Shore's current LDD programs near completion



    Stock Symbol: SGF: TSX

    SASKATOON, Oct. 30 /CNW/ - George H. Read, P. Geo., Senior Vice President
Exploration and Development, announces that, in anticipation of the completion
of the large diameter (LD) drilling programs on the Star Diamond Project
(Shore 100 percent) and the Fort a la Corne Joint Venture (FALC-JV: Shore 60
percent, Newmont 40 percent), Shore has given its LD drilling contractor, Nuna
Logistics (Nuna), 90 days notice. The notice period is a requirement of the
drilling contract that Shore has with Nuna. During the notice period drilling
will be completed on the Taurus Kimberlite cluster in preparation for future
evaluation, in addition to some final holes on Orion South, which, in
combination with the underground bulk sampling results, will be necessary for
resource definition.
    It is anticipated that the LD drilling will be complete towards the end
of January 2009 at which time Nuna will demobilize from site. The
demobilization of Nuna may result in changes to the current complement of
Shore personnel and other contractors; however, the extent of such changes has
not yet been determined.
    Senior Vice President Exploration and Development, George Read, states:
"The anticipated completion in late January 2009 of the LDD program in the
FALC-JV is a major milestone in the evaluation of these large diamondiferous
kimberlites. The LDD rigs were state of the art technology at the commencement
of the contract in 2005 and have provided Shore diamond results that form an
integral part of the resource estimation process. The Bauer BG36 rigs used by
Nuna enabled the extraction of representative mini-bulk samples from these
buried kimberlites that was beyond the scope and economics of an underground
bulk sampling program. The underground bulk sample program currently underway
on Orion South will continue into 2009 as Shore and Newmont collect the data
required for resource estimation on Orion South. While the numerous
kimberlites within the FALC-JV will require additional LD drilling further
into the future, it is the present focus of Shore and Newmont to evaluate the
Star and Orion South Kimberlites to the point where a joint production
decision can be made."
    Senior Vice President Exploration and Development, George Read,
Professional Geoscientist in the Provinces of Saskatchewan and British
Columbia, is the Qualified Person responsible for the verification and quality
assurance of analytical results. Shore is a Canadian based corporation engaged
in the acquisition, exploration and development of mineral properties. Shares
of the Company trade on the TSX Exchange under the trading symbol "SGF".

    Caution Regarding Forward-Looking Statements

    From time to time, Shore makes written or oral forward-looking statements
within the meaning of certain securities laws, including the "safe harbour"
provisions of the Ontario Securities Act and the United States Private
Securities Litigation Reform Act of 1995. Shore may make such statements in
this press release, in other filings with Canadian regulators or the United
States Securities and Exchange Commission, in reports to shareholders or in
other communications. These forward-looking statements include, among others,
statements with respect to Shore's objectives for the ensuing year, our medium
and long-term goals, and strategies to achieve those objectives and goals, as
well as statements with respect to our beliefs, plans, objectives,
expectations, anticipations, estimates and intentions. The words "may,"
"could," "should," "would," "suspect," "outlook," "believe," "plan,"
"anticipate," "estimate," "expect," "intend," and words and expressions of
similar import are intended to identify forward-looking statements. In
particular, statements regarding Shore's future operations, future exploration
and development activities or other development plans contain forward-looking
statements.
    All forward-looking statements and information are based on Shore's
current beliefs as well as assumptions made by and information currently
available to Shore concerning anticipated financial performance, business
prospects, strategies, regulatory developments, development plans,
exploration, development and mining activities and commitments. Although
management considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
    By their very nature, forward-looking statements involve inherent risks
and uncertainties, both general and specific, and risks exist that
predictions, forecasts, projections and other forward-looking statements will
not be achieved. We caution readers not to place undue reliance on these
statements as a number of important factors could cause the actual results to
differ materially from the beliefs, plans, objectives, expectations,
anticipations, estimates and intentions expressed in such forward-looking
statements. These factors include, but are not limited to, developments in
world diamond markets, changes in diamond valuations, risks relating to
fluctuations in the Canadian dollar and other currencies relative to the US
dollar, changes in exploration, development or mining plans due to exploration
results and changing budget priorities of Shore or its joint venture partners;
the effects of competition in the markets in which Shore operates; the impact
of changes in the laws and regulations regulating mining exploration and
development; judicial or regulatory judgments and legal proceedings;
operational and infrastructure risks and the additional risks described in
Shore's most recently filed Annual Information Form, annual and interim MD&A
and short form prospectus, and Shore's anticipation of and success in managing
the foregoing risks.
    Shore cautions that the foregoing list of factors that may affect future
results is not exhaustive. When relying on our forward-looking statements to
make decisions with respect to Shore, investors and others should carefully
consider the foregoing factors and other uncertainties and potential events.
Unless otherwise required by applicable securities legislation, Shore does not
undertake to update any forward-looking statement, whether written or oral,
that may be made from time to time by Shore or on our behalf.





For further information:

For further information: Joseph Dickson, Manager, Investor Relations at
(306) 667-3505; Website: www.shoregold.com


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