Shane Resources Ltd.

Shane Resources Ltd.

December 18, 2007 17:46 ET

Shane Resources Ltd. Announces Appointment of CFO and Issuance of Options

SASKATOON, SASKATCHEWAN--(Marketwire - Dec. 18, 2007) - Shane Resources Ltd. (TSX VENTURE:SEI). The Company is pleased to announce the appointment of Lorilee Kozuska as Chief Financial Officer. She brings extensive experience in the public company sector to the Company. She also currently holds the position of CFO for Tanzania Minerals Inc. and previously held the position of CFO for Oriental Minerals Inc. Ms. Kozuska also held the position of Financial Controller at Longview Capital Partners Inc. and previously held the same position at Mainframe Entertainment Inc. for seven years. Her experience also includes management positions at several high-tech companies in Vancouver. Ms. Kozuska holds a CMA designation along with a bachelor's degree in Commerce from the University of Saskatchewan.

The company also announces the issuance of a total of 750,000 options to directors, officers and employees. 250,000 of the options will be set at $0.25 per share, 250,000 will be set at $0.50 and 250,000 will be set at $0.75. The options will be for a period of five years and are subject to regulatory approval.

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Eric Wray, President

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