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Primary Phase

Total Stones

Total Carats

Calculated

Processed

Grade* (cpht)

or Unit EJF CPK PPK MJF MJF-S JLRPK LJF LJF-S CF UJFF LJFF UKS KDF U

11,507 615 809 1,031 22 109 183 24 0.2 7 - 7 3 -

1,061.86 98.48 77.34 66.63 0.87 10.83 9.02 1.18 9.15 0.55 - 0.25 0.14 -

Tonnage 11,078.26 961.09 798.24 2,188.47 135.77 180.36 1,984.37 998.68 209.26 53.22 10.20 202.08 103.01 20.75

Tonnage 5,831.10 535.88 439.40 1,165.82 60.49 80.74 768.39 506.07 103.87 38.50 5.89 172.65 67.16 12.82

9.59 10.25 9.69 3.04 0.64 6.00 0.45 0.12 4.37 1.04 0.00 0.12 0.13 0.00

Table 5.1: LDD mini-bulk sample details and diamond recovery (as at December 18, 2007)

A total of 5,831.10 dry tonnes, representing a calculated tonnage of 11,078.26 tonnes of the volumetrically largest unit, EJF Kimberlite, was processed and yielded 1,061.86 carats. The average in-situ grade estimated for EJF is 9.59 cpht. All diamond concentrate samples were dispatched by Shore and processed by SGS Lakefield for final diamond recovery. Production and sampling results details are presented in Eggleston et al. (2008).

Diamond Valuation

7.06

9,788.78

18,923.75

TOTAL 14,419 Note: * based on calculated tonnage.

1,336.29

During the first quarter of 2005, Shore commissioned four independent valuators based in Antwerp, Belgium to value the initial 3,050 carat diamond parcel recovered from its bulk sampling program on the Star Kimberlite. The 3,050 carat diamond parcel was examined by the following companies:

  • R. Steinmetz and Sons N.V. (R. Steinmetz);

  • WWW International Diamond Consultants Limited (WWW);

  • Rio Tinto Diamonds N.V. (Rio Tinto Diamonds); and

  • BHP Billiton Diamonds (Belgium) N.V.

On February 23, 2005, Shore announced that a sample value of US$110 per carat was the average price of the valuations provided by the four companies and reflected the actual price that a diamond producer would have received for this parcel in Antwerp, Belgium at the time of the valuation.

In February, 2006, Shore commissioned a diamond valuation study by three companies: R. Steinmetz, Rio Tinto Diamonds and WWW. The companies valued a parcel of 5,949.88 carats of diamonds from the underground bulk samples. The average of the valuations provided by the three companies for the total diamond parcel was US$102 per carat and reflected the actual price

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

Page 22 of 109

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