2. 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.

3. 3333 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

4. 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

5. 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

6. 6666 Target Kimberlites

7. 7777 Kimberlite Eruption (Surtsey 1963-7) Colour contour of Star EJF elevation EJF cinder cone

8. 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

9. 99 Underground Bulk Sampling 9

10. 10 Pattern Core Drilling 10

11. 11 Core Logging

12. 12 Large Diameter Drilling 12

13. 13 Sample Processing Plant

14. 14 Rough Diamonds

15. 15 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

16. 16 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

17. 17 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

18. 18 Star Diamond Valuations Kimberlite Lithology CaratsModel Price ($/carat) Minimum Price ($/carat) High Price ($/carat) Estimated Percentage Carats of Deposit Cantuar1,126.32$300$241$38312 Pense1,410.73$97$83$1159 EJF7,123.10$160$132$19477 MJF-LJF80.09$99$70$1382 Total9,740.24$170$140$208100

19. 19 Polished Product

20. 20 Fort a la Corne Joint Venture

21. 21 Fort a la Corne Joint Venture - Orion

22. 22 Orion South Geological Model Total 360 to 400 million tonnes kimberlite  Potential 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 Viking Cantuar Pense EJF LJF N

23. 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

24. 24 Orion South Underground Bulk Sampling

25. 25 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

26. 26 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)

27. 27 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 carats Orion North: 7.53, 3.0, 2.86, 2.63 carats  LDD results suggest similar grades to Star

28. 28 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

29. 29 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

30. 30 Peers – Market Capitalization

31. 31 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.

32. 32 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

33. 33 Exploring and Developing Saskatchewan’s Diamond Resources