StoneShield Capital Corp.
TSX VENTURE : STS

StoneShield Capital Corp.

January 10, 2011 03:01 ET

StoneShield Signs Option to Acquire A 100% Interest in Geldenhoof Claim in the Blackwater Gold District, British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2011) - StoneShield Capital Corp. (TSX VENTURE:STS) ("StoneShield" or the "Company") is pleased to announce it has signed an option with Seaborne Minerals Inc. ("Seaborne") to acquire up to a 100% interest in the Geldenhoof gold property (the "Geldenhoof Property") located in central British Columbia, approximately 110 km by road southwest of Vanderhoof.

The Geldenhoof Property, a single 2,129.58 hectare mineral claim, is approximately 4km east of Richfield Ventures Corp.'s (RVC-TSX.V) Blackwater gold property where multiple drill holes are proving a new, near-surface, bulk tonnage gold discovery. Recently, Richfield intersected 171 metres of 3.13 g/t Au in drill hole BW 91 and has reported to be expanding the gold zone eastward. Richfield also reported that "samples responded well to direct whole ore cyanidation tests with an average of 92% gold recovery across three tests at different conditions on each composite (9 tests in total)." StoneShield intends to commence reconnaissance exploration on the Geldenhoof Property in the Spring of 2011.

Under the terms of the option agreement, StoneShield can acquire a 100% interest in the Geldenhoof Property by making cash payments of $15,000 to Seaborne within 10 business days of TSX Venture Exchange acceptance ("Acceptance") and an additional $22,000 to Seaborne on the second anniversary date of Acceptance as well as issue to Seaborne 150,000 shares of the Company within 10 business days of Acceptance and an additional 25,000 shares on the second anniversary date of Acceptance. Seaborne shall retain a 1.5% net smelter returns royalty which can be acquired by StoneShield for $1,000,000 cash.

The qualified person for StoneShield under National Instrument 43-101 is Allen Ambrose, P.Geo.

StoneShield is a publicly traded exploration company focused on the discovery of high- value precious metals deposits in North America. The Company's experienced management team boasts multiple discoveries, and brings over 70 years of combined experience in the mining and exploration sector. Please visit the Company's web site address at www.stoneshieldcapital.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF STONESHIELD CAPITAL CORP.

Kris Kottmeier
President/CEO

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • StoneShield Capital Corp.
    Benjamin Curry
    Investor Relations
    (604) 689-2881 or Toll Free at 1-877-689-2881
    www.stoneshieldcapital.com