Mulgravian must exercise the warrants issued as part of the private placement and invest a further CDN $210,000 in Shoreham prior to each of the first and second anniversaries of Exchange approval of the LOI. The completion of this private placement shall be governed by a Private Placement Agreement, which will be subject to TSX Venture Exchange approval. Mulgravian must exercise all of their warrants as a condition precedent to maintain their rights under the terms of the LOI. It is intended that the $420,000 proceeds from the exercise of the warrants will be utilized for expenditures directly related to Guyana business. The initial placement of $210,000 may be used without specification by Shoreham management for general and administrative costs and exploration. The LOI will be replaced by a formal Definitive Option Agreement in the near future.

Mulgravian will be required to invest US $500,000 in qualified exploration expenditures within one year of Exchange approval of the LOI and an additional US $500,000 per year in qualified exploration expenditures prior to the second, third and fourth anniversaries of Exchange approval for a cumulative total of US $2,000,000 in qualified exploration expenditures. Upon completion of this program, Mulgravian will become the beneficial owner of 51% of the capitalized shares of the specific Guyanese holding company with Shoreham holding the remaining 49% of the shares. Upon exercise of the option, Mulgravian and Shoreham, as shareholders of the Guyanese holding company, shall form a management group and appoint a board of directors to operate and supervise the ongoing management of the Guyanese holding company.

During Mulgravian’s vesting period, Shoreham shall be the operator of the program on behalf of Mulgravian and the Guyanese holding company. In consideration for this service, Shoreham shall be entitled to charge a management fee equal to 10% of the qualified expenditures in the program.

As reported in the news release dated August 18, 2009, the Five Star Property lies to the north of Mulgravian and Shoreham’s Guiana Shield Option properties and the Black Banana property. As part of the Joint Venture’s integrated programs in the region, the team plans road rehabilitation, TRADO profiles and trenching to refine target development in preparation for systematic drilling. The work is planned with emphasis on development of large tonnage low grade gold targets.

The Property has been held and evaluated by Golden Star Resources Ltd. and HGB Ventures Ltd. The Property was recently held for three years by Gold Port Resources Ltd. without documented sampling or other work. Three phases of soil and Mobile Metal Ions (MMI) geochemistry previously conducted by HGB Ventures show gold bearing zones with similar stratigraphic and structural controls as the adjoining targets on Shoreham’s Whana Packages. Combined with the Whana Licenses, this package represents a strong assemblage of drill targets (to be refined with deep auger profiles and mapping) with a reasonable expectation of discovering one or more gold deposits. A total of 1,114 soil samples were taken by HGB. Reported grades ranged from trace to a high of 80.2 g/t Au. Seven more samples were above 1 g/t Au and 40% of the samples returned values greater than 20 ppb Au. MMI Samples (463) ranged between <0.25 ppb Au to 19.2 ppb Au. Rock samples (50 in total) 26 grab and 24 channels ranged from trace to 19.8 g/t Au. Readers are cautioned that this data is from historical sources and does not conform to NI 43-101 standards. While the historical work was undertaken by competent professionals and comes from reliable sources, it has not been verified by a qualified person. Analytical results were obtained from recognized laboratories using standard procedures.

David Bending, M.Sc., P. Geo., President and CEO of Shoreham Resources Ltd., a Qualified Person as defined in National Policy 43-101 (“NI 43-101”), is responsible for all technical information contained in this news release. He reports that: “On behalf of the shareholders, I am very pleased to announce the details of this farm-out transaction and the progressive execution of our generative strategies in Guyana. Mulgravian has proven to be a solid partner and we are optimistic as we prepare for the orderly evaluation and development of the gold targets on the Five Star Property.”

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. Additional details concerning the company’s projects and plans are accessible at www.agoracom.com

Neither the 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.

The transaction has been approved by Shoreham's Board of Directors and is subject to Exchange approval. Proceeds from this private placement will be used for continued exploration and development of the Company's mineral properties and for general working capital purposes.

Mr. David Bending, M.Sc., P. Geo., President and CEO of Shoreham Resources Ltd. reports that: "The Five Star Transaction and this placement represent another important milestone in growing Shoreham Resources and developing the outstanding targets we have indentified in Guyana. These funds will be utilized for generative programs, advancing the Marudi Mountain Project, and general and administrative needs."

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. Additional details concerning the company's projects and plans are accessible at www.agoracom.com

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.

SHOREHAM GRANTS OPTION OF REMAINING INTEREST IN SACHIGO LAKE PROPERTY TO ESCAPE GOLD INC.

LANGLEY, CANADA, November 3, 2009 – Shoreham Resources Ltd. (the “Company” or “Shoreham”) (TSX-V: “SMH”), a Canadian exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in Guyana and Canada, is pleased to announce that the Company has signed a Letter Agreement with Escape Gold Inc. (TSXV: EGT) (“Escape”) and MacDonald Mines Exploration Ltd. (TSXV:BMK) (“MacDonald”) dated October 15, 2009, pursuant to which the Company granted to Escape an option to acquire Shoreham’s remaining 40% in the Sachigo property (the “Property”), located in the Setting Net Lake Area of Ontario. Upon exercise of the option, Escape will acquire from the Company its remaining 40% interest (the “40% Shoreham Interest”) in the Property with the result that Escape shall have a 100% interest in the Property. Shoreham retains an Area of Influence of approximately 45,000 hectares surrounding the property and a 2 ½% Net Smelter Returns (“NSR”) Royalty Interest in the property. Escape retains a right to buy-back 1% of this royalty for $1,000,000. Subject to the acceptance of the TSX Venture Exchange and in order for Escape to exercise the 40% Shoreham Interest and acquire a 100% interest in the Property, Escape is required pay to the Company $50,000 in cash, issue to the Company 400,000 shares of Escape and issue to the Company 400,000 common share purchase warrants of Escape which entitle the Company to purchase an aggregate of 400,000 Escape common shares exercisable at a purchase price of $0.40 per share for a period of two years from the date of issue.

The Company originally entered into an Agreement (the “Escape Option Agreement”) dated January 8, 2007 with Escape, pursuant to which the Company granted to Escape the option to acquire a 60% interest in the Sachigo Lake property in consideration for certain cash payments, share issuances and exploration expenditures. As part of this Agreement, the Company granted Escape the right of first refusal (“RFR”) to match any offer made in relation to acquiring the remaining 40% Shoreham Interest. Upon Escape’s waiver of its RFR to acquire Shoreham’s 40% Interest pursuant to a letter dated October 6, 2008, MacDonald entered into an Agreement with Shoreham (the “MacDonald/Shoreham Option Agreement”) dated November 28, 2008 with the Company which granted MacDonald the option to earn up to an undivided 100% interest in the 40% Shoreham Interest by making certain payments. Subsequently, MacDonald and Shoreham amended the MacDonald/Shoreham Option on January 28, 2008 to reduce the cash payment from $150,000 to $100,000.

Pursuant to the Escape/Shoreham/MacDonald Letter Agreement dated October 15, 2009; MacDonald has no further rights or obligations in respect to the Property. Within 30 days from the later of the date of the Letter Agreement or the date on which regulatory approval is obtained, the Company has agreed to issue 250,000 shares of Shoreham to MacDonald in reimbursement for MacDonald’s payment to the Company of $50,000 on December 5, 2008, pursuant to the terms of the MacDonald/Shoreham Option Agreement.

David Bending, M.Sc., P.Geo., President and CEO of Shoreham Resources Ltd. reports that: "The Company is pleased that Escape Gold has proceeded to consolidate its interests in the Sachigo Lake Property. It is our sincere hope that Escape can proceed with evaluation and development of the targets there and that our long term investment in Escape Shares will be rewarding for Shoreham Shareholders.”

Effective October 1, 2009, the Agreement between Shoreham Resources and Pro-Edge Consultants Inc. was terminated. Pro-Edge was engaged in May, 2007 under an Investor Relations Service Agreement to assist Shoreham with investor relations activities.

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. Additional details concerning the company’s projects and plans are accessible at www.agoracom.com.

Neither the 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.

Marudi Mountain (Gold)

The Company has, in the past, disclosed historic mineral resource estimates with respect to the Mazoa Hill deposit on the Marudi Mountain Project and its intention to prepare a technical report and resource estimate compliant with the standards of NI 43-101. Sutton Resources Ltd. and Vannessa Ventures Ltd. both issued News Releases regarding resources at Marudi and Mazoa.

On May 23, 1995, Sutton Resources Ltd. disclosed geological resources of 430,000 ounces for Mazoa and 82,000 ounces for Marudi. Sutton's June 28, 1995 news release disclosed a "total resource base" of 8,151,582 million tons grading 0.053 oz/ton (1.82 g/t) gold for 435,102 ounces of gold.

During 2002, 2003, 2004, and on April 25, 2005, Vannessa Ventures Ltd. disclosed a 1995 Sutton historical resource estimate including Mazoa Hill and Marudi, with a base-case 1 g/t gold cut-off. The measured and indicated class was 3,381,100 tonnes at a grade of 2.94 grams gold per tonne (g/t) for 319,595 ounces, and the inferred class is 860,900 tonnes at 2.45 g/t for 67,815 ounces. Vannessa's news releases indicate Kilborn did the estimate in 1995 as part of a negative "feasibility study".

Subsequently, on October 8, 2008, Shoreham disclosed a new inferred resource estimate citing "a non-complaint NI 43-101 pre-feasibility study of December 2004". The 1995 Kilborn resource estimate was updated in December 2004 and submitted to the Guyana Geology and Mines Commission (GGMC) in a "Feasibility Study" (as accepted by the GGMC) as part of the supporting documentation required for the application of a Mining License. The report submitted to the GGMC does NOT meet the definition in NI 43-101 of a feasibility or prefeasibility study. The Company therefore retracts references in its October 8, 2008 press release to a non-compliant NI 43-101 pre-feasibility study in December 2004, and on its prior website that Kilborn produced a pre-feasibility report in 2002.

The Company is not treating the results of the economic analysis in the GGMC report as material or as a preliminary economic assessment, and the resource base used is too speculative to have economic considerations applied.

The December 2004 study submitted to the GGMC contained a new inferred resource estimate of 11,500,000 tonnes grading 2.28 g/t (850,000 ounces of gold) based on a 0.50 g/t gold cut-off which was disclosed by the company in its October 8, 2008 news release. The Company retracts this statement from its October 8, 2008 news release.

Shoreham has undertaken a review of the literature available which reveals that in 1995 Kilborn Engineering Pacific Ltd. prepared the "Feasibility Study" and Sutton supplied the geology and resource estimate section of the study. The resources provided in the Sutton and Vannessa news releases refer to "In-Pit" material defined by

Whittle 4D treatment of Kilborn's Datamine resource model and do not differ materially from data presented in Vannessa's December 10, 2004 GGMC Report". This quotes an "In-Pit" Geological Inventory at 1.0 g/t cut-off in the measured and indicated classes as 3,381,081 tonnes grading 2.94 g/t Au for a total of 319,590 ounces and an inferred class with 860,293 tonnes grading 2.45 g/t Au for 67,814 ounces using on the original 1995 Kilborn Resource model. This resource is based on mining the near surface portion of the Mazoa Hill deposit only and does not include mineralization identified in drill holes BELOW the pit, to the southeast of the pit and elsewhere on the property at Peace Creek and Marudi Mountain itself. No resources have been estimated for these targets.

Readers are cautioned that the references to resource estimates above are historical resource estimates. While the resource estimates and analysis were undertaken by competent professionals, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources, Shoreham is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.

Subsequent comments in the Company's website cite economic parameters in support of proposed further exploration and evaluation for the Marudi Project, which should not be relied upon and have been removed from the Company's website. The Company specifically retracts comments on the website about operating cost estimates, recoverable value per tonne, and suggestions of positive economics. The economic projections cited are not supported by a current material economic analysis and should not be relied upon.

Upon review of the Company's technical disclosures and the comments of the BCSC, the Company has triggered the requirements to file a technical report under Section 4.2 of NI 43-101 to support the resource disclosure and economic analysis of the Marudi Mountain Project. In recognition of the need for timely and current disclosure, the Company has commenced preparation of an Independent NI 43-101 Report documenting the Marudi Mountain Project and all of its mineralized zones which we anticipate will be filed by November 15, 2009. An independent Qualified Person performed a site visit to the property on September 28 and 29, 2009. The updated report will include all historic data and also the results of Shoreham's work since 2007. Pending completion and publication of that report, it is important to advise the investing public that the historic estimates and projections cited in these previous disclosures should not be relied upon.

Canadian Prospects

The Company has included it its previous public statements references to historic resources concerning the Bearhead Lake, Setting Net Lake, Borland Lake and Berens River prospects located in the Province of Ontario, based on published sources including reports from the Ontario Geological Survey and geological technical Journals such as Economic Geology. The BCSC has indicated that more specific disclosure of the nature and uncertainty of these historic resources are necessary. In every case, investors are reminded that these are estimates of an historic nature for reference only and individual prospect descriptions vary among different publications and deposit/prospect descriptions vary significantly between sources. Shoreham has not completed sufficient drilling to confirm or modify these estimates but our field team considers the targets to be of sufficient interest to warrant the recommended work programs for their evaluation. The properties have been examined in the field by Qualified Persons and the Company's quoted historic reserves and resources gleaned from the published and reports vary significantly between sources over time, metal prices and the amount of drilling undertaken. The historical resource estimates have not been validated and must be regarded with caution. In the interest of proper disclosure compliance, references to these historic resources have been removed from the Company's website and corporate materials, while consideration will be given to re-insertion with appropriate cautionary language and supporting documentation in the near future.

Bear Head Lake (Uranium)

The Company's September 28, 2009 website discloses a "reported (but not NI 43-101 complaint) resource of 950,000 tonnes grading 0.08% U308." The Company retracts this estimate.

In our June 19, 2007 news release we provided details about a "historic indicated reserve estimate" of 889,829 tonnes at 0.06% U3O8 estimate by Kerr Addison Mines Ltd. and Delores Branch Resources Ltd in 1977. At that time we cautioned that the Company did not do sufficient work to classify the estimate as a current mineral resource, is not treating it as a current resource, and that it should not be relied upon. As described below, there is no reliable resource estimate for this property.

Shoreham notes that several Ontario Government publications reference Kerr Addison Mines Limited and Dolores Branch Resources as having drilled 29,871 feet in 66 holes during 1977 on the Bear Head Lake and adjoining properties. These publications are the basis for the Company's disclosure of a historic resource estimate of 978,810 tons (887,971 tonnes) averaging 0.06% U308 to a depth of approximately 500 feet at the Bearhead Lake Deposit. No public assessment files or private files have been located to support this estimate. Due to the lack of available corroborating information, the historical resources are at best comparable to a CIM inferred resource and are relevant as a target for further exploration. The few drill intersections available from 4 Holes drilled by Sigcasco in 1956 reported grades of (0.05% to 0.07% U308) over 20 to 38 feet. Some of the available drill logs report MoS2 assays as well which range from 0.06% MoS2 to 0.93% MoS2. There are at least 10 zones of mineralization extending over a strike length of about 8.4 km. that have historically been trench and subjected to varying degrees of diamond drilling.

Setting Net Lake (Molybdenum)

The website discloses a "reported (but not NI 43-101 compliant) resource of 100 million tonnes grading 0.09% MoS2 that we think will grade around 0.06% Mo metal". It also reports a "pre - NI 43-101 resources - the 100+million tonne Setting Net Lake Porphyry Molybdenum prospect". This non-compliant disclosure has been removed from the website.

Shoreham notes that various unclassified historic resources have been quoted for this project. The Ontario Mineral Deposits Inventory quotes 100 million tons of 0.09% Mo to a depth of 180 m (non-43-101 compliant - Minorex). However in the OGS 1990 Report of Activities for the area, a figure of 100,000,000 tons at 0.09% MoS2 is quoted which is 0.054 wt% Mo. According to Ayres et al. (1989) the grade of the eastern mineralized zone is 0.06% MoS2 which is 0.036 wt% Mo. The resources are not classified and there is significant discrepancy between the various reported grades. These variances appear to be the result of not clearly identifying whether the grades as reported (or compiled) were as %Mo or %MoS2 which were subsequently misconstrued or inappropriately converted or labeled. This resource is at best classified as a CIM inferred resource. It is relevant to justify further drill testing and exploration expenditures.

While the quoted resources are from within a zone of about 450 by 500 meters, the mapped outline of the veinlet hosted mineralized quartz monzonite extends for over 2,000 metres in a roughly east-west direction and about 400 meters in the north-south direction and is open to depth which strongly argues that the deposit is much larger than presently defined.

Borland Lake (Silver)

The Power Point presentation on the Company's website discloses a "historic probable reserve" but omits the quantity and grade required by NI 43-101. The historical "reserve" class is contrary to the website and technical report, which cite a "resource". This non-compliant disclosure has been removed from the website.

The September 28, 2009 website disclosed "about 500,000 tonnes of reported (but not NI 43-101 compliant) resources grading 277 g/t Ag (8.1 oz Ag/ton) and 1-2% Pb-Zn". It did not indicate its historical nature, and omitted information required by NI 43-101. The metals, quantities and grades are contrary to the technical report dated February 27, 2007 which gives a historical resource of 431,967 tons (391,880 tonnes) at 8.43 opt Ag and 0.02 opt gold. This non-compliant disclosure has been removed from the website.

Shoreham notes that the Favourable Lake (Borland Lake Deposit) was subjected to systematic programs of airborne and ground geophysics and drilling by Noranda, Massive Energy, and Astrabrun Mines during the period 1965 and 1986. The technical report dated February 27, 2007 gives historical resources of 431,967 tons (391,880 tonnes) at 8.43 opt Ag and 0.02 opt gold are based on Johnson (1986). A measured and indicated resource estimate of 502,412 tons (455,809 tonnes) with average grades of 8.09 opt Ag and 0.02 opt Au appeared in the Massive Resources Ltd. Preliminary Prospectus of August 6, 1987.

Readers are cautioned that the references to resource estimates above are historical resource estimates. While the resource estimates and analysis were undertaken by competent professionals, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources, Shoreham is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. This resource is at best classified as a CIM inferred resource. It is relevant to justify further drill testing and exploration expenditures.

Berens River (Gold)

The Sept 14, 2009 Agoracom Interview with Mr. Bending discloses that the Berens River Mine has "another ½ million ounce resource". This statement supersedes the Company's news release of June 23, 2009, which confirms "several historical resource/reserve estimates" exist without disclosing any quantity or grade.

The Company wishes to clarify this previous disclosure regarding the quantity of gold in the historical mineral resource estimate as follows. The Berens River Mine property was recently acquired and historic data is available. Whether there is enough to be able to estimate resources remains to be seen. It should be noted that the historic resources and reserves quoted below were estimated on the basis of about $400 oz/Au and $5.50 /oz. Ag. Historical resources prepared by well known and competent consultants are available as follows:

No. 1 Shaft (No.1 Vein): Newmont Mining Corporation acquired Favourable Lake Mining and Exploration in 1926 and established a subsidiary, Berens River Mines. The mine was in production from 1939 to 1948 at a rate of 250 tons per day. A total of 560,607 tons of ore was processed with an average mill grade of 0.28 ounces per ton gold, 10.34 ounces per ton silver, 0.54% lead and 0.16% zinc (508,574 tonnes grading 9.59 g/t Au, 353.1 g/t Ag, 0.54% Pb and 0.16% Zn). Recorded recoveries of gold were 96.4% and silver 80%. During this period, the No.1 shaft reached a depth of 518 metres (1,700 ft) and a winze was installed at that level. A final depth of 990 metres (3,250 ft) was reached. However, no production has been recorded below the 518 metre level. The mine ceased operation in 1948 due to lower grade and metal prices and higher operating costs. A total of 75,000 tons of "drill indicated reserves" with an average grade of 0.21 ounces per ton gold and 10.20 ounces per ton silver was calculated by MPH Consulting for Getty Metals Limited in 1981. These "reserves" reportedly lie between the 762 metre (2,500') level and the 990 metre (3,250') level. The Company considers the No. 1 Vein "historic reserves" to be at best comparable to a CIM inferred resource and are not to be relied upon. The Company believes that these resources were based on limited widely spaced drill holes and a broad brushed approach with the aim of attempting to show that the No. 1 Vein continues to depth at grades similar to historical production.

No. 2 Shaft (No. 3 Vein): The primary exploration target is believed by previous workers to be the No. 3 Vein which lies 600 metres north of the Berens River mine and has been subjected to several historic mineral resource/reserve estimates in the 1980's. P.A. Bevan (1983) prepared a resource estimate of the No. 3 Vein as part of a feasibility study being conducted by Wright Engineering. His estimate can be found in the Ontario Assessment files. It is not known if the Feasibility Study was ever completed. Bevan's resource estimate was undertaken using Plans, Cross-Sections and Vertical Longitudinal Projections. Bevan estimated the following resources down to the 750 metre elevation based on a cut-off grade of 0.12 oz.Au/ton equivalent.

Class Tons oz. Au oz. Ag Au Equiv % Pb % Zn

Indicated 861,312 0.218 4.43 0.316 0.67 1.02

Inferred 296,349 0.267 4.51 0.407 1.02 1.33

Bevan remarks that there is potential to increase resources as in-fill drilling adds tonnage to untested portions of the resource model and that these resources only extend to the 750 metre level.

In our September 14, 2009 Agoracom Interview Mr. Bending stated that the Berens River mine has "another ½ million ounce resource". The Company hereby retracts this statement and has removed the interview from our website.

The Company will be preparing NI 4-101 compliant Technical Reports on all of the above properties as soon as is practical and consequently will be issuing more specific News Releases clarifying the resource status on all of our properties citing the source documentation and providing complete disclosure and the appropriate cautionary language regarding the reliability of the source data.

The result of these changes will be a more conservative approach that follows correct reporting and disclosure policy which is in the best interests of all parties, particularly the shareholders and investing public. David Bending, President and CEO of Shoreham Resources Ltd. is a Qualified Person as defined in National Policy 43-101 ("NI 43-101"), and is responsible for all technical information cited in this news release. Mr. Bending states that: "We thank the BCSC for its guidance and input as we continue our work toward demonstrating the full value of our exploration projects in Canada and Guyana. We are pleased to make the required changes to our disclosures and will apply them carefully as the projects evolve."

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. Additional details concerning the company's projects and plans are accessible at www.agoracom.com

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.

The Board has created a special committee to determine the details of the reorganization, subject to full Board approval. The contemplated transaction will also be subject to the negotiation of a definitive agreement, acceptance of the TSX Venture Exchange, court approval and shareholder approval. Further details of the reorganization and related transactions will be announced as plans are finalized.

Mr. David Bending, M.Sc., P. Geo., President CEO and Chairman of the Board of Shoreham Resources Ltd. reports that, "Separating our Ontario Properties from our Guyana holdings is a logical step in building value for Shoreham’s shareholders and allowing for the orderly development of the Company’s assets.”

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. Additional details concerning the company’s projects and plans are accessible at www.agoracom.com

Neither the 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.

On August 12, 2009, Shoreham Resources and Frederick Obermuller executed a Definitive Property Option Agreement, whereby Shoreham Resources will acquire 100% of the Black Banana Property superseding and replacing the original Letter Agreement dated September 6, 2008. Exploration commitments remained unchanged, and security considerations are still not applicable. However, the cash consideration has increased from US $150,000 to $157,500 payable over 4 years, with this increase of US $7,500 coming in the first year. The additional cash consideration was paid to the Vendor as compensation for removing the perimeter provisions which existed in the Letter Agreement and defining the anniversary date of the Agreement as December 6th to coincide with the date of the termination of Shoreham's due diligence process contained in the Letter Agreement.

The removal of the perimeter provisions clause is of substantial importance to Shoreham as it overlapped part of our Guiana Shield, Reis & Yearwood and Five Star property acquisitions.

Mr. David Bending, M.Sc., P. Geo., President CEO and Chairman of the Board of Shoreham Resources Ltd. reports that, "To date, Shoreham has spent over US $220,000 exploring the Black Banana Property and is in the process of mobilizing field crews and equipment to undertake access and camp construction, further line cutting and systematic geochemical sampling and close spaced TRADO drilling of anomalies already identified on the contiguous Black Banana, Whana, Reis & Yearwood and Five Star properties."

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. Additional details concerning the company's projects and plans are accessible at www.agoracom.com

Neither the 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.

Valgold had 1140 soil samples and 29 rock samples taken from the Masawaki property in 2007 analyzed at Acme Analytical Laboratories Ltd. using Aqua Regia digestion and ICP-MS techniques.

Gold values in soils ranged from lower detection limits to a high of 952.6 parts per billion.

Platinum values in soils ranged from lower detection limits to a high of 51 parts per billion.

Palladium values in soils ranged from lower detection limits to a high of 521 parts per billion.

Chromium values in soils ranged from 3.1 to a high of 2,063 parts per million.

Mr. Hilbert Shields, President of Guiana Shield Resources Inc., a Guyana company and the vendor of the properties, successfully negotiated the expansion of the Masawaki PL areas from an originally approved area of 4,509 acres covering about 50% of the defined PGM Gold target to the currently approved area of about 35,000 acres covering the interpreted extent of the prospective layered intrusive complex.

Mr. David Bending, M.Sc., P. Geo., President and CEO of Shoreham Resources Ltd. is a Qualified Person as defined in National Policy 43-101 ("NI 43-101"), and is responsible for all technical information contained in this news release. Mr. Bending reports: "We are encouraged by the reported gold, platinum and palladium values in the Masawaki targets and are preparing for a significant sequenced evaluation program. We consider this to be the most significant PGM target in the region, with strongly anomalous values in laterally extensive zones in a deeply weathered soil profile. While our first field program in the Guiana Shield package will be in the Whana Project area, we have strong expectations for the Masawaki Licenses."

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. Additional details concerning the company's projects and plans are accessible at www.agoracom.com.

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.

Shoreham Resources Ltd. holds rights to the Paint Mountain Prospecting License through its option to earn 75% of Romanex Guyana Exploration Inc., the 100% owner of the Marudi Mountain License and now the proprietor of the Paint Mountain License area. The area defined as the Paint Mountain License was held in a prospecting License by Vanessa Guyana Exploration Inc. commencing in 2003. The Property was subject to a program of line cutting funded by Vannessa Ventures Ltd. (now Infinito Gold Corp.) in 2005 followed by systematic soil, rock stream sediment and panned concentrate sampling funded by Shoreham in 2007. The results of this study showed anomalous gold values in four (4) discrete target areas with a geological setting and expression similar to the Mazoa Hill and Marudi mineralized zones which are the historic focus of attention at Marudi Mountain. Of the 1837 soil samples, the values ranged from detection limits to discrete high gold concentrations of 12,091 parts per billion. Of the 196 rock samples collected in the systematic array, two (2) targets are defined by anomalous values ranging from lower detection limits to 3,567 parts per billion.

In response to this encouragement and confirmation of the title, the Company has mobilized systematic soil, rock chip and auger drilling programs in the two largest and most accessible gold zones in the Paint Mountain License area.

David Bending, M.Sc., P. Geo., President and CEO of Shoreham Resources Ltd., is a Qualified Person as defined in National Policy 43-101 (“NI 43-101”), and is responsible for all technical information contained in this news release. Mr. Bending reports: "We were initially cautious about the results from the 2007 sampling program, but as our understanding of the Marudi targets developed, we learned how to evaluate the Paint Mountain data. We recognize a major extension of the Marudi/Mazoa system in the Paint Mountain License and have been eager to mobilize systematic follow up target definition sampling to advance Paint Mountain to the drill stage.”

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. Additional details concerning the company’s projects and plans are accessible at www.agoracom.com

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.

The News Release read: "The Company will have the option, at any time prior to commencement of commercial production on the Property, to reduce the NSR royalty to 1% upon paying to Case Development the aggregate amount of US$ 3,000,000." It should have read: "The Company will have the option, at any time prior to commencement of commercial production on the Property, to reduce the NSR royalty to 0% upon paying to Case Development the aggregate amount of US$ 3,000,000 at which point in time Case Development will no longer have any rights on and to the Property whatsoever."

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. You may also go to www.agoracom.com where you can view comments posted on their site or contact our Investor Relations Representative, Mr. Mike Kachanovsky via email at mkachanovsky@shoreham.ca or Pro-edge Consultants Inc., Tracy Weslosky, at 416-581-1717 or via email at tracy@pro-edge.com

Neither the 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.

LANGLEY, CANADA, August 20, 2009 - Shoreham Resources Ltd. (the "Company" or "Shoreham") (TSX-V: "SMH"), a Canadian exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in Guyana and Canada, is pleased to announce its work plans for Phase I exploration of four target areas in the Whana target area in northwestern Guyana. The land has been consolidated and the work will be funded as part of the Shoreham and Mulgravian Resources' Joint Venture (News Releases December 22, 2008 and April 27, 2009).

The work has been planned based on results from systematic soil and auger geochemical sampling surveys completed by Shoreham's team and previous operators. The Whana soil geochemical surveys were collected in systematic grids with spacing ranging from 1,000 meters to 200 meters. The 1964 soil survey values range from detection limits to peak values of 5,980 parts per billion. The 4,610 one-meter deep auger samples yielded gold concentrations from below detection limits of 5 parts per billion to a maximum of 2,506 parts per billion. The patterns of anomalous values have identified four large targets with a clearly defined strike length in excess of 4 kilometers and numerous smaller but potentially significant zones of gold concentrations. The exploration team and management of Shoreham are very pleased with the size, geological context and potential significance of these targets and are eager to advance the work program. Data regarding the target areas are presented on our website www.shoreham.ca for shareholder and investor inquiries.

The corresponding data for the company's adjoining Black Banana and 5 Stars Property will be documented in other news releases as the final analytical results are organized and considered in the company's work plans. The program is scheduled for commencement in late August. The work schedule is dictated by the local rainy season which normally lasts until early August. The planned exploration program will consist of base camp installations, improvements in roads and trails, examination and sampling of existing workings as exposure permits, systematic deep mechanized auger (TRADO) drilling and mechanical trenching to provide a sound foundation for subsequent diamond drilling programs.

David Bending, M.Sc., P.Geo., President and CEO of Shoreham Resources Ltd. is a Qualified Person as defined in National Policy 43-101 ("NI 43-101"), and is responsible for and has reviewed all technical information contained in this news release. Mr. Bending reports that: "The contiguous Whana/Black Banana/Five Star Properties will be the initial focus of our exploration efforts for the Guiana Shield Resources and Mulgravian Ventures projects. Our goal is to quickly bring these properties to the drill stage and proceed with delineation of resources in these well defined targets."

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. You may also go to www.agoracom.com where you can view comments posted on their site or contact our Investor Relations Representative, Mr. Mike Kachanovsky via email at mkachanovsky@shoreham.ca or Pro-edge Consultants Inc., Tracy Weslosky, at 416-581-1717 or via email at tracy@pro-edge.com

Neither the 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.

The Property has been held and evaluated by Golden Star Resources Ltd. and HGB Ventures Ltd. The Property was recently held for three years by Gold Port Resources Ltd. without documented sampling or other work. Three phases of soil and Mobile Metal Ions (MMI) geochemistry previously conducted by HGB Ventures show gold bearing zones with similar stratigraphic and structural controls as the adjoining targets on Shoreham's Whana Packages. Combined with the Whana Licenses, this package represents a strong assemblage of drill targets (to be refined with deep auger profiles and mapping) with a reasonable expectation of discovering one or more gold deposits. A total of 1,114 soil samples were taken by HGB. Reported grades ranged from trace to a high of 80.2 g/t Au. Seven more samples were above 1 g/t Au and 40% of the samples returned values greater than 20 ppb Au. MMI Samples (463) ranged between <0.25 ppb Au to 19.2 ppb Au. Rock samples (50 in total) 26 grab and 24 channels ranged from trace to 19.8 g/t Au. This data is from historical sources and does not conform to NI 43-101 standards nor has it been verified by a qualified person but comes from reliable sources. Analytical results were obtained from recognized laboratories using standard procedures.

Ten groups of artisanal miners are currently working on the Property with permission from the proprietor with four and six inch monitors and crude gravity systems. Shoreham has no production records but the area has been active for many years. Current activity is stifled by deteriorating access roads which Shoreham will rehabilitate as part of its work program. Examination of the alluvial work areas will be part of Shoreham's initial examinations, since these areas are generally the most accessible mineralized outcrops for sampling.

The Five Star Property lies to the north of and is contiguous with Shoreham's Whana Project and the Company's Reis and Yearwood properties and has been the site of significant soil sampling and exploration activity. The gold anomaly contours are comparable to those on Shoreham's Reis and Yearwood portions of the Whana Project and it is intended that this will be followed up this fall with road rehabilitation and TRADO profiles to refine target development. Shoreham intends to initiate backhoe trenching for structural control as conditions and logistics permit in preparation for systematic diamond drilling with emphasis on development of large tonnage low grade gold targets as logical extensions of the work on the Whana and Black Banana License areas. A budget of US$ 500,000 has been allowed for the first year's work. For a more detailed description of the Five Star Property please click on this link http://shoreham.ca/property_five_star.php or visit our website at www.shoreham.ca.

David Bending, M.Sc., P.Geo., President and CEO of Shoreham Resources Ltd. is a Qualified Person as defined in National Policy 43-101 ("NI 43-101"), and is responsible for and has reviewed all technical information contained in this news release. Mr. Bending reports that: "The Five Star Property will significantly expand our Guiana Shield Whana Project and will add numerous geochemical targets which can be quickly brought to the drill stage and will result in overall cost sharing as part of our overall Black Banana and Whana East Project. Preparations are underway to evaluate seven geochemical targets identified on the three properties. TRADO drilling and trenching will begin this fall in order to define targets for diamond drilling early next year.".

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. You may also go to www.agoracom.com where you can view comments posted on their site or contact our Investor Relations Representative, Mr. Mike Kachanovsky via email at mkachanovsky@shoreham.ca or Pro-edge Consultants Inc., Tracy Weslosky, at 416-581-1717 or via email at tracy@pro-edge.com.

Neither the 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.

European Central Banks Agree to Third Cap on Gold Sales

FRANKFURT, Germany -- European central banks agreed to a third five-year cap on gold sales and said planned disposals by the International Monetary Fund could be done within the accord.

The European Central Bank and 18 other banks agreed to sell no more than a combined 400 metric tons of the metal a year through September 2014. That's less than the annual cap of 500 tons in the current agreement, which expires Sept. 26.

"It's positive for gold," John Reade, an analyst at UBS AG in London, said by e-mail. The agreement "removes the small chance that European central banks would have dumped gold onto the market in an unconstrained manner."

Central banks sold 73 percent less gold in the first half and full-year disposals may drop to the lowest since 1994, according to estimates from London-based researcher GFMS Ltd. The IMF wants to sell 403 tons from its reserves of 3,217 tons, the third-largest holding after the U.S. and Germany.

"The IMF has not signed and this leaves open the possibility that the Chinese, Russians, another central bank could buy the 403 tons of IMF gold in one go," Reade said.

China has the world's sixth-largest holding at 1,054 tons and Russia is ranked 10th with almost 537 tons, World Gold Council data show.

Gold for immediate delivery in London was 0.4 percent lower at $959.30 an ounce by 10:45 a.m. local time today. The metal reached $971.68 an ounce yesterday, the highest since June 5.

Gold sales haven't been approved yet by the IMF's board. The U.S. Congress passed legislation in June that permits the American representatives to the IMF to agree to the planned sale to help finance aid to poor countries.

Four hundred tons, or 12.86 million troy ounces, is equal to about a sixth of annual mine production. At this year's average spot price of $920 an ounce, 400 tons would be worth about $11.8 billion.

The Swiss National Bank, one of the signatories to the new accord, in a statement today said it isn't planning any gold sales in the near future and that its gold is an important part of monetary reserves. Switzerland has 1,040 tons of gold, making it the seventh-largest holder.

Bullion sales under the current agreement total 140 tons in the current quota year, with France and the ECB leading sales, the World Gold Council said July 29. Central banks have sold about 3,867 tons since the first agreement, and failed to reach the allowed limit each year since 2005, its data show.

"We thought it may well have been a bit lower," said Daniel Major, an analyst at RBS Global Banking & Markets in London, referring to the new 400-ton cap. "The sharp decline in sales in the current agreement means a high ceiling would have been unrealistic."

Major said he hasn't seen any evidence of central banks likely to sell large amounts any time soon.

"The agreements were introduced in the first place to give the market some stability and knowledge that central bank sales would occur in a regulated framework, instead of unexpected ad hoc sales that would be destabilizing to the gold price," Louise Street, a consultant to the World Gold Council, said today by phone.

By Jana Randow
Bloomberg News
Friday, August 7, 2009

During late 2007 and early 2008 the Company undertook systematic soil, panned concentrate, rock and stream sediment sampling over the project lands, with emphasis on portions with relatively thin transported cover. Approximately 22% of the property has now been sampled and analyzed for gold. 2,901 samples have been taken consisting of 2,223 soil samples, 278 panned concentrates, 123 rock samples, and 277 stream sediment samples. The work identified seven significant gold anomalies, defined by these geochemical media, with gold responses ranging from detection limits to 77.85 grams per tonne. Four anomalies were investigate with deep Mechanized auger (TRADO) drill holes. The targets are described and illustrated in more detail on our website www.shoreham.ca or by clicking on this link http://www.shoreham.ca/property_potaro.php .

The most significant targets are the 7 km long Pepper Creek - Little Uewang Trend (gold in soil and panned concentrates coincident with a major NE trending structural break, with stronger responses at cross structures) and the 250 x 600 meter Queen of Diamonds NE target (soil and panned concentrate responses associated with a felsic intrusive body). The Maple Creek North Anomaly is clearly associated with a discrete magnetic response from a gabbro/norite intrusive. Reconciliation of the sampling results, field observations, magnetic data and inferred bedrock geology forms a sound basis for further work including more sophisticated geochemistry, ground geophysics, trenching and drilling.

Negotiations are underway with parties interested in farming into the Potaro/Maple Creek land claims. Shoreham is actively working through other significant evaluations and acquisitions in Guyana at this time.

David Bending, M.Sc., P.Geo., President and CEO of Shoreham Resources Ltd. is a Qualified Person as defined in National Policy 43-101 ("NI 43-101"), and is responsible for all technical information cited in this news release. He reports that: "The results from our Maple Creek/Potaro program have provided sufficient encouragement to continue exploring the property for a bedrock/saprolite hosted gold deposit. This area is very prospective but effectively unexplored due to transported sand cover. The work reported herein is a breakthrough in defining significant exploration targets through the sands. The exploration team is particularly encouraged by the size and geological setting of the Pepper Creek-Little Uewang Trend. Detailed follow up work is planned for late 2009 and early 2010.

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. You may also go to www.agoracom.com where you can view comments posted on their site or contact our Investor Relations Representative, Mr. Mike Kachanovsky via email at mkachanovsky@shoreham.ca or Pro-edge Consultants Inc., Tracy Weslosky, at 416-581-1717 or via email at tracy@pro-edge.com.

Neither the 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.

David Bending recently recorded an interiew for the AOL Small Cap Show and has also updated the Executive Address.

You can access the AOL Interview via the following link:

AOL Small Cap Show

and here for the Executive Address, as well as in the Executive Address Window at the top right of the SMH Hub.

Regards, Agoracom IR

The Berens River Property, also referred to as the Zahavy Mine, is the most advanced mineral prospect in the Favourable Lake Belt and the only site of significant past production. Its discovery was the catalyst for important infrastructure development including an airstrip, a town site, and a hydroelectric power plant. Exploration activity first took place at Borthwick Lake (The Berens River Mine property) with the discovery of gold in four veins in the mid-1920's. It is reported that from 1939-1948, Newmont Mining Corporation's subsidiary, Berens River Mines, produced 560,607 tons of ore grading 0.28 oz./t Au, 10.3 oz./Ag, 0.54% Pb and 0.16% Zn from the No. 1 vein (508,574 tonnes grading 9.59 g/t Au, 353.1 g/t Ag, 0.54% Pb and 0.16% Zn). The mine ceased operations in 1948 due to lower grade and metal prices and higher operating costs. Although the mine reached a depth of over 1,000 metres, no production was recorded from below the 518-metre level. The mine was in production from 1939 to 1948 at a rate of 250 tons per day.

Gold mineralization occurs in quartz veins located within a sequence of volcanic and sedimentary rocks. The most significant mineralization in the area is considered to be the precious-base metal bearing series of sub-parallel, south-dipping veins which occur in the east-trending zones which orthogonally cross cut felsic volcanics. The mineralization consists of silicification, pyrite, sphalerite, galena, minor chalcopyrite, gold and silver minerals which occur in shoots within structures which have been offset by faulting.

The primary exploration target is believed by previous workers to be the No. 3 Vein, which lies 600 metres north of the Berens River Mine and has been subjected to several historic mineral resource/reserve estimates in the 1980's but never put into production. Historical resources vary widely depending on the author and the gold price. At the current gold price project economics are substantially better than at any time in the past. A systematic technical program including 3D modeling of all drilling and underground data, confirmatory surface and underground sampling and diamond drilling will be required to qualify a credible, NI 43-101 compliant resource at current operating conditions. These are the logical first steps in advancing this project area as part of the company's integrated exploration program in the Favourable Lake Belt.

David Bending, M.Sc., P.Geo., President and CEO of Shoreham Resources Ltd. is a Qualified Person as defined in National Policy 43-101 ("NI 43-101"), and is responsible for and has reviewed all technical information contained in this news release. Mr. Bending reports that: " Based on the information at hand, the available infrastructure and today's gold prices, our technical team has stated that while this project does not have ay NI43-101 compliant resources or reserves the project warrants evaluation and if said evaluation is successful then the project may, in their opinion, have potential for development at a scale of 400 to 500 Tonnes Per Day. In conjunction with evaluation and expansion of the Borland Lake silver-gold targets and the other advanced prospects in the belt, the Berens River Property is a solid step forward towards production."

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. You may also go to www.agoracom.com where you can view comments posted on their site or contact our Investor Relations Representative, Mr. Mike Kachanovsky via email at mkachanovsky@shoreham.ca or Pro-edge Consultants Inc., Tracy Weslosky, at 416-581-1717 or via email at tracy@pro-edge.com.

Neither the 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.

Share Payments:

Shoreham will issue Guiana Shield 2 million Shoreham common shares upon Exchange approval of the Agreement and an additional 1 million shares on each of the first, second and third anniversaries of Exchange approval of the Agreement for a total of 5 million shares of Shoreham Resources Ltd.

Cash Payments:

The Prospecting Licenses have been grouped into four (4) Project Areas ("Project Areas") based on geological or physical groupings of the licenses. Shoreham will pay Guiana Shield US$ 25,000 per Project Area (US$ 100,000 total for each year that all four Project Areas are retained) commencing upon receipt of the title documents and US$ 25,000 per Project Area annually thereafter for six (6) years on the anniversary of receipt of title for an additional cash payment of US$ 600,000. The total cash payments over the life of the Agreement would be US$ 700,000. If any Project Area is returned to the Vendor no further cash payments will be incurred for that Project Area. Contained in the original option agreement Guiana Shield Resources is entitled to receive 10% of any direct compensation paid to Shoreham Resources Ltd., this clause will be clarified and defined in the forthcoming definitive agreement.

Work Requirements and Land Holding Costs:

Shoreham is obliged to pay land holding costs and undertake sufficient exploration work to meet the minimum exploration expenditure requirements defined by the Guyana Geology and Mines Commission (GGMC).

Issuance of a Mining License (Share Payments):

If a Mining License is issued on any one Project Area following submission of a Feasibility Study to the GGMC, Guiana Shield will be entitled to receive an additional 1 million shares of Shoreham per Mining License issued per Package which is limited to a maximum of one share issue per Project Area. If all Project Areas are issued one or more Mining Licenses, a maximum of 4 million shares will be issued.

Issuance of a Mining License (Cash Payments):

If a Mining License is issued on any one Project Area following submission of a Feasibility Study to the GGMC, Guiana Shield will be entitled to receive a cash payment of US$ 1.00 per ounce of gold in a NI 43-101 Compliant Reserves and Resources as documented in the Feasibility Study as submitted to the GGMC for the Mining License. Guiana Shield will be paid a minimum of US$ 500,000 to a maximum of US$ 2 million per Project Area. If all Project Areas are issued Mining Licenses, a Minimum of US$ 2 million and a maximum of US$ 8 million will be paid.

Royalty and Buy-back Provision:

Guiana Shield has the right to receive a 3% Net Smelter Return royalty from any production on any of the Prospecting Licenses. Shoreham has the right to buy back this NSR in 1% increments at its discretion and can reduce the royalty to 0% by paying Guyana Shield a total of US$ 6 million. This NSR buy back provision applies to all of the Licenses as one entity and is not based on a per PACKAGE arrangement.

Option to Joint Venture:

In a significant subsequent event (News Release 2009-14 dated April 27, 2009) Shoreham entered into an option agreement granting Mulgravian Ventures Ltd. the right to earn 51% in Shoreham's rights granted by the Guiana Shield Agreement. Mulgravian Ventures Corporation ("MVC"), a private Canadian Company can earn its 51% working interest in the lands by investing CDN$ 2.1 million in Shoreham by purchasing shares of Shoreham Resources Ltd. in four stages and providing by US$ 5,000,000 in funds for use in the evaluation and development of the properties. Shoreham will operate the programs and be entitled to a 10% management fee. The first year's budget, including land costs and due diligence review by MVC, is US$ 1 million.

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. You may also go to www.agoracom.com where you can view comments posted on their site or contact our Investor Relations Representative, Mr. Mike Kachanovsky via email at mkachanovsky@shoreham.ca or Pro-edge Consultants Inc., Tracy Weslosky, at 1-416-581-1717 or via email at tracy@pro-edge.com.

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.

David A. Bending
Shoreham Resources Ltd.
President, CEO
(604) 533-9288
(604) 533-9296 (FAX)
dabending@shoreham.ca
www.shoreham.ca

Shoreham will continue to pursue additional financing with emphasis on funds for the Marudi Mountain Project but not at the price specified. The company currently has sufficient funds including joint venture funding for timely and efficient advancement of its programs and will continue to consider funding options to accelerate the development of its flagship Marudi Mountain Project.

Shoreham Resources Ltd. (TSX VENTURE:SMH - News) is a Canadian exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in Guyana and Canada.

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. You may also go to www.agoracom.com where you can view comments posted on their site or contact our Investor Relations Representative, Mr. Mike Kachanovsky via email at mkachanovsky@shoreham.ca or Pro-edge Consultants Inc., Tracy Weslosky, at 416-581-1717 or via email at tracy@proedge.com.

Neither the 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.

David A. Bending
Shoreham Resources Ltd.
President, CEO
(604) 533-9288
(604) 533-9296 (FAX)
dabending@shoreham.ca
www.shoreham.ca