Court dismisses De Beers appeal against Shore Gold

Voting Agreement relating to the Fort a la Corne Joint venture stands valid
Court dismisses De Beers appeal against Shore Gold

Shore Gold, a Canadian junior miner announced that the Court of Appeal for Saskatchewan has dismissed an appeal made by De Beers Canada against Shore, Kensington Resources Ltd., Cameco Corporation and UEM Inc on May 20, 2006. De Beers had sought a declaration that the Voting Agreement relating to the Fort a la Corne Joint venture was void as well as an injunction.

The injunction was to restrain the defendants from holding a management committee meeting at which a vote is to be taken, or to restrain the defendants from using the Voting Agreement in connection with a management committee vote. But the Court of Queens Bench for Saskatchewan dismissed De Beers� claims, with costs to the defendants, in a written decision released on March 30, 2006.

"This decision confirms Shores previous belief that the Voting Agreement is a valid and binding agreement and we now look forward to putting this matter behind us and moving the FALC JV project forward," Shore Gold�s president and CEO Kenneth MacNeill said in a statement.


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