EXP Experion Holdings Ltd

Canadian Shield Resources Ltd. (TSX VENTURE: EXP) ("Canadian Shield" or the "Company") is pleased to announce a proposed non-brokered private placement offering of up to 1,875,000 Units at $0.80 per Unit for gross proceeds of up to $1,500,000. Each Unit is comprised of one common share and one non-transferable Warrant. Each Warrant entitles the holder to purchase one common share at an exercise price of $1.20 per share for a period of 12 months from the date of closing of the private placement offering. The Warrant is callable, at the option of Canadian Shield, four months after the date of closing in the event its common shares trade at or over $1.60 per share for 10 consecutive trading days.

The number of common shares issuable if the private placement is fully subscribed and all Warrants are exercised is 3,750,000 common shares for gross proceeds of $3,750,000.

Qualified selling agents will be paid finders' fees of 10% of the gross proceeds from the Units placed by the agent.

The offering is being made under the TSX Venture Exchange Private Placement Policy and is subject to regulatory approval.

The proceeds of the offering will be used for:

(i) drilling and analytical analysis at Colpayoc Property and La Estrella Property;

(ii) property earn-in payments and community agreements at Colpayoc Property;

(iii) property license fees; and

(iv) working capital and general corporate purposes.

Canadian Shield continues to pursue joint ventures for its existing properties and geological database and is in advanced negotiations with potential partners.

Investors are invited to visit the Canadian Shield IR Hub at http://www.agoracom.com/IR/CanadianShield where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors may e-mail all questions and correspondence to EXP@agoracom.com where they can sign up for the investor e-mail list to receive press releases and updates in real time.

About Canadian Shield Resources Ltd. (TSX VENTURE: EXP)

Canadian Shield acquires and explores strategically-located precious and base metal properties in South America. The Company controls a portfolio of eight exploration properties located in Peru and Chile. Canadian Shield will continue to focus on project generation and joint venture opportunities to provide shareholders with interests in a broad portfolio of South American mineral properties. The Company's shares are listed on the TSX Venture Exchange Trading Symbol (TSX VENTURE: EXP). Further information is available at Canadian Shield's website: www.canadianshieldresources.com

STATEMENTS IN THIS PRESS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts: Canadian Shield Resources Ltd. Bernard Kraft Chairman & Interim CEO (416) 927-0025 Ext. 30 or Toll Free Tel: (888) 927-0025 (416) 927-1222 (FAX) investor@canadianshieldresources.com www.canadianshieldresources.com Investor Relations AGORACOM Investor Relations EXP@Agoracom.com www.agoracom.com/IR/CanadianShield