SHORE GOLD INC. SHORE GOLD INC. ANNUAL GENERAL MEETING ANNUAL GENERAL MEETING

June 24, 2004June 24, 2004

George Read, P. Geo,George Read, P. Geo, VP Exploration VP Exploration

Star Diamond Project Star Diamond Project 2004 Bulk Sample Program2004 Bulk Sample Program

Canadian Diamond Canadian Diamond Mines & ProjectsMines & Projects

Ekati & Ekati & DiavikDiavik

JerichoJericho

Snap Snap Gahcho KueGahcho Kue

Buffalo Buffalo HillsHills

VictorVictorRenardRenard

FALCFALC--JVJV

StarStar

Star KimberliteStar Kimberlite

177 claims177 claims

58,191 hectares58,191 hectares

••100% Shore Gold (incl. marketing)100% Shore Gold (incl. marketing)

••60 km east of Prince Albert, Sask.60 km east of Prince Albert, Sask.

••YearYear--round road accessround road access

••Close to power (15 km) & water 1.5 km)Close to power (15 km) & water 1.5 km)

••Saskatchewan: mining infrastructureSaskatchewan: mining infrastructure

Star Diamond ProjectStar Diamond Project

••Discovered by Shore Gold in 1996Discovered by Shore Gold in 1996

••Geophysics & Drilling (37 holes)Geophysics & Drilling (37 holes)

••Large (>200 Ha) Fort a la Corne KimberliteLarge (>200 Ha) Fort a la Corne Kimberlite

••Macrodiamonds (largest 0.64ct)Macrodiamonds (largest 0.64ct)

••Sample diamond grade: 20 Sample diamond grade: 20 –– 30 cpht30 cpht

••Completed 1231 km GeoTEM surveyCompleted 1231 km GeoTEM survey

Star KimberliteStar Kimberlite

Kimberlite SizeKimberlite Size

Star Kimberlite Star Kimberlite GeologyGeology

••Detailed core logging by Shore / GSCDetailed core logging by Shore / GSC

••Sedimentology / StratigraphySedimentology / Stratigraphy

••Whole rock geochemistry (302 samples)Whole rock geochemistry (302 samples)

••GeochronologyGeochronology

••MicropaleontologyMicropaleontology

••HMA / indicator mineral chemistryHMA / indicator mineral chemistry

••Micro / macrodiamond studiesMicro / macrodiamond studies

Star GeologyStar Geology

Batch 1Batch 1

Batch 5Batch 5

Batch 6Batch 6

Batch 7Batch 7

Batch 9Batch 9

Batch 10Batch 10

Star Diamonds

Diamond mine Diamond mine economics dependent economics dependent on on GRADEGRADE (cpht) and (cpht) and

VALUEVALUE (US$/carat)(US$/carat)

Economics

142250.06Koffiefontein (SA)161100.15Kimberly (SA)19111.72Argyle (Australia)

Value / Tonne Value / Tonne (US$)(US$)

Value / Carat Value / Carat (US$/ct)(US$/ct)

Carats / Carats / TonneTonneMineMine

Economics

1511511,700,000,0001,700,000,00011,200,00011,200,000CanadaCanada

71719,054,420,0009,054,420,000126,246,000126,246,000World totalWorld total

120450,400,0003,749,000All Others215322,340,0001,502,000Namibia137803,145,0005,871,000Angola

1011,144,655,00011,301,000South Africa

25496,310,00019,637,000Democratic Republic of Congo801,650,000,00020,500,000Russia11293,700,00026,070,000Australia832,193,870,00026,416,000Botswana

Unit Value Unit Value (US$/ct)(US$/ct)

Value of Value of Production (US$)Production (US$)CaratsCaratsCountryCountry

Economics

Bulk SampleBulk Sample

Collect Collect 25,00025,000 tonnes of tonnes of kimberlite, to recover kimberlite, to recover

3,000 to 5,0003,000 to 5,000 carat carat diamond diamond parcel to determine parcel to determine

average average US$/caratUS$/carat valuevalue

ShaftShaft

••Currently at 250 m below surfaceCurrently at 250 m below surface••4.5 m concrete4.5 m concrete--lined shaftlined shaft

ShaftShaft

175 m Lateral Drift175 m Lateral Drift175 & 235 m Lateral Drifts175 & 235 m Lateral Drifts

••Rock bolts, netting, shotcreteRock bolts, netting, shotcrete••Electrical substation Electrical substation ••LHD scooptram to muck driftLHD scooptram to muck drift

175 m Lateral Drift175 m Lateral Drift

••Detailed geological mappingDetailed geological mapping

••Drilling ahead of driftingDrilling ahead of drifting

••Horizontal and angled holes Horizontal and angled holes

Kimberlite StockpileKimberlite Stockpile

••Over 12,000 tonnes on surfaceOver 12,000 tonnes on surface

Processing PlantProcessing Plant

••Primary feed binPrimary feed bin

Processing PlantProcessing Plant

••Housed in heated CoverHoused in heated Cover--AllAll

••30 tph crush, scrub & screen30 tph crush, scrub & screen

••Two stage crush Two stage crush –– jaw & conejaw & cone

Processing Plant Processing Plant -- DMSDMS

••10 tph DMS10 tph DMS

••XX--ray Flowray Flow--sortsort

••Grease tableGrease table

••Final recovery at secure facilityFinal recovery at secure facility

DIAMONDS: DIAMONDS: FINAL RECOVERYFINAL RECOVERY

••XX--ray Flowray Flow--sort & Grease Table sort & Grease Table concentrates concentrates –– SGS LakefieldSGS Lakefield

••Grease table tails & DMS lights Grease table tails & DMS lights ––Rio Tinto’s TBMPLRio Tinto’s TBMPL

Total:1010

9

7A

6

5

1

Batch Batch ##

7.019.739.73

9.35

12.36

6.96

4.95

1.58

Grade Grade (cpht)(cpht)

3,707681681

1,093

356

1,093

238

246

Number of Number of DiamondsDiamonds

1.101.1057.0657.06586.13586.13Shaft: 237 Shaft: 237 -- 250250

344.164,912.78

2.1491.98983.34Station: 230.4 - 235

2.8732.85265.83Shaft: 190.5 - 196.2

3.50130.681,878.06Shaft & Station: 171 - 190.5

2.6118.51373.90Shaft: 161.5 - 171

1.3013.08825.52Shaft: 107 - 131.4

Largest Largest Stone Stone

(carats)(carats)

TotalTotalCaratsCarats

Dry Dry TonnesTonnes

LocationLocationBelow SurfaceBelow Surface

INITIAL DIAMOND RECOVERIESINITIAL DIAMOND RECOVERIES

INITIAL DIAMOND RECOVERIES INITIAL DIAMOND RECOVERIES HIGHLIGHTSHIGHLIGHTS

••3,355 Diamonds > 3,355 Diamonds > 1.18mm1.18mm

••338 carats > 1.18mm 344 carats > 0.85mm338 carats > 1.18mm 344 carats > 0.85mm

••33 Diamonds exceed 1 carat33 Diamonds exceed 1 carat

••88 Diamonds exceed 0.5 carat88 Diamonds exceed 0.5 carat

••80% White, 12% Off80% White, 12% Off--whitewhite

••24 Yellow, 21 Pink, 3 Green24 Yellow, 21 Pink, 3 Green

DIAMONDSDIAMONDS

DIAMONDSDIAMONDS

DIAMONDSDIAMONDS

DIAMONDSDIAMONDS

PROJECT SUMMARYPROJECT SUMMARY

••100% Shore Gold (incl. marketing)100% Shore Gold (incl. marketing)

••Large diamondiferous kimberliteLarge diamondiferous kimberlite

••Potential for large ore volumePotential for large ore volume

••Potential for high value diamondsPotential for high value diamonds

••Project well advancedProject well advanced

••Exciting initial diamond resultsExciting initial diamond results

Star Future?Star Future?

Orapa Diamond Mine 2002Orapa Diamond Mine 2002

TRADING INFORMATIONTRADING INFORMATION

Shares Listed: Shares Listed: TSXV TSXV Symbol: Symbol: SGFSGF

Issued CapitalIssued Capital 50,333,29350,333,293

Fully Diluted CapitalFully Diluted Capital 61,394,42861,394,428

Market Capitalization @ $1.50/shareMarket Capitalization @ $1.50/share $92,091,642$92,091,642

Working CapitalWorking Capital $12,000,000$12,000,000

CORPORATE OFFICECORPORATE OFFICE

300 300 -- 224 4224 4thth Avenue SouthAvenue SouthSaskatoon, SK, S7K 5M5Saskatoon, SK, S7K 5M5Tel: (306) 664Tel: (306) 664--22022202Fax: (306) 664Fax: (306) 664--71817181

Email: Email: shoregold@shoregold.comshoregold@shoregold.comWeb: Web: www.shoregold.comwww.shoregold.com

OFFICERS & DIRECTORSOFFICERS & DIRECTORSKenneth E. MacNeill Kenneth E. MacNeill President,President, Chairman, CEO Chairman, CEO DirectorDirectorHarvey BayHarvey BayCFO, DirectorCFO, DirectorGarnet Schulhauser Garnet Schulhauser Corporate SecretaryCorporate SecretaryGeorge H. Read George H. Read VP ExplorationVP ExplorationGeorge Sanders George Sanders VP Corporate DevelopmentVP Corporate DevelopmentRonald G. Walker Ronald G. Walker DirectorDirectorArnie HillierArnie HillierDirectorDirectorNeil McMillan Neil McMillan DirectorDirectorBrian Menell Brian Menell DirectorDirector