Canadian Shield Exploration & Corporate Update

Canadian Shield Resources Ltd. (TSX VENTURE:EXP) ("Canadian Shield" or the
"Company") is pleased to provide an update on the exploration programs and
corporate structure of the Company. Since January, Canadian Shield has added
three consulting geologists to the Lima staff to work on the Regional Andean
Gold Exploration program (RAGE) and on the Company's seven other gold projects.
The RAGE field team is actively evaluating new property opportunities in Peru.
At Canadian Shield's most advanced projects, Colpayoc and Estrella, the staff is
improving the geological and drilling database in preparation for potential
resource estimation and further exploration. SRK Consultants (US) Inc. has been
retained to prepare NI 43-101 Technical Reports and field reviews are now in
progress. Additional drilling permits are being acquired at the Estrella project
and the Company continues to review property submittals from outside parties in
Peru. Canadian Shield is in early stage discussions with other mid-sized
companies for possible ventures on some projects. The management is also
investigating opportunities to expand the program into other prospective gold
regions of Latin America. 


On the corporate side, Canadian Shield's Board of Directors has been
strengthened with the addition of Mr. Fernando Pickmann, a Lima attorney
specialized in corporate and mining law, with extensive experience in the junior
mining sector of Peru. A full time manager of Community Relations has been hired
to expand the Company's programs in all projects. Canadian Shield has sufficient
working capital in place to fund its exploration programs and operating costs
for the next 12-months and beyond. Canadian Shield reconfirms that there are no
recent material changes in the Company or in its programs and that there is no
material information pending that would account for the recent increase in
market activity and decline in its share price.


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


Forward-Looking Statements This news release includes certain "forward-looking
statements". All statements other than statements of historical fact, included
in this release, including, without limitation, statements regarding potential
mineralization and reserves, exploration results, and future plans and
objectives or expected results of Company, are forward-looking statements that
involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Future drilling may
fail to confirm economic mineral accumulations on current targets or
discoveries. Important factors that could cause actual results to differ
materially from the Company's expectations are the risks and uncertainties
inherent in resource exploration and development detailed from time to time in
the filings made by Company with securities regulators. 


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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