Canadian Shield Resources Ltd. (TSX VENTURE: EXP) ("Canadian Shield" or the "Company") has contracted SRK Consulting (U.S.) to prepare NI 43-101 Technical Reports on the Company's Colpayoc property located in the Yanacocha gold district of Peru. The property contains 4,200 hectares and is located 15 km west of the city of Cajamarca and 15 km south of the Yanacocha mine complex. The Company has an option to acquire a 100% interest, subject to a 2% NSR royalty in the property.

The property contains three types of mineralization, which occur in six separate target areas. The main area of known mineralization is the Daylight Zone/porphyry gold-copper mineralization. The Daylight Zone contains oxidized, outcropping gold and copper mineralization hosted within a felsic intrusive, typical of a porphyry gold-copper system. The intrusion is nested within two similar intrusions, all of which have intruded and are hosted within Cretaceous age, massive limestone, calc-arenite, and siltstone. The intrusions are circular and form a 400 meter diameter area of discontinuous outcrop, surrounded by the sedimentary host rocks. The porphyry mineralization has been evaluated with 4 drill holes, totaling 647 meters, and 2500 meters of trench sampling. The outcropping porphyry mineralization contains stockwork-hosted gold mineralization with assays ranging from 10s of meters to greater than 100 meters with 0.3 - 1.6 g/t gold and may be expanded with additional exploration.

The property also contains northwest trending fault zones, and northeast trending fault zones within the sedimentary rocks. In several places, these structures host variably brecciated felsic volcanics (possible vent breccias), with precious metal mineralization, including gold assays up to 10 g/t and silver assays up 912 g/t reported from surface rock samples. These areas have received only preliminary sampling at this time, and more systematic work is required to assess the distribution of this mineralization. Epithermal silver-gold mineralization is present within felsic volcanics and skarn mineralization may be present, associated with a series of magnetic anomalies within the sedimentary rocks, at depth.

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.

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. QP President Direct Tel: (800) 362 2040 or (720) 272-6224 (416) 927-1222 (FAX) klaskowski@canadianshieldresources.com www.canadianshieldresources.com First Canadian Capital Corp Dan Boase Partner Toronto Tel: 416-742-5600 ext 232 Toll Free: 1-866-580-8891 ext 232 dboase@firstcanadiancapital.com

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