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Lake Shore Gold Corp. - Report of Voting Results
In accordance with Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations, we hereby advise of the results of the voting on the matters submitted to the special meeting (the “Meeting”) of the shareholders (the “Shareholders”) of Lake Shore Gold Corp. (the “Corporation”) held on March 31, 2016. The matters voted upon at the Meeting are more particularly described in the notice of special meeting of Shareholders and management information circular of the Corporation dated March 7, 2016 (the “Circular”). The results of the voting at the Meeting were as follows:
Item 1: Approval of the Arrangement
By a vote by way of ballot, the special resolution contained in Schedule A to the Circular, authorizing and approving (i) the reduction of the Corporation’s stated capital account maintained for the issued and outstanding common shares of the Corporation (the “Lake Shore Shares”) by the amount as the directors of the Corporation may determine is required such that following the capital reduction, the realizable value of the Corporation’s assets will not be less than the aggregate of the Corporation’s liabilities and the stated capital of all classes of shares of the Corporation, and (ii) the plan of arrangement involving the Corporation and Tahoe Resources Inc. (“Tahoe”) pursuant to section 192 of the Canada Business Corporations Act, whereby Tahoe will acquire all of the issued and outstanding Lake Shore Shares and Shareholders will receive 0.1467 of one common share of Tahoe, for each Lake Shore Share held, was carried.
The results of the ballot vote were as follows:
| Vote Type | Number of Votes | % of Votes |
| For | 240,037,885 | 95.21% |
| Against | 12,063,188 | 4.79% |