Shannon International Inc.
OTC Bulletin Board : SHIR

Shannon International Inc.

September 12, 2005 14:46 ET

Shannon Announces Agreement to Develop Joint Venture Opportunities With Companies From the Peoples' Republic of China

CALGARY, ALBERTA--(CCNMatthews - Sept. 12, 2005) - Shannon International Inc. (OTCBB:SHIR) ("Shannon" or "the Company") is pleased to announce that the Company has signed an agreement with SinoTop Investment Consulting Corp. ("SinoTop") of Vancouver on May 30, 2005. The consulting agreement provides that SinoTop will locate joint venture resource opportunities with companies from The Peoples' Republic of China for oil, natural gas and coalbed methane gas exploration and development in Eastern Canada. The Company anticipates beginning evaluations of such opportunities in the near future.

Shannon has a 100% working interest in approximately 376,000 acres of Petroleum and Natural Gas Exploration Permits onshore in the province of Prince Edward Island, Canada.

About Shannon

Shannon strategically grows its business by finding, evaluating, and creating value.

In addition to its resource assets, Shannon owns a 15% interest in a seismic database compression software platform developed by Helical Systems Inc., and a 51% interest in Logical Sequence Incorporated, a Canadian developer of web-based dealership management software (LynXphere) for automotive retail dealerships.

FORWARD LOOKING STATEMENTS

Except for the Historical Information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risk and uncertainties that may cause actual results to differ materially. These forward- looking statements speak only as of the date hereof and the Company disclaims any intent or obligation to update the forward-looking statements.

Contact Information