Stock Symbol: SGF: TSX

SASKATOON, Aug. 14, 2013 /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 Canadian Environmental Assessment Agency ("CEAA" or the "Agency") has prepared the Environmental Effects Summary document, which is now available for public review and comment for a period of thirty days. CEAA is the lead agency for the Federal government and Saskatchewan Ministry of Environment ("Ministry") is the lead agency on behalf of the Province, which are jointly conducting the environmental assessment of the proposed Star - Orion South Diamond Project ("Project").

The Environment Effects Summary is based on conclusions presented in Shore's Revised Environmental Impact Statement ("EIS") and on supplemental information submitted to the Agency in April and July 2013. Within these documents, Shore proposes to construct, operate and eventually decommission the Project, a diamond mining and processing facility to be developed within the Fort à la Corne Provincial Forest. The Project is located approximately 60 kilometres east of Prince Albert, Saskatchewan. The Project includes a four-year construction period followed by the excavation of two open-pit mines and processing of approximately 45,000 tonnes of kimberlite rock per day over a projected 20-year period. Shore's plans for decommissioning include progressive reclamation activities beginning within five years from the start of construction and will continue beyond the operations phase of the Project.

The Agency invites the public to comment on the potential environmental effects of the Project and the proposed measures to prevent or mitigate those effects as described in the Environmental Effects Summary. The preparation of the Environmental Effects Summary and public comment period are part of the Federal Comprehensive study type environmental assessment of the Project. The Agency announcement and a link to the Environmental Effects summary document are available on the CEAA website at: http://www.ceaa-acee.gc.ca/050/documents-eng.cfm?evaluation=46277&type=2.

Senior Vice President Exploration and Development, George Read, states: "Subsequent to this period of public comment, the Agency will prepare the Comprehensive Study Report ("CSR"), with input from the public, Federal departments and Aboriginal groups. The CSR will outline the Agency's conclusions regarding the potential environmental effects of the project, the proposed mitigation measures and the significance of the remaining adverse environmental effects. The CSR will also be made available for public comment, after which the Minister of Environment will take into consideration the CSR and all comments received and will issue her environmental assessment decision statement, stating whether the Project is likely to cause significant environmental effects, and if those effects are justified, accounting for the mitigation measures and follow-up program as presented in the CSR."

The Executive Summary of the Revised EIS can be viewed on the company's website: www.shoregold.com.

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.