EXP Experion Holdings Ltd

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR
DISSEMINATION IN THE UNITED STATES.


Canadian Shield Resources Ltd. (TSX VENTURE:EXP) ("Canadian Shield" or the
"Company") is pleased to announce it has completed the previously announced
non-brokered private placement offering of 2,250,000 Units at $0.80 per Unit and
an over allotment of 250,000 Units for gross proceeds of $2,000,000. The private
placement was substantially oversubscribed and the Company was forced to decline
more than $3,000,000 subscribed for under the private placement after accepting
subscriptions for 2,500,000 Units, the maximum number of Units that were price
protected. The strike price was reserved with the TSX Venture Exchange on
November 17, 2009.


Each Unit is comprised of one common share and one-half of a non-transferable
Warrant. Each whole Warrant entitles the holder to purchase one common share at
an exercise price of $1.20 per share until June 28, 2011. The Warrant is
callable, at the option of Canadian Shield, after April 30, 2010, in the event
its common shares trade at or over $1.60 per share 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 5% cash finders'
fees in the aggregate of $83,250 in respect of the gross proceeds from the sale
of 2,081,250 Units and to issue an aggregate of 104,063 non-transferable
Compensation Warrants representing 5% of the 2,081,250 Units sold to the
purchasers introduced by qualified finders. Each Compensation Warrant entitles
the holder to purchase one common share at an exercise price of $1.20 per share
until June 28, 2011. The Compensation Warrants are callable, at the option of
Canadian Shield, after April 30, 2010 on the same terms as the Warrants.


The 2,500,000 common shares issued under the private placement and any common
shares issuable upon the exercise of the 1,250,000 Warrants and the 104,063
Compensation Warrants are subject to a 4 month regulatory hold period.
Immediately following the closing of this financing, Canadian Shield will have
11,848,045 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 as follows: for the exploration
program respecting Regional Andean Gold Exploration Program (announced in the
Company's press release issued December 15, 2009); for property acquisitions;
and for working capital and general corporate purposes.


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

Canadian Shield is a precious metals exploration and development company focused
on strategically-located properties in Peru and Chile. Canadian Shield has seven
precious metal exploration projects in Peru and one in Chile. 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.


STATEMENTS IN THIS NEWS 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.

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