. Canada holding 40%:
• Over 60 kimberlites identified
• Macro Diamonds recovered in 34 kimberlites - 70% considered gem quality
• Recovered 336 carats; including a 10.13 carat Light Fancy Yellow

The Joint Venture properties contain enormous volumes of kimberlite, with the Orion belt containing 7 kms of continuous kimberlite.
• Orion South geological estimate: 360 - 400 million tonnes*
• Orion Centre geological estimate: 150 - 167 million tonnes*
• Orion North geological estimate: 600 - 800 million tonnes*

*Conceptual in nature, not Resource –Resource 2009

NEW ORION SOUTH SHAFT MAP
March 3/08