Canadian Shield Resources Ltd.
TSX VENTURE : EXP

Canadian Shield Resources Ltd.

August 27, 2009 09:44 ET

Canadian Shield Appoints Keith Laskowski as President

TORONTO, ONTARIO--(Marketwire - Aug. 27, 2009) - Canadian Shield Resources Ltd. (TSX VENTURE:EXP) ("Canadian Shield" or the "Company") is pleased to announce the appointment of Keith Laskowski as President of the Company. He has more than 30 years of experience in exploration and mine geology focused on precious metals. Over the past twelve years, Mr. Laskowski has assembled and directed successful private and publicly listed exploration companies located in Peru, Mongolia, Haiti, Mali, the US and Canada and has lead the acquisition of more than 75 gold and copper exploration properties.

Mr. Laskowski stated "Canadian Shield has an ideal combination of gold programs. The strong management team has positioned the Company to benefit from the global financial crisis, by focusing on new gold discoveries and by seeking potential gold production. We have a portfolio of 7 gold projects in Peru, and we are finalizing terms for a regional exploration alliance with Kinross, the fifth largest gold producer, to explore for new gold deposits in Peru. We are also pursuing acquisitions of advanced-stage gold resources with potential for near-term production. This combination of new gold exploration and potential gold production makes this a very exciting opportunity."

Mr. Laskowski is a Qualified Person as defined by National Instrument 43-101 and holds a Master's degree in geology from the Colorado School of Mines. He is a Fellow with the Society of Economic Geologists, a member of the Society for Mining, Metallurgy, and Exploration (SME) and the Mining and Metallurgical Society of America (MMSA-QP). Mr. Laskowski has authored and co-authored seven geological publications.

From 1980-1997, Mr. Laskowski was employed by Newmont Exploration Ltd. managing district exploration offices and regional gold exploration programs. This experience will contribute to Canadian Shield's current and future programs. In 1998, he initiated exploration programs in Peru as Vice President-Exploration for Gallant Minerals Ltd. (formerly Harrods Minerals Ltd.) and developed a portfolio of gold properties in southern Peru which were acquired by Canadian Shield in September 2004. From 2005-2007, Mr. Laskowski acquired a portfolio of uranium properties and served as Vice President & Director of Northern Canadian Uranium Inc., which was acquired by Bayswater Uranium Corporation in late 2007. He also served as Country Manager-Haiti for Eurasian Minerals Inc. from 2006-2009, where he identified three significant gold and copper discoveries (La Miel, Grand Bois and Treuil) which are now held in joint ventures with Newmont Ventures Ltd. Mr. Laskowski has served as an executive officer and director of three junior mining companies and is experienced in all aspects of the exploration business, specializing in marketing of new discoveries. He also serves as a director of Gallant Minerals Ltd. (a private UK corporation), a director of Hastings Resources Corp. (HST.V) and owns and operates KAL Exploration Inc., his private, consulting services practice based in Golden, Colorado.

Canadian Shield's board welcomes Keith Laskowski as President and is excited to have him onboard to lead and manage the Company to the next level of development.

The Company issued to Philip W. Anderson, VP Exploration, 43,011 common shares at a deemed price of $0.93 per share for achieving a specific milestone pursuant to the shares for services arrangement under his Consulting Agreement. These shares are subject to a four month regulatory hold period expiring December 25, 2009.

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

Canadian Shield is a precious metals exploration and development company. The company acquires and explores strategically-located precious metals properties in Peru and Chile. Canadian Shield has eight exploration projects and is finalizing a Strategic Alliance with Kinross Gold Corporation to explore for gold in Peru. The Company's shares are listed on the TSX Venture Exchange (Trading Symbol TSX VENTURE:EXP). Further information is available at Canadian Shield's website: www.canadianshieldresources.com.

STATEMENTS IN THIS PRESS 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. THE FOLLOWING ARE IMPORTANT FACTORS THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS: RISKS INHERENT IN EXPLORATION; RISKS ASSOCIATED WITH DEVELOPMENT, CONSTRUCTION AND MINING OPERATIONS; CHANGES IN THE WORLD WIDE PRICE OF COMMODITIES; THE UNCERTAINTY OF FUTURE PROFITABILITY AND THE UNCERTAINTY OF ACCESS TO ADDITIONAL CAPITAL.

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