GSH Golden Share Resources Corporation

Golden Share Mining Corporation ("Golden Share" or the "Company") (TSX
VENTURE:GSH) is pleased to announce the signature of a purchase and sale
agreement with Vantex Resources Ltd ("Vantex")  (TSX
VENTURE:VAX)(FRANKFURT:UD7A) dated November 2nd, 2012 through which Vantex can
acquire a 100% interest in the Lac Fortune West Gold Property ("Lac Fortune
West" or the "Property"). The Property comprises 17 claims for a total surface
area of 3.7 km2 and is situated in the Rouyn-Noranda mining camp, in Quebec,
Canada. 


Vantex will complete the Lac Fortune West acquisition by paying Golden Share
$100,000 in cash and issuing to Golden Share 1,000,000 common shares in Vantex's
capital. Golden Share will also retain a 1% NSR in the Property.


Lac Fortune West is strategically located on the Cadillac fault, 25 km west of
Rouyn Noranda. It is easily accessible by national road 117 which passes just
south of the Property. Lac Fortune West is directly adjoining Vantex's Galloway
project where several gold targets are being developed, and notably the recent
Moriss discovery which returned 8.21 g/t Au over 22.50 m to a depth of 106 m in
initial Vantex drilling. In August 2012, Vantex announced a drill intercept of
59.51 g/t Au over 6.20 m to a depth of 64.20 m in the N1 zone which is part of
the Moriss discovery. In October 2012, mining executive and investor Rob McEwen
increased his stake in Vantex by 500,000 shares bringing his total investment to
7.8 million shares or about 12% of the company.


Philippe Giaro, President and CEO, stated "We are very pleased to conclude this
transaction with Vantex as they aggressively keep developing this part of the
Abitibi belt in Quebec while we are focusing on our Ontario properties. Lac
Fortune West is located about 8 km to the east of the Moriss discovery in a
different part of the rock sequence but nevertheless provides Vantex with the
opportunity to build their position in the belt. Golden Share meanwhile obtains
immediate leverage in the play through shares in Vantex and retains a long term
interest with an NSR. We look forward to this new relationship as Vantex
conducts additional drilling to further unlock the potential of this promising
area for the benefit of all shareholders".


The transaction remains subject to the approval of the TSX Venture Exchange.

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. 


FOR MORE INFORMATION, CONSULT : http://www.goldenshare.ca 

OR OUR FACEBOOK PAGE AT:
http://www.facebook.com/people/Golden-Share/100001472712018 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Golden Share Mining Corporation
Philippe Giaro, President & CEO
1-514-866-4224
32-473-52-30-29
phgiaro@skynet.be
info@goldenshare.ca

Golden Share Resources (TSXV:GSH)
Historical Stock Chart
From Dec 2024 to Jan 2025

Golden Share Resources (TSXV:GSH)
Historical Stock Chart
From Jan 2024 to Jan 2025