Incentive Stock Options The Company announces that incentive stock options to purchase up to and aggregate 5,200,000 common shares of the Company at a price of $0.14 per common share on or

HORSESHOE GOLD MINING INC.

(the “Company”)

Suite 600 – 666 Burrard Street Vancouver, B.C. V6C 2X8 Phone: (604) 662-4480 Fax: (604) 685-0553

NEWS RELEASE

November 15, 2010 TSX Venture Exchange: HSX

Incentive Stock Options

The Company announces that incentive stock options to purchase up to and aggregate 5,200,000 common shares of the Company at a price of $0.14 per common share on or before September 3, 2015 have been granted to the following senior officers, directors and/or consultants of the Company:

Harrison Nesbit II 400,000 shares

Michael A. Berry 400,000 shares

James W.F. Tutton 1,200,000 shares

Gerald W. Runolfson 1,200,000 shares

James E. McInnes 2,000,000 shares

For more information on Horseshoe Gold Mining Inc. and its operations, please contact James E. McInnes, (604) 662-4480 or Fax (604) 685-0553.

On behalf of the Board of Directors

“James E. McInnes”

____________________________ James E. McInnes, President

The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of this news release which has been prepared by management.