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Shoreham Resources Ltd. Engages Pro-Edge Consultants to Provide Investor Relatio

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-09-12
TORONTO, ONTARIO--(MARKET WIRE)--Sep 12, 2007 -- Shoreham Resources Ltd. ("Shoreham") (CDNX: - ), an explorationcompany with an emphasis on advanced projects includingsubstantial assets with molybdenum, silver and uranium inOntario and gold in Guyana; is pleased to announce thatit has retained pro-edge consultants inc. ("pro-edge") toprovide investor relations services effective May 28, 2007,for a period of 12 months. In addition, the Company is pleasedto announce that it has also entered into a Corporate CommunicationsAgreement with RM Communications Inc. ("RMC") of Torontoeffective September 1, 2007, for a period of 12 months.

Pro-edge will receive an initial fee of $2,500 per monthfor the first 3 months of this contract and re-negotiatedthereafter for the remainder of the contract. Shoreham willissue to pro-edge 200,000 options to purchase common shares("options") of Shoreham when available, and subject to TSXVenture Exchange approval. The options will be priced atthe TSX Venture Exchange price of Shoreham common sharesas at market close on the day of Exchange approval. Theterm of the options shall be two (2) years from date ofissue, and will vest over a period of 15 months in accordancewith the Shoreham Stock Option Plan.

RMC will create and provide all services associated withthe Company identity, brand, communications materials andwebsite. RMC will receive an initial set-up fee of $7,500,$1,000 per month for 12 months and the issuance of 100,000stock options to each of the two principals of RMC for atotal of 200,000 stock options for common shares in theCompany. These stock options will be granted sometime inthe future (but within the next 12-months) when the Companyissues stock options, and will be priced at market pricessubject to Exchange approval. The options will be on termsand conditions pursuant to the Company Stock Option Plan.

This investor relations and corporate communications agreementsare subject to approval by the TSX Venture Exchange.

David Bending, P. Geo., President and CEO of Shoreham commented,"I am very pleased to announce the formal signing of theseimportant relationship agreements with our new IR and Communicationspartners. In Guyana we have several properties includingthe development stage Marudi / Paint Mountain Gold projectand in the Favourable Lake region of northeastern Ontariowe have assembled a group of properties in close proximityto one another that we feel could be the largest Molybdenumprospect in eastern Canada. Public access and timely disseminationof on-going activities will be of vital importance to ourshareholders and we could not be more pleased with the caliberand professional reputation of our new partners."



The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of the contentof this news release.

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