Toronto, Canada, November 19, 2008 – Canadian Shield Resources Inc. (TSX-V: CSP) (“Canadian Shield" or the “Company”) is pleased to announce the election of Sol Mednick to its Board of Directors at its Annual and Special Shareholders meeting held on November 12, 2008.
Sol Mednick, raised in Noranda, Quebec, Canada, graduated from the Ryerson School of Business in 1952. He is past president and director of The Canadian Estate Land Corporation and he currently markets recreational and resource properties to clientele in Canada, the United States and Europe. Mr. Mednick also has extensive experience in dealing with mineral exploration properties within Canada.
Re-elected for another term as directors of Canadian Shield are Bernard Kraft, Philip Anderson, Michael Kraft and Gregory Harris. Eduardo Rebagliati did not stand for re-election to the board of Canadian Shield. The board wishes to thank Mr. Rebagliati for all his contributions to Canadian Shield during his tenure.
The shareholders also approved:
- the reappointment of DMCT LLP, Chartered Accountants as auditors
- the shares for services arrangement with Philip Anderson, VP Exploration
- an amendment to the Company's 2001 Stock Option Plan increasing the maximum number of common shares reserved by Canadian Shield for issuance pursuant to the 2001 Stock Option Plan from 9,081,673 to 10,409,091, approximately 20% of its issued and outstanding common shares.
More specific details of the matters approved at the Meeting are set forth in Canadian Shield’s management information circular dated October 10, 2008 and posted on SEDAR at www.sedar.com.
Investors are invited to visit the Canadian Shield IR Hub at http://www.agoracom.com/IR/CanadianShield where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to CSP@agoracom.com where they can also request to be added to the investor e-mail list to receive all future press releases and updates in real time.
About Canadian Shield Resources Inc. (TSX-V: CSP)
Canadian Shield acquires and explores strategically-located precious and base metal properties in South America. The Company currently controls a portfolio of eight exploration properties located in Peru and Chile. Canadian Shield will continue to focus on project generation and joint venture opportunities to provide shareholders with interests in a broad portfolio of South American mineral properties. The Company’s shares are listed on the TSX Venture Exchange (Trading Symbol TSX V: CSP). Further information is available at Canadian Shield’s website: www.canadianshieldresources.com
For further information, contact:
Canadian Shield Resources Inc.
Bernard Kraft
Chairman & CEO
Toll Free Tel: (888) 927-0025
Tel: (416) 927-0025 Ext. 30
Investor Relations
AGORACOM Investor Relations
www.agoracom.com/IR/CanadianShield
CSP@Agoracom.com
