Mr. Keith Laskowski reports

CANADIAN SHIELD TO PREPARE NI 43-101 TECHNICAL REPORT ON COLPAYOC GOLD PROJECT, PERU

Canadian Shield Resources Ltd. has contracted SRK Consulting (U.S.) to prepare NI 43-101 technical reports on the company's Colpayoc property located in the Yanacocha gold district of Peru. The property contains 4,200 hectares and is located 15 km west of the city of Cajamarca and 15 km south of the Yanacocha mine complex. The Company has an option to acquire a 100% interest, subject to a 2% NSR royalty in the property.

The property contains three types of mineralization, which occur in six separate target areas. The main area of known mineralization is the Daylight Zone/porphyry gold-copper mineralization. The Daylight Zone contains oxidized, outcropping gold and copper mineralization hosted within a felsic intrusive, typical of a porphyry gold-copper system. The intrusion is nested within two similar intrusions, all of which have intruded and are hosted within Cretaceous age, massive limestone, calc-arenite, and siltstone. The intrusions are circular and form a 400 meter diameter area of discontinuous outcrop, surrounded by the sedimentary host rocks. The porphyry mineralization has been evaluated with 4 drill holes, totaling 647 meters, and 2500 meters of trench sampling. The outcropping porphyry mineralization contains stockwork-hosted gold mineralization with assays ranging from 10s of meters to greater than 100 meters with 0.3 - 1.6 g/t gold and may be expanded with additional exploration.

The property also contains northwest trending fault zones, and northeast trending fault zones within the sedimentary rocks. In several places, these structures host variably brecciated felsic volcanics (possible vent breccias), with precious metal mineralization, including gold assays up to 10 g/t and silver assays up 912 g/t reported from surface rock samples. These areas have received only preliminary sampling at this time, and more systematic work is required to assess the distribution of this mineralization. Epithermal silver-gold mineralization is present within felsic volcanics and skarn mineralization may be present, associated with a series of magnetic anomalies within the sedimentary rocks, at depth.