Shelton Canada Corp.

Shelton Canada Corp.

June 25, 2009 16:28 ET

Shelton Announces Revocation of Cease Trade Order

CALGARY, ALBERTA--(Marketwire - June 25, 2009) - Shelton Canada Corp. ("Shelton" or the "Company") (TSX VENTURE: STO) is pleased to announce that revocation of cease trade orders were issued by the Ontario Securities Commission ("OSC") and the British Columbia Securities Commission ("BCSC") dated June 3, 2009 and June 4, 2009 respectively and that the Company has been reinstated for trading by the TSX Venture Exchange ("TSXV") effective June 24, 2009.

The Company was subject to a permanent cease trade order of the OSC dated May 19, 2009 and a cease trade order of the BCSC dated May 11, 2009 (collectively the "Orders") as a result of the Company's failure to file, on a timely basis, its annual audited financial statements for the year ended December 31, 2008 and its management discussion and analysis for the period ended December 31, 2008 (the "Delinquent Financial Statements"). Following the issuance of the Orders, the TSXV issued a suspension of trading dated May 7, 2009. The Delinquent Financial Statements were filed with the applicable securities commissions on SEDAR on May 25, 2009 and the Company is now up to date with all of its outstanding continuous disclosure documents.

About Shelton Canada Corp.:

Shelton Canada Corp. (, a Canadian-based junior oil and gas company, is focused on exploring and developing the resource-rich basins of Ukraine. The company has an internationally experienced board of directors and a long history of successful operations in Ukraine. These competitive advantages have helped Shelton to build effective personal relationships, strategic regional partnerships, and a large land position and a portfolio of projects on and offshore. Shelton's long-term goals are to become the leader in oil and gas production from the resource-rich Azov and Black Sea basins in five years.

"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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