Golden Share: Trenching Defines New Gold Target Over 300 m Strike Length on Forsan Property

Golden Share Mining Corporation announce the results of the summer 2008 trenching program on its Forsan property as well as provide a broader perspective on the potential of the property.

Following surface geological evaluation work, a trenching program was executed during the month of August 2008. The object of the program was two fold:

- To improve the understanding of the Forsan Mineralized Zone (”FMZ”);
- To expose potential sub-parallel zones recognized during geological evaluation work.

A new mineralized sector discovered by Golden Share and named Forsan Southwest Zone (”FSZ”), is located to the southwest of the FMZ and was recognized over an initial strike length of 300 m. The mineralization discovered in trench # 5 shows that the gold is associated with two distinct sulfide bearing tourmaline-quartz veins displaying individual true widths of up to 0.20 m. The veins are oriented 280 degrees with a dip of 42 degrees towards the south and the following mineralized intervals above 1.00 g/t Au were obtained:

- 3.95 g/t Au over 0.90 m
- 2.81 g/t Au over 0.90 m
- 2.49 g/t Au over 0.60 m
- 1.88 g/t Au over 1.50 m (including 5.10 g/t Au over 0.50 m)
- 1.51 g/t Au over 1.80 m
- 1.19 g/t Au over 0.80 m

East-west shearing was observed in trenches # 4 and 10 and is believed to control the mineralization. In trench # 10, a sulphide bearing shear returned a value of 3.18 g/t Au over 1.00 m, included in a broader interval of 1.67 g/t Au over 2.00 m.

Trenches # 8A and 8B were executed to provide additional surface information on the FMZ. It now appears mineralization is controlled by east-west shears and most of the mineralized veins show an east-west strike with a low angle southern dip in most cases. The porphyric intrusive occurs as a late-stage event and the gold mineralization extends east and west beyond the contacts of the intrusive body. The following mineralized intervals above 1.00 g/t Au were obtained in trenches # 8A and 8B and confirm the type of mineralization previously reported :

- 7.52 g/t Au over 0.50 m
- 5.00 g/t Au over 2.00 m (including 8.54 g/t Au over 1.00 m)
- 1.09 g/t Au over 3.00 m (including 2.84 g/t Au over 1.00 m)

A total of 11 trenches were excavated and were the object of a detailed mapping and channel sampling program by Golden Share; the program comprised a total of 231 individual channel samples. The results as detailed above are presented in the attached figure: http://media3.marketwire.com/docs/Forsan_2008%20Trenching%20results1.pdf

The FMZ underwent systematic diamond drilling in the late 1980’s. The gold mineralization is directly associated with low angle quartz veins and the FMZ has been the object of sufficient work to establish an historical resource estimate of 40,000 ounces of gold (282,605 metric tonnes at a grade of 4.42 g/t Au). These estimates were executed prior to the introduction of National Instrument 43-101; hence they should be treated as historical data and therefore not be relied upon.

Although some detailed mapping has been carried out in the past, it is believed that some of the structural parameters of the FMZ have not been fully understood by the previous operators. Detailed surface work, as executed over the summer by Golden Share, has allowed collecting an important quantity of information that will result in a better understating of the FMZ. An initial conclusion is that the striking structural similarities between the FMZ and the FSZ allow for the establishment of a comprehensive model for the property.