EXP Experion Holdings Ltd

Canadian Shield Resources Ltd. (TSX VENTURE: EXP) ("Canadian Shield" or the "Company") has filed a NI 43-101 Technical Report and Resource Estimate for the Colpayoc Gold Project. The report was prepared by SRK Consulting (U.S.) Inc. ("SRK") and concluded:

--  The Colpayoc Gold Project is an early stage gold exploration property,
    located 15 km southwest of the Yanacocha mine complex in northern Peru.
    The project contains a porphyry gold-copper system which has been the
    focus of most historic exploration, and additional mineralized prospects
    in the surrounding areas.

--  The area containing the porphyry gold-copper system (Daylight Zone)
    contains historical surface trench data and four of twelve drill holes
    on the property. All four drill holes contain stockwork quartz-veining
    and alteration, typical of a porphyry system, and contains gold
    mineralization hosted in altered intrusive rocks that are approximately
    300m by 300m in plan on surface. Shallow drilling has demonstrated gold
    mineralization extends to at least 170 m depths as mineralization occurs
    from top to bottom of these few drill holes.

--  SRK has completed a preliminary resource estimate using the trench and
    drill hole data, and using standard block modeling techniques to result
    in 7.6 million tonnes at 0.59g/t Au grade for 144,600 contained ounces
    gold. This Inferred resource should be considered a preliminary estimate
    of the mineralized potential, for which verification work is required.
    The current classified Mineral Resource estimate for Colpayoc, at a cut-
    off grade of 0.3 grams per tonne is a follows:

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Au Cut-off (g/t)      Material    Mass (Tonnes)   Au (g/t)  Au Contained(oz)
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0.3                      Oxide       4,663,275       0.59            88,800
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0.3                  Non Oxide       2,913,019       0.61            57,800
----------------------------------------------------------------------------

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0.3               All Inferred       7,576,293       0.59           144,600
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--  The state of exploration for Colpayoc is too early to justify estimating
    in-pit resources. SRK has estimated and is reporting an in-situ total
    resource rather than an in-pit resource, primarily because the resource
    is all classified as Inferred. In reporting the resource at a 0.3 g/t Au
    cut off, SRK has examined potential mineability and can state the
    mineralization has the potential for economic extraction at current gold
    prices. This resource establishes a base level from which additional
    resources may be expanded. Areas of mineralization defined in trenching
    are only partially drill tested by four drill holes and the mineralized
    zones remain open for possible expansion. Additional drilling is
    recommended to define the extent of gold mineralization beneath gold-
    bearing trenches.

--  Exploration potential exists to increase the confidence of the
    classification by targeted drilling; and there is potential to expand
    the resources by drilling additional holes beneath some of the
    mineralized trenches, and as offsets to existing drill holes. The
    mineralized areas remain open at depth in all directions.

--  At the Colpayoc porphyry zone, the mineralization is predominantly gold
    and copper and occurs with stockwork zones within alteration phases of
    the Miocene-age diorite.

--  Low grade gold, with variable and sometimes significant copper, silver,
    and molybdenum is present with the skarn alteration zone located up to
    1,400 meters west of the Daylight porphyry zone, hosted in altered
    Cretaceous-age limestone. Gold and silver mineralization is also present
    in a northwest trending structural zone, starting 4,400 meters northwest
    of the Daylight porphyry zone. Initial samples from historic prospect
    pits identify gold values up to 30 g/t and silver values up to 900 g/t.

--  The deposit type that best fits the Colpayoc Property geology is a Gold-
    Copper Porphyry Deposit with associated skarn and distal epithermal
    mineralization. There are other known Au-Copper porphyry deposits in the
    region, including the Cerro Corona deposit, owned by Goldfields Mining
    Corporation (SA) and the Minas Congas deposits, owned by Minera
    Yanacocha. The Colpayoc porphyry is most similar in size and composition
    to Cerro Corona.

--  Several exploration targets are proposed by Canadian Shield which
    include the following:
    --  The Porphyry Gold-Copper target (Daylight Zone) that centers on the
        outcropping and shallow drilled elliptical shaped porphyry that
        exhibits good quartz stockwork and pervasive oxidation at surface.
        This target type remains the primary target on this property.
    --  The second target consists of magnetic highs surrounding the
        porphyry which may indicate the presence of higher percentage of
        magnetite within the altered limestone wallrocks (skarn). Historic
        drilling by Newcrest, intersected wide intervals of skarn
        alteration, ranging from 54-236 meters which included up to 72
        meters of variable skarn alteration with an average gold value of
        0.23 g/t gold (Drill hole CPD 02). Drill hole CPD 04 also contained
        significant silver mineralization in skarn, with a continuous
        interval of 64 meters averaging 44.8 g/t silver.
    --  The third target type includes structurally controlled epithermal
        mineralization that occurs along the contact between volcaniclastic
        rocks and limestone, approximately 4,400 meters northwest of the
        porphyry system at the Daylight zone. Historic prospecting by
        Canadian Shield and other companies has identified high-grade gold
        and silver mineralization associated with manganese oxide-rich
        breccias and mantos, along a northwest trending fault zone.

--  Canadian Shield has secured surface access Agreements with all surface
    land owners. A disagreement with the village of Chetilla concerning
    ingress and egress adjacent to village lands is currently being worked
    out with Canadian Shield, but had not been solved at the time of my site
    visit.

--  SRK recommends an exploration program to include:
    --  Structural mapping, sampling and multi-element analysis
    --  RC drilling (minimum of 10 holes) to define other targets on the
        property
    --  Core drilling (minimum of 10 holes) in the Daylight Zone area of
        mineralized trenches
    --  A testing program of density measurements and preliminary
        metallurgical studies
    --  A re-modeling of the deposit to incorporate structure, variography,
        new drill hole data, an a re-defined oxide boundary.
    --  A recommended Phase I budget is presented for the above-recommended
        program (Section 18). The total budget is estimated to be $1,055,000
        million for Phase I.
    --  Continued successful drilling from the recommended Phase I program
        would justify and additional Phase II program of perhaps $2.0
        million in the following year, as a 12 month program, to include
        further definition drilling, geotechnical drilling for potential
        open pit slope determinations, a definitive metallurgical program
        and a Scoping Study to determine the project potential for economic
        development.

About SRK Consulting (U.S.) Inc. Allan V. Moran, Principal Geologist, and Jay Pennington, Principal Mining Geologist, both with SRK Consulting (U.S.) Inc., are the independent Qualified Persons as defined by NI 43-101 responsible for preparing the current resource estimate.

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. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release 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., President Direct Tel: (800) 362 2040 or (720) 272-6224 (416) 927-1222 (FAX) klaskowski@canadianshieldresources.com www.canadianshieldresources.com Investor Contact: First Canadian Capital Dan Boase Partner (416) 742-5600 x 232 (416) 742-6410 (FAX) dboase@firstcanadiancapital.com