Canadian Shield Resources Ltd.
TSX VENTURE : EXP

Canadian Shield Resources Ltd.

March 19, 2010 12:47 ET

Canadian Shield Issues Options to New Team Members

TORONTO, ONTARIO--(Marketwire - March 19, 2010) - Canadian Shield Resources Ltd. (TSX VENTURE:EXP) ("Canadian Shield" or the "Company") announces the granting of 100,000 incentive stock options on March 16, 2010. Of the 100,000 stock options awarded, 50,000 were granted to a new Director of the Company. The remainder of the stock options were granted as performance incentives to new staff. The stock options have an exercise price of $1.00 per share and vest quarterly over an 18-month period expiring March 16, 2013. All options granted and any common shares issued upon the exercise of the options will be subject to a statutory four-month hold period expiring July 17, 2010. The granting of the options is subject to regulatory approval

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

Canadian Shield is a precious metals exploration and development company focused on strategically-located properties in Perú and Chile. The Company has approximately $1.8 million in funds, and has 11.8 million shares issued and trading. Canadian Shield has seven precious metal exploration projects in Perú 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.

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