Mr. Leo Hathaway reports

GOLDEN SHIELD ANNOUNCES $975K PRIVATE PLACEMENT

Golden Shield Resources Inc. intends to complete a non-brokered private placement for total proceeds of up to $975,000, consisting of up to 6.5 million common shares of the company at a price of 15 cents per share.

The company intends to use the net proceeds from the offering for exploration expenditures at the company's Marudi Mountain property as well as corporate and general working capital purposes.

Closing of the offering is subject to certain customary conditions. The securities to be issued under the offering will be offered by way of private placement in such provinces or territories of Canada and such other jurisdictions as may be determined by the company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. Securities issued under the offering will be subject to a statutory hold period, which will expire four months and one day from the date of closing of the offering.

About Golden Shield Resources Inc.

Golden Shield Resources controls the 5,457-hectare Marudi Mountain property, located in the Rupununi district of southwestern Guyana.

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