David,

You have answered questions, chided those who have invested in you and then announced something today which contradicts your answers.

So which is it, March or February for Rexma production? If the news release is wrong, are you going to consider correcting it?

David, have patience with investors. We do have alot of patience with you.

Shoreham Resources Ltd (C:SMH)
Shares Issued 56,859,300
Last Close 12/3/2009 $0.27
Friday December 04 2009 - News Release

Mr. David Bending reports

SHOREHAM GRANTS THREE MONTH EXTENSION TO REXMAS START UP AND MILESTONE DATES FOR MARUDI ALLUVIAL MINING

David Bending, MSc, PGeo, president and chief executive officer of Shoreham Resources, says, "The company is very pleased to confirm that Rexma is fully committed to begin alluvial mining and gold production at our Marudi Mountain gold project by Feb. 1, 2010."

Venturous--> Finally, will your Rexma production funds cover all the management fees (outside of drilling funds)?

Bending--> Initial REXMA production is scheduled for late March 2010. We anticipate that our share during calendar 2010 will be less than 1000 ounces (hopefully this conservative milestone will be exceeded and this depends on recoveries and grade). When REXMA is in sustained production we hope to see more than 2000 ounces to our credit each year - potentially much more. This sum, combined with management fees for the Joint Venture projects, would be enough to substantially cover our G and A costs. By management fees I assume you are referring to executive compensation. Note that this compensation cost will be materially reduced by cost sharing agreements with Mahdia Gold Corp. When REXMA is in sustained production the proceeds will exceed our G and A costs by a significant margin.

Bending to venturous-> We have a few more steps to complete before we will be ready - pending matters which we can not yet publish. With the budgets and news we will be in a position to organize funds to drill Marudi - all because of the impact of the generative program which you seem to find confusing. There is a very logical process at work here, with well defined objectives.