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Table 16.9.2: Mineral Resource Statement for the Star Diamond Project (100% Shore) only. Reported at an internal cut-off of CAD$5.08 for the Cantuar, Pense, Early Joli Fou (EJF), Mid Joli Fou (MJF) and Late Joli Fou (LJF) kimberlite units. 1,2,3,4,5,6

Cantuar

4,985

12.67

632

Pense

8,002

15.64

1,251

EJF Inner

58,886

16.57

9,760

EJF Outer

27,378

9.72

2,662

MJF

1,651

4.60

76

LJF

158

4.54

7

TOTAL Indicated

101,062

14.24

14,388

Cantuar

347

6.32

22

Pense

3,178

13.99

445

EJF Inner

1,282

17.30

222

EJF Outer

17,762

10.94

1,943

MJF

0

0.00

0

LJF

25

3.62

1

TOTAL Inferred

22,594

11.65

2,632

Class

Indicated

Inferred

UNITS

Tonnes Grade

Carats

x 1000

cpht

x 1000

  • (1)

    Mineral resources are accumulated within an optimized floating-cone pit shell.

  • (2)

    Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources

may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues. (3) The quantity and grade of reported inferred resources in this estimate are conceptual in nature. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve.

  • (4)

    1.0 millimetre bottom cut-off assumed.

  • (5)

    WWW High scenario.

  • (6)

    Due to rounding, figures may not add up to the totals shown.

Table 16.9.3: Mineral Resource Statement for Star West (60% Shore, 40% Newmont) only. Reported at an internal cut-off of CAD$5.08 for the Cantuar, Pense, Early Joli Fou (EJF), Mid Joli Fou (MJF) and Late Joli Fou (LJF) kimberlite units. 1,2,3,4,5,6

Class

UNITS Cantuar

Tonnes x 1000

Grade cpht

Carats x 1000

6,522

16.83

1,098

Indicated

Pense EJF Inner EJF Outer MJF LJF TOTAL Indicated Cantuar

0 21,630 4,741 16,966 738 50,597 79

0.00 16.65 9.36 5.50 3.88 12.07 14.46

0 3,602 444 933 29 6,105 11

Inferred

Pense EJF Inner EJF Outer MJF LJF TOTAL Inferred

0 1,390 2,095 1 5 3,571

0.00 14.54 10.24 4.96 3.38 12.00

0 202 215 0 0 428

  • (1)

    Mineral resources are accumulated within an optimized floating-cone pit shell.

  • (2)

    Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be

materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues. (3) The quantity and grade of reported inferred resources in this estimate are conceptual in nature. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve.

  • (4)

    1.0 millimetre bottom cut-off assumed.

  • (5)

    WWW High scenario.

  • (6)

    Due to rounding, figures may not add up to the totals shown.

P&E Mining Consultants Inc. NI 43-101 Technical Report No 159 Shore Gold Inc. - Star Diamond Project Resource Estimate Update

Page 93 of 109

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