2222

Safe Harbour Statement

Certain statements contained in this presentation constitute forward-looking statements. These statements relate to future events or the Corporation's future performance, business prospects or opportunities. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect, "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These statements speak only as of the date specified. The Corporation does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements involve risks and uncertainties relating to, among other things, results of exploration activities, the Corporation's limited experience with development-stage mining operations, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, changes in commodity and particularly diamond prices, actual performance of facilities, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. Additional factors that could cause actual results to differ materially include, but are not limited to, the risk factors described in the Corporation’s Annual Information Form dated March 15, 2007. The Corporation cautions that the foregoing list of factors that may affect future results is not exhaustive. Actual results may differ materially from those expressed or implied by such forward-looking statements.

The potential carats, rock value and gross value set out in this presentation are estimates which are calculated based on potential tonnage, average bulk sample grades and modeled carat values from the bulk sample. These figures are conceptual in nature and should not be unduly relied upon because they are based on preliminary exploration results and could be affected by the risks and uncertainties referred to above. There has been insufficient exploration to date to confirm such estimates for the Star or Orion Kimberlites or to define a mineral resource on the Star or Orion Kimberlites and it is uncertain if further exploration will result in the discovery of an economically viable mineral resource on the Star or Orion Kimberlites.

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Company Highlights

Operator of two major diamond exploration projects• 100% Star Diamond Project

• 60% Fort a la Corne Joint Venture

Joint Venture partner: Newmont• 9.7% equity interest in SGF

• 40% interest in FALC-JV

2008 Budget: $106.8 million• Star: $7.9 million

• FALC-JV: $86.8 million

Strong Treasury• Adequate cash for all programs

4444

Project Evolution

Star Diamond Project• Mineral Resource, Reserve and Bankable Feasibility before end 2008

• Field work complete

FALC-JV: Orion Kimberlite Cluster• Detailed bulk sampling in 2008

• Orion South – Shaft sinking, underground bulk sampling & LDD

• Orion North (K120) - LDD

FALC-JV: Taurus Kimberlite Cluster• The New Frontier

• Enormous Kimberlite Volume and Known Macrodiamonds

• LDD in 2008

5555

Project Location

Road accessible 365 days/year Access to hydroelectric power Mining friendly province

Region in close proximity to existing local infrastructure

Significant contrast to difficult logistics of projects in Northern Canada

Ekati & Diavik

Snap

Gaucho Kue

Victor

RenardSTARORION

SASKATOON

CANADIAN DIAMOND MINES & ADVANCED PROJECTS

CANADIAN DIAMOND MINES & ADVANCED PROJECTS

Ekati & Diavik

Snap

Gaucho Kue

Victor

RenardSTARORION

SASKATOON

Ekati & Diavik

Snap

Gaucho Kue

Victor

RenardSTARORION

SASKATOON

CANADIAN DIAMOND MINES & ADVANCED PROJECTS

CANADIAN DIAMOND MINES & ADVANCED PROJECTS

6666

Target Kimberlites

7777

Kimberlite Eruption (Surtsey 1963-7)

Colour contour of Star EJF elevation

EJF cinder cone

8888

Star Diamond Project

• Resource Definition imminent • Mid 2008 Reserve Definition• End 2008 Bankable Feasibility Study• 2009/2010 Pre-Strip of open pit/mine construction• 2011 Potential Production

Advanced stage exploration under way

99

Underground Bulk Sampling

9

1010

Pattern Core Drilling

10

1111

Core Logging

1212

Large Diameter Drilling

12

1313

Sample Processing Plant

14141414

Rough Diamonds

15151515

Star Geological Model

*Conceptual in nature, not Resource – Resource early 2008

Total 276 million tonnes kimberlite

Potential economic lithologies:• EJF: 163 million tonnes*

• Pense: 26 million tonnes*

• Cantuar: 23 million tonnes*

• MJF: 14 million tonnes*

• LJF: 30 million tonnes*

• KDF: 20 million tonnes* (not modeled)

EJF

Cantuar

MJF

LJF

Cantuar

Pense

100 metres

100 metres

1616

18 cpht

16 cpht

10.5 cpht

EJF 300 tonne Bulk Samples 41,745 tonnes

RE-EJF 30 tonne Mini Bulk Samples 1,055 tonnes

EJF 30 tonne LDD Mini Bulk Samples 3,471 tonnes

Under recovery of course diamonds due to breakage of large stones

Over recovery of small diamonds which are fragments of large broken stones

Gap due to sample support size

14

Relationship between Underground Bulk and Mini Bulk (LDD & RE) Samples for EJF at Star

Star Diamond Grade

17171717

Star Diamonds

10,829 carats from 70,641 tonnes underground bulk sample EJF 18 cpht; Cantuar 18 cpht; Pense 13 cpht; MJF 7 cpht; LJF 3 cpht Attractive diamond populations with high proportion of white and

coarse size frequency distributions Largest stones 49.50, 22.56, 19.67, 19.58, 19.30 carats

1818

Star Diamond Valuations

KimberliteLithology

Carats ModelPrice

($/carat)

MinimumPrice

($/carat)

HighPrice

($/carat)

Estimated Percentage Carats of Deposit

Cantuar 1,126.32 $300 $241 $383 12

Pense 1,410.73 $97 $83 $115 9

EJF 7,123.10 $160 $132 $194 77

MJF-LJF 80.09 $99 $70 $138 2

Total 9,740.24 $170 $140 $208 100

19191919

Polished Product

20202020

Fort a la Corne Joint Venture

21212121

Fort a la Corne Joint Venture - Orion

222222

Orion South Geological Model

Total 360 to 400 million tonnes kimberlitePotential economic lithologies

• EJF 1 & 2: 196 million tonnes*

• Pense 1, 2 & 3: 124 million tonnes*

• Cantuar: 9 million tonnes*

• Viking: 17 million tonnes*

• LJF: 54 million tonnes*

*Conceptual in nature, not Resource – Resource 2009

100 metres

100 metres

Viking

CantuarPense

EJF

LJF

N

23

Star RE-EJF 30 tonne Mini Bulk Samples 1,055 tonnes

Star EJF 30 tonne LDD Mini Bulk Samples 3,471 tonnes

Star EJF 300 tonne Bulk Samples 41,745 tonnes

Orion South EJF 30 tonne Mini Bulk Samples 1,604 tonnes

Orion South Pense 30 tonne Mini Bulk Samples 2,276 tonnes

18 cpht

16 cpht

10.5 cpht

10 cpht

6 cpht

Relationship between Star EJF Results and Orion South LDD Results

23

Orion South LDD Diamond Grade

242424

Orion South Underground Bulk Sampling

252525

Orion South Shaft Complete

Shaft complete to 210 metres below surface

Station construction complete 4.5 metre diameter, concrete lined 7,000 tonnes kimberlite from

shaft and station Bulk sampling at 180 metres:

targeting EJF1, EJF2 & Pense Target 10,000 carats from EJF

and 5,000 carats from Pense

262626

Orion South Shaft Geology

LJF

EJF

Till

20.43 cpht

16.62 cpht

7.32 cpht

Initial results: 97 carats from 605 tonnes Elevated grade close to till-kimberlite

interface (16-20 cpht)

2727272727

FALC-JV Orion Diamonds

27

10.53 carats

Attractive diamond populations similar to Star Coarse size frequency distributions

Orion South: 15.88,10.53, 10.23, 8.29, 6.31, 5.21 caratsOrion North: 7.53, 3.0, 2.86, 2.63 carats

LDD results suggest similar grades to Star

2828

Taurus Kimberlite Cluster

Zones of Prospective Coarse Grained

Kimberlite

6.3 km contiguous kimberlite

Potential for large volumes of kimberlite

Macrodiamonds: 57.6 carats, largest stone 1.11 carats

K122 sample grades: 20 cpht

Re-log of archival core indicates prospective coarse grained kimberlite

LDD scheduled for K122, K118 and K150 in 2008 – five holes on each

K122

K152

K218

K118

K150

29292929

Buffalo Hills Acquisition

Shore Gold and Diamondex purchase Ashton’s interest in the Buffalo Hills Project for $17.5M

• Shore $8.75M

• Diamondex $6.25M (+$2.5M in shares)

Diamondex is operator

2008 Budget: $7 million (50% SGF)

2008 Program 14,000 m PQ core drilling on kimberlites: K91, BH225, K14, K252, K6 & K5

Drill Program commenced Feb 2008

3030

Peers – Market Capitalization

3131313131

Executive Management

Ken MacNeill (President, CEO, Director) – 26 years experience in resource development in Saskatchewan; 11 years diamond experience.

Harvey Bay (COO & CFO) – 28 years experience in financial management of resource companies; 5 years diamond experience.

George Read – (Senior VP Ex & Dev) 24 years experience in the diamond industry, including 12 years with De Beers.

Pieter du Plessis – (VP Ex) 19 years experience in the diamond industry - 15 with De Beers.

3232323232

Corporate Information

CORPORATE OFFICE 300 - 224 4th Avenue S, Saskatoon, SK S7K 5M5 Tel: (306) 664-2202 Fax: (306) 664-7181 Email: shoregold@shoregold.com Web: www.shoregold.com

MARKET AND FINANCIAL INFORMATION

• Shares Listed: TSX (Part of TSX Composite Index)

• Symbol: SGF

• Basic Shares O/S: 182.7million

• Fully Diluted Shares O/S: 190.8 million

• Adequate cash to complete all announced programs

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Exploring and Developing Saskatchewan’s Diamond Resources