Agoracom

Shoreham Resources ltd. is a Canadian-based mineral exploration and development company with significant land holdings in the Red Lake mining district of northern Ontario and in Guyana, South America. In Ontario, the company has amassed 1528 Claim Units covering 24,448 hectares, with important values of gold, silver, molybdenum and uranium observed.

RED LAKE MINING DISTRICT

The Canadian Projects comprise of six separate Option agreements covering 105 Ontario Mineral claims. The biggest of which, the Twinpeaka Option, grants Shoreham the right to acquire 100% of 43 mineral claims consisting of 670 claim units (10,720 hectares).

Highlights from the company’s other five options include:

·Claims covering the historic Borland Lake Silver Target via Shoreham Resources’ Favourable Lake Option (428 claim units, covering 6848 hectares), indicate established gold & silver mineralization. A ‘probable reserve’ estimate conducted by Noranda Exploration and Massive Energy in 1985 (pre-NI43-101) indicate reserves of 502 412 tons (456,738 tonnes) with 8.09 ounces Silver per ton (277 grams Ag per tonne) and 0.02 ounces gold per ton (0.69 grams Au per tonne).

·Bear Lake Option – In conjunction with RPT Uranium Corp., Shoreham currently controls five Ontario Mineral Claims with a total of 78 Claim Units (total 1220 hectares). Numerous uranium prospects and occurrences, with reported values in the range of traces to 0.98% uranium trioxide.

·Matless Lake Option – This package consists of 19 Mineral claims composed of 184 claim units and covers a total of 2,944 hectares of land including numerous uranium, molybdenum and precious metal targets. This option is joint ventured with Confederation Minerals Ltd., in which Shoreham retains a 70% stake.

Setting Net Lake Molybdenum Deposit
The company also controls the option to acquire an undivided interest in the Setting Net Lake molybdenum project located in Northern Ontario. Molybdenum is a metal that hasheld up very well during the last few years, trading in a range around $30 per pound.

At Setting Net Lake a low grade resource of about 100 million tonnes has been outlined, grading roughly a pound of moly per tonne, and the deposit ranks as the largest undeveloped molybdenum resource in Eastern Canada. And there is very realpotential to expand the total resources of the project with further exploration. Shoreham has planned an extensive drill program to confirm the historic resources, explore for new deposit areas, and to prepare an updated resource estimate.

·Setting Net South Option – The option consists of 5 claims composed of 72 units covering 1152 hectares.

GUYANA PROJECTS

MARUDI MOUNTAIN GOLD PROJECT

Shoreham has the right to earn a 75% working interest in the Property by exercising an option to acquire 75% of the shares of Romanex Guyana Exploration Ltd. (holder of 100% of the Property) by investing a total of $4,000,000 in development work within three years in the 55.77 square km (13,774 acre) property and the adjoining 32.92 square km (8,875 acre) Paint Mountain Gold Project. Shoreham has commenced systematic exploration work designed to expand the resource targets at Marudi Mountain and define new gold targets in support of an updated and expanded development plan.

Historic resources have already been outlined amounting to about 650,000 ounces of gold and the deposit area remains open laterally and to depth. However the project geologists have determined that a lower grade gold zone exists within the oxidized rock near surface that was completely overlooked by the previous operator ever reported in Guyana. Shoreham completed a work program late in 2007 to target the near surface gold zones through a shallow drilling program and extensive trenching. The assay results from this work are still pending, but the company plans to present a compliant resource estimate later this year, and it is expected that more than 1 million ounces of gold could be defined.