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Shoreham Resources Ltd.: Shoreham Agrees to Shares for Debt at Above Market Pricing

^{Published on 2009-02-12 07:36:33, Last Modified on 2009-02-12 07:37:00 - Market Wire}
 

LANGLEY, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2009) - Shoreham Resources Ltd. (TSX VENTURE:SMH), a Canadian exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in South America and Canada, is pleased to announce that the Company has settled outstanding debt to two senior officers of the Company for time and expense charges based on a share price of $0.15 per share. The Company will issue 400,000 common shares of the Company as settlement for $60,000 in invoices.

For further information please visit our website at [ www.shoreham.ca ] or our Investor Relations Hub at [ www.agoracom.com/IR/Shoreham ] where you can post questions and receive answers or review questions and answers already posted by other investors.

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.