LANGLEY, CANADA, August 21, 2009 - 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 issuing a minor correction to our August 18, 2009 News Release.
The News Release read: "The Company will have the option, at any time prior to commencement of commercial production on the Property, to reduce the NSR royalty to 1% upon paying to Case Development the aggregate amount of US$ 3,000,000." It should have read: "The Company will have the option, at any time prior to commencement of commercial production on the Property, to reduce the NSR royalty to 0% upon paying to Case Development the aggregate amount of US$ 3,000,000 at which point in time Case Development will no longer have any rights on and to the Property whatsoever."
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.
