Work Resumes On Potaro-Maple Creek Gold Project

TORONTO - Shoreham Resources Ltd. reported developments on its Potaro-Maple Creek gold and diamond project in Guyana. Pursuant to an agreement with Vannessa Ventures Ltd. (now Infinito Gold Corp. finalized in March 2007, the Company received an option to earn a 100% working interest in their 40,000 acres of exploration licenses in the Potaro River area of Guyana, South America. The agreement requires Shoreham to undertake US$250,000 in qualified exploration expenditures prior to March 7, 2008 (completed) and make a sequence of cash payments to Infinito totaling US$1,200,000 over four years, which includes cash payments of US$100,000 (paid May 5, 2007) and US$100,000 (paid May 5, 2008). Payments due May 2009 to 2011 may be made (at Shoreham's option) in shares or cash. This property includes a previously operated 400 cubic metre per day alluvial diamond production and recovery facility.
The company's address is 350 Wellington Street West, Suite G19, Toronto, ON M5V 3W9, 416-867-1101, fax: 416-867-1222, email: [email protected], www.shoreham.ca.