Shoreham Resources Ltd.

Shoreham Resources Ltd.

December 22, 2006 16:00 ET

Shoreham Grants Stock Options

TORONTO, ONTARIO--(CCNMatthews - Dec. 22, 2006) - David A. Bending, President & CEO of Shoreham Resources Ltd. (NEX:SMH.H) announces that the board of director's of Shoreham granted 1,300,000 stock options on December 21, 2006 exercisable at $0.15 for three years to December 21, 2009. The exercise price is based upon the closing price of $0.15 on December 20, 2006. The stock option grants are subject to regulatory approvals.

The grants included 1,250,000 options to the five directors including 650,000 to two of the directors who are also senior officers. The remaining 50,000 options were granted to a consultant.

Shoreham Resources Ltd. Is located at 350 Wellington Street West, Suite G-19, Toronto, Ontario M5V 3W9

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release

Contact Information

  • Shoreham Resources Ltd.
    David C. Hammond
    (416) 867-1101
    (416) 867-1222 (FAX)