Canadian Shield Resources Inc.
TSX VENTURE : CSP

Canadian Shield Resources Inc.

December 12, 2007 09:36 ET

Canadian Shield Comments on Recent Share Price Activity

TORONTO, ONTARIO--(Marketwire - Dec. 12, 2007) - Canadian Shield Resources Inc. (TSX VENTURE:CSP)("Canadian Shield" or the "Company") announces that there are no corporate developments or undisclosed material changes involving the Company to account for the recent stock price activity.

Bernard Kraft, Chairman of Canadian Shield, commented, "The Company is in a stronger position today than at any other time in its history. On November 23rd, 2007, we announced exceptional assay results that included 107 metres grading 99.1 g/t Silver Equivalent at our La Estrella Gold-Silver-Copper Property. We expect to commence our next phase of drilling early in 2008. As such, we do not believe the recent share price activity is anything more than long-term shareholders taking advantage of an opportunity to realize profits. We look forward to commencing our Phase II drilling program and delivering results that further develop our exciting prospects at La Estrella."

Investors are invited to visit the Canadian Shield IR Hub at http://www.agoracom.com/IR/CanadianShield where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to CSP@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.

About Canadian Shield Resources Inc.

Canadian Shield is a mineral exploration company building shareholder value through the acquisition of major scale, base and precious metal projects in prolific and established mineral provinces in South America. Efforts are primarily focused on Peru, a very prospective region ranked highly in the world's production of gold (5th), silver (1st), copper (3rd), zinc (3rd) and tin (2nd). The Company controls nine base and/or precious metals projects, eight in Peru and one gold project in Chile through acquisitions by its 100% owned Peruvian subsidiary Compania Minera Canadian Shield Peru S.A.C. including the 90% acquisitions of Gallant Minerals Peru Ltd. S.A. in September 2004 and Anderson Peru Mining & Exploration S.A.C. in April 2007. Canadian Shield is focused on project generation and joint venture opportunities to provide shareholders with interests in a broad portfolio of South American mineral properties. The Company's shares are listed on the TSX Venture Exchange (TSX VENTURE:CSP).

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.

To learn more visit: www.canadianshieldresources.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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