Silver Shield Resources Corp.

Silver Shield Resources Corp.

March 23, 2009 15:44 ET

Silver Shield Provides Details on Jaripo and El Carmen Property Acquisitions in Mexico

BURLINGTON, ONTARIO--(Marketwire - March 23, 2009) - Silver Shield Resources Corp. (TSX VENTURE:SSR) ("Silver Shield" or "the Company") today announced additional details on the recently completed letters of intent ("LOI") on the Jaripo and the El Carmen concessions in the State of Michoacan, Mexico. These new properties are central to the Company's plan to become a regional developer and operator of sliver mines.

These Properties is in close proximity to each other, and to an operating milling facility in Michoacan State, which could process material from these properties on a toll basis. The properties are easily accessed by road, adequate water supply is available, and hydro lines are located about 1 km from the sites. Good infrastructure is in place with a small town located only 8 km from the site. Both properties have seen previous production and Jaripo has the remnants of a milling facility. El Carmen features stockpiles of mineralized material that the Company plans to bulk sample. Clear targets for exploration have been identified in the area of the historic mine workings, and extensive mineral bearing structures are apparent. Initial due diligence sampling has returned high values of silver and copper as previously disclosed.

The Company has until May 26, 2009 to complete its due diligence and enter into formal agreements with the current owners, for both of the acquisitions.

Silver Shield will purchase 100% of the Jaripo concessions for a total of $US 2,000,000 payable as follows:

- $25,000 upon signing of the formal agreement

- $25,000 after 6 months

- $50,000 after 12 months

- $75,000 after 24 months

- $1,825,000 after 36 months

Silver Shield will purchase 100% of the El Carmen property for a total $US 450,000 payable as follows:

- $25,000 upon signing of the formal agreement

- $25,000 after 6 months

- $50,000 after 12 months

- $50,000 after 18 months

- $50,000 after 24 months

- $50,000 after 30 months

- $200,000 after 36 months

No royalties will be retained on either of the properties.

The management of Silver Shield believes these new properties will enable the company to realize its plan to become a regional developer and operator of silver mines. Some further property acquisitions are in the pipeline as well.

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 100% owned La Cumbre and La Florida Properties in Guerrero State, Mexico.

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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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