Federal Review Agencies

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SGF: TSX


SASKATOON, SK, Aug. 10, 2012 /CNW/ - George H. Read, P. Geo., Senior Vice President Exploration and
Development of Shore Gold Inc. ("Shore" or the "Company") is pleased to
announce that the Revised Environmental Impact Statement ("EIS") for
the Star - Orion South Diamond Project ("the Project") has been
submitted to the Saskatchewan Ministry of Environment ("Ministry") and
the Canadian Environmental Assessment Agency ("CEAA"). The Ministry is
the lead agency on behalf of the Province and the CEAA is the lead
agency for the Federal government, which are jointly conducting the
environmental assessment of the Project.


The original Draft EIS, submitted to the Ministry and the CEAA in
December 2010, was based on the Star - Orion South Diamond Project
Pre-Feasibility Study ("PFS"), which was published in March 2010. This
Draft EIS generated 319 review comments and information requests from
Federal and Provincial agencies, and 483 review comments and
information requests from Aboriginal groups. In addition, the Revised
EIS is based on the Feasibility Study of the Star - Orion South Diamond
Project ("FS"), published August 2011, and incorporates responses to
all the review comments and information requests. The Revised EIS
includes comprehensive Traditional Land Use information generated as a
consequence of Information Gathering Agreements signed with nine
Aboriginal groups with an expressed interest in the Project.


Shore and AMEC Environment and Infrastructure ("AMEC") have jointly
prepared the Revised EIS and includes an updated groundwater model that
has been developed using pump testing information collected from the
prototype dewatering well drilled between Star and Orion South, as
recommended by the PFS. Shore has conducted extensive discussions with
the Federal government over the last 12 months regarding the
appropriate application of the Fisheries Act to the Project, given that
there are currently no specific regulations in place for diamond mines.
The Revised EIS includes detailed discussion of the Fisheries Act and
its application to the Project.


Senior Vice President Exploration and Development, George Read, states:
"The submission of the Revised EIS marks the achievement of another
major milestone on the route to the development of a world-class
diamond mine in Saskatchewan. The Revised EIS is a substantial document
that represents a huge amount of work and includes over 10,500 pages of
information. The completion of the Revised EIS proved to be a
substantial amount of work and the Shore and AMEC staff are
complemented on their diligent completion of this task. Shore is
presently focused on the completion of all Federal and Provincial
requirements for Project approval and subsequent permitting.
Simultaneous to the ongoing completion of Project approval and
permitting, Shore is in pursuit of development capital on a number of
fronts."


The Revised EIS will be released for public comment by the Saskatchewan
Ministry of Environment once the document has been reviewed. The
Executive Summary of the Revised EIS can be viewed on the company's
website:


Shore is a Canadian based corporation engaged in the acquisition,
exploration and development of mineral properties. Shares of the
Company trade on the TSX Exchange under the trading symbol "SGF".


Caution Regarding Forward-Looking Statements


This news release contains forward-looking statements as defined by
certain securities laws, including the "safe harbour" provisions of
Canadian securities legislation and the United States Private
Securities Litigation Reform Act of 1995. Forward-looking information
is often, but not always, identified by the use of words such as
"anticipate", "believe", "expect", "plan", "intend", "forecast",
"target", "project", "guidance", "may", "will", "should", "could",
"estimate", "predict" or similar words suggesting future outcomes or
language suggesting an outlook. In particular, statements regarding
Shore's future operations, future exploration and development
activities or other development plans constitute forward-looking
statements.


Forward-looking statements in this press release include, but are not
limited to, assumptions that environmental approval will be attained,
assumptions that financing will be secured, assumptions that the
Star-Orion South Diamond Project economics will be positive as
indicated in the Feasibility Study, and assumptions made respecting
diamond price increases resulting from long-term supply/demand
fundamentals.


These forward-looking statements are based on Shore's current beliefs as
well as assumptions made by and information currently available to it
and involve inherent risks and uncertainties, both general and
specific.


Risks exist that forward-looking statements will not be achieved due to
a number of factors including, but not limited to, developments in
world diamond markets, changes in diamond prices, risks relating to
fluctuations in the Canadian dollar and other currencies relative to
the US dollar, changes in exploration, development or mining plans due
to exploration results and changing budget priorities of Shore or its
joint venture partners, the effects of competition in the markets in
which Shore operates, the impact of changes in the laws and regulations
regulating mining exploration, development, closure, judicial or
regulatory judgments and legal proceedings, operational and
infrastructure risks and the additional risks described in Shore's most
recently filed Annual Information Form, annual and interim MD&A.
Shore's anticipation of and success in managing the foregoing risks
could cause actual results to differ materially from what is
anticipated in such forward-looking statements.


Although management considers the assumptions contained in
forward-looking statements to be reasonable based on information
currently available to it, those assumptions may prove to be incorrect.
When making decisions with respect to Shore, investors and others
should not place undue reliance on these statements and should
carefully consider the foregoing factors and other uncertainties and
potential events. Unless required by applicable securities law, Shore
does not undertake to update any forward-looking statement that is made
herein.





SOURCE: Shore Gold Inc.



For further information:

Joseph Dickson, Investor Relations Manager at (306) 667-3505 and http://www.shoregold.com/">www.shoregold.com