Young-Shannon Gold Mines, Limited Announces Corporate Name Change to "Metallum Resources Inc."

Young-Shannon Gold Mines, Limited (TSX VENTURE:GYS) (the "Corporation")
announces that effective at the opening of trading on the TSX Venture Exchange
on July 11, 2008, the Corporation will trade under its new name "Metallum
Resources Inc." under the new symbol "MRV". The Corporation's shareholders voted
96.38% in favour of the corporate name change at the Corporation's Annual
General and Special Meeting held on July 3, 2008.


Corporate re-branding will commence immediately and continue over the near term.
This will include a new website and website address.


Metallum Resources Inc. is a precious metals exploration company which holds a
group of 11 patented and 18 unpatented claims within Chester Township located
west of Highway 144 midway between Sudbury and Timmins, Ontario. It has an
option to earn a 60 % interest in the McMillan Gold Mine property, located 75
kilometres southwest of the Greater City of Sudbury, and it also has an option
to earn a 70% interest in the M-18 gold property in Argentina. The Company has
53,803,828 common shares outstanding.


Further details may be obtained from our website: www.youngshannon.com.
Interested parties may utilize this website, which eventually will be linked to
the Corporation's new website, once completed.


This press release contains certain forward-looking statements. While these
forward-looking statements represent our best current judgment, they are subject
to a variety of risks and uncertainties that are beyond the company's ability to
control or predict and which could cause actual events or results to differ
materially from those anticipated in such forward-looking statements.
Accordingly, readers should not place undue reliance on forward-looking
statements.


No stock exchange, securities commission or other regulatory authority have
approved or disapproved the information contained herein.