Silver Shield Resources Corp.

Silver Shield Resources Corp.

May 08, 2008 09:30 ET

Silver Shield Completes Option Payment and Expands Drilling to 3,000 Metres at Welsh Silver Mine

BURLINGTON, ONTARIO--(Marketwire - May 8, 2008) - Silver Shield Resources Corp. (TSX VENTURE:SSR) ("Silver Shield" or "the Company") today announced that the Company has completed, before the July 17, 2008 due date, the final payment of $40,000 on the Welsh Silver Mine, in Elk Lake, Ontario. This payment, in conjunction with the issuing of 260,000 SSR shares to the vendor will result in 100% ownership of the property by Silver Shield.

Silver Shield commenced its Phase II drill program at Welsh in March 2008, to target the Company's land immediately south of the Amador Gold "Silverclaim Lake Property" as well the Silver Shield/Amador claim boundary 1 kilometre southeast of the Welsh Mine. Silver Shield's drill program is designed to re-test historical values of the area, such as intersections by Teck-Lacana (1984) on what is now Silver Shield ground, that returned values as high as 231.70 oz/ton Ag over 0.2 feet and 41.98 ounces/ ton Ag over 1.2 feet. The initial planned 1,500 metre diamond drilling program has since been extended to a 3,000 metre program. Assay results on this Phase II Drill Program are expected shortly. The company continues to have a strong belief in the Elk Lake Area as an underdeveloped Silver producing Area of Ontario.

The Company's 2008 plans include continued diamond drilling at the Welsh Silver Mine property, and completion of the 3,000 metre phase II drilling program by early June. Assay results will be considered in determining a Phase III program. Upon completion of the Phase II program, Silver Shield plans to examine geological data to determine drill targets and commence drilling on its Wilder Duggan property. Further exploration will continue at the Gore and Morris properties to follow-up on previous work that will assist in the determination of drill targets for fall 2008. Silver Shield is also actively prospecting other silver projects that are in the vicinity of the Welsh Silver Mine and the Silverclaim Lake property. The Company has a stated corporate objective of acquiring quality silver projects that are in advanced stages beyond grassroots exploration, with the potential to be developed into producing properties.

In conjunction with the Company's Mexico operations, Silver Shield continues to upgrade infrastructure at its La Cumbre Property and is awaiting further drill results from its Phase I initial 2,500 metre program. Assay results on seven holes were released on May 6, including an intersection of 308.28 g/t silver over 3.8 metres. Raymond Lashbrook, VP Exploration is evaluating further acquisitions in Mexico at this time.

Stephen Mlot, P.Eng, a Director, is the Company's Qualified Person as defined by National Instrument 43-101 and has reviewed the contents of this release.

About Silver Shield Resources Corp.

Silver Shield Resources Corp. is an exploration and development company of mineral resource properties focusing on advanced-stage silver properties in Northern Ontario and Mexico that the Company can take into production. Its portfolio holds varying option interests in five different properties, including the Welsh Mine Property in the historically-prolific silver producing Elk Lake-Gowganda area of Ontario and the La Cumbre Property in Guerrero, Mexico. Experienced Management have listed the Company on the TSX Venture Exchange upon executing its RTO Qualifying Transaction with Gemini Acquisitions Inc. on December 19th 2007 (TSX VENTURE:SSR).

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Forward-Looking Statements

This press release contains certain "Forward-Looking Statements". All statements, other than statements of historical fact included herein, including without limitation, statements regarding exploration results, future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The TSX Venture Exchange and the Canadian Securities Commissions. Not to be construed as an offer to buy or sell securities of this Company. Readers are advised to discuss all of their stock purchases with a registered securities broker or personal finance professional prior to investing.

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