Shelton Announces Completion of Private Placement

Shelton Canada Corp. ("Shelton" or the "Company") (TSX VENTURE:STO) is pleased
to announce that it has received final acceptance from the TSX Venture Exchange
for a brokered private placement of 11,400,000 common shares ("Common Shares")
at a price of $0.13 per Common Share (the "Offering") for gross proceeds of
$1,482,000.


In connection with the brokered financing, Shelton issued 912,000 Common shares
at a deemed price of $0.13 per common share to Alpcot Capital Management (the
"Alpcot Shares"). The Alpcot Shares and any Common Shares issued pursuant to the
Offering are subject to a hold period expiring on December 18, 2009.


Shelton intends to use the proceeds from the Offering to repay a $500,000 USD
indebtedness and for financing projects in the Ukraine and for general working
capital purposes.


About Shelton Canada Corp.:

Shelton Canada Corp. (www.sheltoncdn.com) is a junior oil and gas company
actively engaged in exploration and development activities in Ukraine. It has
internationally experience Board of Directors. It has assembled a strong
portfolio of oil and gas projects onshore and offshore, strategically balancing
low-cost development and lower-risk exploitation targets with carefully
assessed, higher-risk, higher-yield exploration opportunities. Shelton 's shares
trade on the TSX Venture Exchange under the symbol STO.


Forward-Looking Information

Except for statements of historical fact relating to the company, this news
release may contain certain "forward-looking information" within the meaning of
applicable securities law including opinions, assumptions, estimates and
management's assessment of future plans and operations, budgeted capital
expenditures and funding thereof. Forward-looking information in this news
release is characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate", and other similar words, or statements that
certain events or conditions "may" "will" or "could" occur. There are
uncertainties inherent in forward-looking information, including factors beyond
Shelton's control, and no assurance can be given that such events will occur on
time or at all. BOEs may be misleading, particularly if used in isolation. A BOE
conversion ratio of 6 Mcf: 1 bbl is based on an energy equivalency conversion
method primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.