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Golden Share Sells Lac Fortune West Project to Vantex Resources
Published : November 07, 2012
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MONTREAL, QUEBEC--(Marketwire - Nov. 7, 2012) - Golden Share Mining Corporation ("Golden Share" or the "Company") (News - Market indicators) 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.



Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Golden Share Mining Corporation
Philippe Giaro, President & CEO
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Golden Share Mining Corp.

ISIN : CA38118X1069
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Golden Share Mining is an exploration gold company based in Canada.

Golden Share Mining holds various exploration projects in Canada.

Its main exploration properties are MALARTIC LAKESHORE, FORSAN, LAC FORTUNE and PISTOL LAKE PROPERTY in Canada.

Golden Share Mining is listed in Canada. Its market capitalisation is CA$ 4.6 millions as of today (US$ 3.5 millions, € 3.2 millions).

Its stock quote reached its highest recent level on April 01, 2011 at CA$ 1.30, and its lowest recent point on September 04, 2015 at CA$ 0.03.

Golden Share Mining has 29 740 000 shares outstanding.

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Annual reports of Golden Share Mining Corp.
2007 Annual report
Financings of Golden Share Mining Corp.
10/19/2012Amends Terms of Warrants
4/27/2011Closes $200,200 Flow-Through Financing
4/21/2011Closes $3,400,000 Financing With Dundee and Libra Funds as P...
Project news of Golden Share Mining Corp.
3/13/2013(Berens River)Receives Ontario Exploration Permits for Berens River and Sh...
11/28/2011Lake Shore Gold Completes Sale of Land to Golden Share Minin...
5/12/2011(Malartic Lakeshore)Hits a 17 m Quartz Bearing Shear Zone in Malartic Lakeshore ...
4/14/2011(Malartic Lakeshore)Plans Drilling on Malartic Lakeshore for Third Week of April
7/27/2010(Forsan)Drilling Campaign Underway
5/4/2010(Pistol Lake Property)Provides a First NI 43-101 Compliant Resource Estimate on Pi...
1/12/2010(Pistol Lake Property)Intersects Major Deformation Zone in Fall 2009 Drill Campaig...
11/25/2009(Forsan)Provides its First 43-101 Resource Estimate on Forsan
11/5/2009(Malartic Lakeshore)Starts Drilling on Malartic Lakeshore
9/23/2009(Malartic Lakeshore)IP Survey Defines Drill Targets at Depth on Malartic
9/15/2009(Lac Fortune)Update on Lac Fortune West, Richmont to Restart Production
5/27/2009(Pistol Lake Property)Historical Data Outlines Gold Mineralization Over 1 Km2
5/6/2009(Malartic Lakeshore)New 27 M Wide Gold Zone Intersected in Malartic Lakeshore Dr...
2/4/2009(Malartic Lakeshore)Intersects Additional High Grades of Up to 15=2E27 g/t Au in...
12/18/2008(Pistol Lake Property) Intersects Contact Zone in Pistol Lake Drilling Program
Corporate news of Golden Share Mining Corp.
12/22/2015Golden Share Provides Additional information regarding sale ...
12/12/2015Golden Share Announces the Service Agreement with Canada Chr...
12/12/2015Golden Share Announces Selling of Quebec Properties and Issu...
11/24/2015Golden Share Announces the Service Agreement with Canada Chr...
11/23/2015Golden Share Announces Selling of Quebec Properties and Issu...
10/16/2015Golden Share Announces TSX Accepted $120,000 Hard Cash Priva...
10/6/2015Golden Share Announces Closing of $120,000 Hard Cash Private...
9/30/2015Golden Share Announces Private Placement
8/12/2015Golden Share Announces TSX Venture Exchange Approval for Sha...
8/7/2015Golden Share Announces 2015 Shareholders' Meeting Results
7/31/2015Golden Share Announces a Share Consolidation
6/17/2015Golden Share Terminated Option Agreement and Announces Annua...
2/17/2015Golden Share Amends Terms of Option Agreement
1/14/2015Golden Share President and CEO Resigns, Board Appoints Dr. Z...
10/14/2014Golden Share Refines Alteration Envelopes for Gold Mineraliz...
10/9/2014Golden Share Issues Second Royalty Payment for Pistol Lake, ...
8/20/2014Golden Share Samples Up To 38.5 G/T Gold And 497.0 G/T Silve...
7/23/2014Golden Share Staking Joins Berens North and South Blocks
7/10/2014Golden Share Combines Geoscientific Approach and Field Prosp...
5/27/2014Monster Lake Drilling cuts 10.47 M Grading 11.55 G/T Gold Ad...
5/21/2014Golden Share Announces the Closing of $400,000 Hard Cash Pri...
5/12/2014Golden Share Acquires the Canadian Assets of Greatore Inc.
4/10/2014Golden Share Acquires Monster Island Directly Adjacent to Ia...
7/30/2013Beijing Donia Resources Co., Ltd. Announces the Acquisition ...
7/25/2013Obtains Shareholder Approval for Merger With Silvore Fox at ...
7/25/2013Obtains Shareholder Approval for Merger With Silvore Fox at ...
7/10/2013Files Documentation for Merger and Mails July 25, 2013 Speci...
5/30/2013Signs Merger Agreement With Silvore Fox With Support of Chin...
4/2/2013Provides Update on North Shebandowan Contact Zone
2/20/2013Provides an Update and Outlook for 2013
2/8/2013Amends Terms of Favourable Lake Gold Option Agreement
2/4/2013Amends Terms of Conacher Option Agreement
1/3/2013Amends Terms of Option Agreement
11/7/2012(Lac Fortune)Sells Lac Fortune West Project to Vantex Resources
11/1/2012VSA Capital Initiates Coverage on Golden Share
10/25/2012Samples up to 2.24 g/t Au in New Shear on Larose
9/19/2012Grants Stock Options
9/13/2012Samples Up to 26.40 g/t Au in Shebandowan Summer Program
5/18/2011Stakes an Additional 7 km West Along Pistol Lake-Band Ore Tr...
4/1/2011(Band Ore)Lake Shore Gold to Acquire 19.99% of Golden Share Through Sa...
2/11/2011Announces the Departure of a Director
11/10/2010Obtains Grades of 2.53% TREE on Lutetium in Quebec, Canada
4/1/2010Acquires Property Near Eagle Hi =?ISO-8859-1?Q?ll=27s=20Find...
2/4/2010Acquires Lutetium Ree Property in Central Quebec, Canada
10/22/2009Recovers 25=2E50 g/t Au on Surface and Completes Pistol Lake...
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