Golden Share Signs Merger Agreement With Silvore Fox With Support of Chinese Mining Company Sinotech

Golden Share Mining Corporation ("Golden Share" or the "Company") (TSX
VENTURE:GSH) is pleased to announce the signature of an amalgamation agreement
(the "Agreement") under which it would merge its business with Silvore Fox
Minerals Corp. ("Silvore Fox"; jointly the "Parties"), a Canadian junior
explorer listed on the TSX Venture Exchange (the "TSXV").


Golden Share's proposed merger with Silvore Fox seeks to leverage the input of
Sinotech Minerals Exploration Co. Ltd. ("Sinotech"), a leading Chinese mineral
exploration and development company. Sinotech is a 50.03% shareholder of Beijing
Donia Resources Co. Ltd. ("Beijing Donia"), a cornerstone investor in Silvore
Fox, which acts as its overseas development arm with a focus on Canada. Sinotech
sees the merged entity as an ideal platform to further develop its activities in
exploration and development of precious metals in North America.


The Parties intend to finalize a transaction under which Silvore Fox would merge
with Golden Share on the basis of one share of the new company ("Amalco") for
each five existing shares of Golden Share and Silvore Fox (the "Transaction").
Each Party's board of directors has approved the Transaction. Both Parties will
seek approval of their respective shareholders at special meetings expected to
be held in July 2013. The Transaction also remains subject to the approval of
the TSXV.


Amalco will retain the name Golden Share Mining Corporation. Amalco's Board of
Directors will be comprised of four members, two members appointed by Silvore
Fox (Ge (Anna) Mao, Vice President of Sinotech and General Manager of Beijing
Donia, as Chairperson and Wenshan (Wilson) Zhang, Chief Geologist of Beijing
Donia, as director) and two members appointed by Golden Share (Philippe Giaro
and Christian Guilbaud). The new management team will include Philippe Giaro as
President and Chief Executive Officer, Laurence Huss as Vice-President
Exploration and Hua (Helen) Gao as Chief Financial Officer. Dr. Jingbin Wang,
Chairman of the Board of Sinotech, will join Amalco's Advisory Board.


Amalco will have approximately $ 1.0 M in cash post-merger and will move its
head office to Silvore Fox's current head office in Markham, Ontario. 


President and Chief Executive Officer Philippe Giaro commented:

"We are very pleased to enter into this Transaction with the support of Silvore
Fox's cornerstone investor Beijing Donia, a subsidiary of Sinotech as well as
our principal shareholder, Lake Shore Gold Corp.. Golden Share's objective has
always been to develop its precious metal projects in Canada and this
Transaction provides our team with a technically focused and financially very
solid partner sharing our corporate objectives for the benefit of shareholders.
Several meetings with Sinotech and Beijing Donia's management teams in Canada
and China as well as my recent visit of one of Sinotech's operating mine in
Northern China confirmed this common vision. It is equally important to note
that, beyond our technical affinities, Beijing Donia and Sinotech share our
Canadian mining culture through their corporate history with Canadian listed
junior companies. They have notably recently been involved in the financing of
Nickel North Exploration for which they also provide technical and corporate
support. We look forward to further developing Golden Share with the support
this new partner".


Lock-Up Agreement 

Golden Share has signed a lock-up agreement with its major shareholder, Lake
Shore Gold Corp. that, among other things, requires it to vote all of its shares
in favor of the Transaction as outlined in the Agreement. Silvore Fox has
similarly signed a lock-up agreement with its major shareholder, Beijing Donia
Resources Co. Ltd..


About Sinotech Minerals Exploration Co. Ltd.

Sinotech's new structure was established in 2004 with the clear objective to
become a leading emerging metal producer. Its headquarters are located in
Beijing and Sinotech currently owns more than one hundred minerals projects all
over the world with direct involvement in the development of over twenty
subsidiary companies. Sinotech has established partnerships with all major
Chinese gold producers. It currently operates four mines in China for a variety
of metals including gold, silver, copper, lead, zinc, molybdenum and iron
generating a revenue over Yuan 500 M ($US 81 M) per year. In addition, two other
mines are currently under construction. On the exploration front Sinotech has
invested over Yuan 800 M ($US 130 M) in mainland China over the past three
years. Overseas, Sinotech has been actively pursuing exploration and mining
opportunities with strategic direct and indirect investments in four TSXV and
two ASX listed, well-funded, junior explorers developing projects for gold, base
metals and nickel in Africa and North America. For further details please see
the Sinotech April 2013 corporate presentation on : http://www.goldenshare.ca.


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%(i) 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. 


(i) Lake Shore Gold Corp. acquired direct ownership of a total of 21.69 million
common shares of Golden Share representing 19.9 per cent of the outstanding
shares, as well as warrants to acquire an additional 10,845,000 common shares of
Golden Share (representing 9 per cent of the outstanding shares on a partially
diluted basis) at an exercise price of 20 cents per common share


Forward-Looking Statements

Forward-looking statements included or incorporated by reference in this
document include statements with respect to the completion of the Transaction
and Amalco's investors, financial position and management team following the
Offer. Although Golden Share believes the expectations reflected in these
forward-looking statements are based on reasonable assumptions, they can give no
assurances that these expectations will be achieved. Factors that could cause
actual results to differ materially from expectations include the effects of
general economic conditions, the price of metals, actions by government or
regulatory authorities, receipt of shareholder approvals, additional financing
requirements and competitive pressures. These factors and others are more fully
discussed in the Company's filings with Canadian securities regulatory
authorities.


United States Shareholders 

The Transaction relates to common shares of a Canadian company. U.S.
shareholders should be aware that the Transaction is subject to the disclosure
requirements of Canada, which are different from those of the United States. The
financial statements included or incorporated by reference in documents relating
to the Transaction have been prepared in accordance with International Financial
Reporting Standards, and may be subject to Canadian auditing and auditor
independence standards, and thus may not be comparable to financial statements
of United States companies.


The enforcement by shareholders of civil liabilities under the United States
federal securities laws may be affected adversely by the fact that Silvore Fox
is incorporated under the laws of Alberta and Golden Share is incorporated under
the federal laws of Canada, most of their respective officers and directors are
residents of Canada and other foreign countries, and some or all of their
respective assets and the assets of their respective officers and directors are
located outside the United States. U.S. shareholders may not be able to sue a
Canadian company or its officers and directors in a Canadian or other foreign
court for violations of U.S. securities laws, and it may be difficult to compel
a Canadian company and its affiliates to subject themselves to a U.S. court's
judgment.


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

OR OUR FACEBOOK PAGE AT:
http://www.facebook.com/#!/profile.php?id=100001472712018&v=wall 


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