EXP Experion Holdings Ltd

Canadian Shield Resources Ltd. (TSX VENTURE: EXP) ("Canadian Shield" or the "Company") is pleased to announce it has completed the previously announced non-brokered exempt private placement offering of 1,250,000 Units at $0.80 per Unit plus an over allotment of 250,000 Units for gross proceeds of $1,200,000. Two executive officers and a director participated in the private placement financing.

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 until September 24, 2011. The Warrant is callable, at the option of Canadian Shield, after January 26, 2010, if the closing price of the common shares is at least $1.60 for 10 consecutive trading days. If Canadian Shield elects to call the Warrants, it has 5 trading days to give notice of acceleration of the expiry date to the holders of the Warrants and the holders of the unexercised Warrants have 20 trading days to exercise their Warrants, failing which the unexercised Warrants shall expire.

In connection with the financing, the Company agreed to pay a finder's fee of 125,000 Units (comprising 125,000 common shares and 125,000 Warrants), representing 10% of the Units sold to the purchasers introduced by a finder and a finder's fee of $12,000, representing 10% of the gross proceeds of the Units sold to a purchaser introduced by another finder.

The 1,500,000 common shares issued under the private placement, the 125,000 common shares issued to the finder, and any common shares issuable upon the exercise of the 1,625,000 Warrants are subject to a 4 month regulatory hold period. Immediately following the closing of this financing, Canadian Shield will have 9,318,045 common shares issued and outstanding. The closing of the private placement is subject to final acceptance of the TSX Venture Exchange.

The net proceeds of the offering will be used for: an expanded drill program at the Colpayoc Property; additional drilling at La Estrella property; a geochemical survey of the Pampa Poroma property; a geophysical survey of the Ccello Ccello property; and 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 MSc President (720) 272-6224 (416) 927-1222 (FAX) klaskowski@canadianshieldresources.com www.canadianshieldresources.com