Shoreham Resources Ltd. announced that at its AGM its shareholders elected the following management team. They are David Bending as Director, Chairman of the Board, President, Chief Executive Officer, Chairman and Member of the Technical Committee, Member of the Audit Committee and Member of the Plan of Arrangement Committee; Glenn OGorman as Director, Vice President, Chief Operations Officer, Chairman and Member of the Corporate Governance Committee, Member of the Compensation Committee and Member of the Technical Committee; Terence Schorn as Director, Member of the Audit Committee, Member of the Compensation Committee, Member of the Corporate Governance Committee, Member of the Technical Committee and Member of the Plan of Arrangement Committee; Greg MacRae as Director, Chairman and Member of the Audit Committee, Chairman and Member of the Plan of Arrangement Committee, Member of the Compensation Committee and Member of the Corporate Governance Committee; Dave Jenkins as Director, Chairman and Member of the Compensation Committee, Member of the Audit Committee, Member of the Corporate Governance Committee, Member of the Technical Committee and Member of the Plan of Arrangement Committee; Peter Guichon as Chief Financial Officer; Karmelle Yakimovitch as Corporate Secretary; and Brent McNiven, Vice President of Operations (South America). David Bending, M.Sc., P.Geo., President and Chief Executive Officer of Shoreham Resources Ltd., the Board of Directors and the shareholders of the company wish to thank Mr. James Norris for his services to the Board of Directors over the past year.

Shoreham Resources Ltd. announced that the company commenced a diamond drilling program in the Borland Lake target area, Favourable Lake Joint Venture, Ontario. The work plan calls for 2,500 meters of NQ drilling in eight to ten holes with estimated minimum depth 175 meters and maximum depth 500 meters. The drill hole site selection is based on ground geophysics, compilation of historic diamond drilling results and structural interpretation based on detailed geological mapping. Additional drilling, including testing of other prospects in the Favourable Lake region of Ontario, will be considered based on results and logistical considerations.

On August 15, 2009, Shoreham Resources Ltd. and Guiana Shield Resources Inc. executed a definitive property option agreement whereby Shoreham Resources will acquire 100% of the Guiana Shield PGM and Gold Properties Portfolio superseding and replacing the original letter agreement dated March 5, 2009. The portfolio consists of 4 groups of Large Scale Property Areas, together consisting of 13 prospecting licenses and 12 prospecting permits in Guyana. Exploration commitments, security considerations, and cash considerations remained unchanged. However, the minimum and maximum cash provisions relating to the gold supplement have been removed. The gold supplement is directly related to the issuance of a mining license to any one property area and will be based on the submission of a feasibility study to the Guyana Geology and Mines Commission. Pursuant to the definitive option agreement, Additional Prospecting Licenses clause, the Company has received approval for the issuance of an additional 4 Prospecting Licenses. The additional Prospecting Licenses relate to properties contiguous with the existing Guiana Shield properties and shall be included, and shall form part of the existing property areas.