Shoreham Resources Ltd. (the "Company" or "Shoreham") (TSX-V: "SMH"), a Canadian exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in Guyana and Canada, is pleased to announce that a Memorandum of Understanding and a Letter of Intent (the agreements) have been signed with local First Nations that now provide the cooperative basis and understanding upon which Shoreham may resume exploration activities on the Property in consultation with local First Nations on the majority of Shoreham's properties located in the Red Lake Mining District, Favourable Lake Area, of north-western Ontario. Agreements are also being negotiated by the property vendors with two (2) remaining First Nations individuals which, when signed, will provide Shoreham with guidelines for gaining unfettered access to work on all of the Company's properties in the area. The agreements are based on mutual respect and the desire for open and friendly on-going communication that also respects the Treaty and Aboriginal rights of the First Nations together with their constitutional and other legal rights.

Shoreham has mobilized field crews to undertake systematic surface exploration on all of the Company's properties this summer and fall which will include line cutting, Mobile Metal Ion soil sampling, geophysics, trenching and prospecting in order to prepare them for a winter drilling campaign. The drilling campaign will test targets known to exist on the claims by historically documented surveys and Shoreham's work in the region. The objective of this field work is evaluation and development of the Company's extensive land holdings in the region.

David Bending, M.Sc., P.Geo., President and CEO of Shoreham Resources Ltd. is a Qualified Person as defined in National Policy 43-101 ("NI 43-101"), and is responsible for all technical information contained in this news release. Mr. Bending reports that: "We have been encouraged by our field work to date in the Favourable Lake area and are re-implementing our strategy of exploration for large tonnage metallic mineral deposits. We will be updating our shareholders with new information as it becomes available from our field work and are looking forward to a successful field season."

For further information please visit our website at www.shoreham.ca or contact our President and CEO Mr. David A. Bending at 604-533-9288. You may also go to www.agoracom.com where you can view comments posted on their site or contact our Investor Relations Representative, Mr. Mike Kachanovsky via email at mkachanovsky@shoreham.ca or Pro-edge Consultants Inc., Tracy Weslosky, at 416-581-1717 or via email at tracy@pro-edge.com.

Neither the 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.