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 1,250,000 Units at $0.80 per Unit for gross proceeds of up to $1,000,000.

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 24 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, if the closing price of the common shares is at least $1.60 for 10 consecutive trading days. The number of common shares issuable if the private placement is fully subscribed and all Warrants are exercised is 2,500,000 common shares for gross proceeds of $2,500,000.

Under the private placement offering the Company may make an over allotment of up to 250,000 Units for additional gross proceeds of up to $200,000.

Qualified finders will receive finders' fees of 10% of the gross proceeds from the Units placed with investors introduced by the finder, payable on closing in cash or in Units equal to 10% of the number of Units placed. The offering is being made under the Exchange Private Placement Policy and is subject to regulatory approval.

The net proceeds of the offering will be used for:

(i) additional Phase I drilling and analytical analysis at Colpayoc Property;

(ii) Phase II drilling and analytical analysis at La Estrella Property;

(iii) geochemical survey of Pampa Poroma Property;

(iv) magnetics survey of Ccello Ccello Property; and

(v) working capital and general corporate purposes.

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

Canadian Shield is a precious metals exploration and development company. The Company acquires and explores strategically-located precious metals properties in Peru and Chile. Canadian Shield has eight exploration projects and is finalizing an Exploration Alliance to explore for gold in Peru. 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. Keith Laskowski President (720) 272-6224 (416) 927-1222 (FAX) klaskowski@canadianshieldresources.com www.canadianshieldresources.com