Sheldon-Larder Mines, Limited

September 18, 2007 20:37 ET

Company Completes Private Placement of 1,000,000 Flow-Through Units

TORONTO, ONTARIO--(Marketwire - Sept. 18, 2007) - Sheldon-Larder Mines, Limited is pleased to announce that it has today completed a private placement for proceeds of $100,000 which closed effective September 17, 2007. 1,000,000 Flow-Through Units were issued at a price of $0.10 (Canadian) per Flow-Through Unit. Each Flow-Through Unit will consist of one Flow-Through Common Share and one Flow-Through Warrant, which Flow-Through Warrant is exercisable at $0.15 (Canadian) into one Flow-Through Common Share at any time during the two year period from September 17, 2007.

Proceeds from the private placement will be used to finance the Corporations exploration projects in Ontario, qualifying as Canadian Exploration Expense (CEE) under the Income Tax Act (Canada) enabling the subscriber to obtain applicable tax credits and deductions.



On behalf of
Sheldon-Larder Mines, Limited
CUSIP no. 822482 10 5

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