Silver Shield Resources Corp.
TSX VENTURE : SSR

Silver Shield Resources Corp.

December 01, 2008 08:45 ET

Silver Shield Resources Extends Option on James Township Morris Property by 1 Year

BURLINGTON, ONTARIO--(Marketwire - Dec. 1, 2008) - Silver Shield Resources Corp. (TSX VENTURE:SSR)("Silver Shield" or "the Company") today announced that the Company has extended the term of its Option on the James Township Morris Property in cooperation with the vendor. As a result, the $10,000 cash payment and $200,000 work commitment to November 19th have been extended by one year to November 19, 2009. The SSR share option of 130,000 common shares due to the vendor will be granted immediately upon receipt of the necessary approvals.

Silver Shield's corporate strategy has always been to acquire quality silver projects that are in advanced stages beyond grassroots exploration, with the potential to be developed into producing properties. The Morris Property is a high quality asset that Management is happy to maintain its option on and even more gratified to have arranged the extension as a win-win for both parties during undeniably difficult financial conditions.

As reported previously the Company has completed stripping at its Welsh Property in Elk Lake and is defining specific targets for drilling.

Stephen Mlot, P.Eng, a director of the Company, is the Company's Qualified Person as defined by National Instrument 43-101, who has approved the content of this release.

About Silver Shield Resources Corp.

Silver Shield Resources Corp. is an exploration and development company of mineral resource properties focusing on advanced-stage silver properties in Northern Ontario and Mexico that the Company can take into production. Its portfolio holds varying option interests in five different properties, including the Welsh Mine Property in the historically-prolific silver producing Elk Lake-Gowganda area of Ontario and the La Cumbre Property in Guerrero, Mexico. Shares of the Company are listed for trading on the TSX Venture Exchange under the symbol "SSR".

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Forward-Looking Statements

This press release contains certain "Forward-Looking Statements". All statements, other than statements of historical fact included herein, including without limitation, statements regarding exploration results, future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The TSX Venture Exchange and the Canadian Securities Commissions. Not to be construed as an offer to buy or sell securities of this Company. Readers are advised to discuss all of their stock purchases with a registered securities broker or personal finance professional prior to investing.

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