Sharpe Resources Corporation
OTC Bulletin Board : SHGPF

Sharpe Resources Corporation

November 25, 2008 09:00 ET

Joint Venture Coal Exploration Agreement has Been Completed Between Royal Standard Minerals Inc. and Sharpe Resources Corp.

HEATHSVILLE, VIRGINIA--(Marketwire - Nov. 25, 2008) - SHARPE RESOURCES CORPORATION, "SHO" (NEX:SHO.H)(OTCBB:SHGPF) - Subsequent to an announcement, a June 12th, 2008 press release, of a proposed Joint Venture program between Royal Standard Minerals Inc. and Sharpe Resources Corp. to jointly explore and develop coal projects in Eastern Kentucky, the Boards of Directors of Royal Standard Minerals Inc. and Sharpe Resources Corporation have completed a 50-50 Joint Venture agreement to jointly pursue the exploration and development of coal projects in Eastern Kentucky. The agreement was approved and executed on November 21, 2008 and is subject to regulatory approvals, according to Roland M. Larsen, Qualified Person.

The information presented in this press release is subject to the various regulatory approvals. The economic viability of these projects is uncertain and is contingent upon coal pricing and mining conditions that could affect the project economics.

The Company cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, volatility of mineral prices, product demand, market competition, imprecision of mineral estimates, and other risks detailed herein and from time to time in the Securities and Exchange Commission filings of the Company.

C.U.S.I.P # 82001L100

The TSX Venture Exchange does not accept responsibility for adequacy or accuracy of this release as per Exchange Policy 3.3 section 6.5.

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