Canadian Shield Resources Ltd. (TSX VENTURE:EXP) ("Canadian Shield" or the
"Company") is pleased to announce that it has signed a Letter of Intent ("LOI")
with Kinross Gold Corporation ("Kinross"). The LOI provides guidelines for the
Exploration Alliance which will carry out generative exploration in a designated
area of Peru. Kinross will fund US$500,000 in the generative program over a 12
month period and Canadian Shield will be the initial operator of the exploration
programs.


Canadian Shield will provide local expertise and exclusive access to a
proprietary database built by Gallant Minerals Peru Ltd. S.A. ("Gallant Peru"),
a private exploration company. Canadian Shield acquired 90% of Gallant Peru in
2004. The database comprises a comprehensive compilation of both public and
confidential information. All the information has been digitized and is in a
Geographic Information System format with dozens of targets identified, many of
which have yet to be field checked.


The LOI provides that Kinross will fund US$500,000 of generative work over 12
month term of the Exploration Alliance. Canadian Shield and Kinross may form a
joint venture in respect of any exploration project identified under the
Strategic Alliance and subsequently staked, optioned or acquired (a "Joint
Venture Project"), subject to the discretion of a Technical Advisory Committee
made up of two members from each of Kinross and Canadian Shield. Each Joint
Venture Project will be initially owned 50% by Kinross and 50% by Canadian
Shield. Kinross will have the option to earn an additional 25% participating
interest in the Joint Venture Project by spending a pre-determined amount over a
two year period. Once Kinross has earned a 75% participating interest, the Joint
Venture Project will then be funded on a pro-rata 75/25 basis by Kinross and
Canadian Shield, respectively. Standard dilution clauses will apply, whereby if
either party's interest dilutes to less than 10%, that party's interest in the
Joint Venture Project will revert to a 2% net smelter royalty on all metals
produced. The LOI is a non-binding agreement and is subject to Kinross, Canadian
Shield and Gallant Peru entering into a definitive agreement relating to the
Exploration Alliance.


"Canadian Shield offers Kinross regional expertise in Peru, an experienced
exploration team and a database which will allow us to immediately focus on high
priority, grassroots exploration targets", said Phil Anderson, VP Exploration
for Canadian Shield. "We are extremely pleased to have the opportunity to
partner with Kinross and look forward to generating new projects and increasing
shareholder value for both parties through this alliance", added Mr. Anderson.


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-V:EXP). Further information is available at Canadian Shield's
website: www.canadianshieldresources.com.
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