Richbert Agencies S.A. Acquires Additional Shares of Sheltered Oak Resources Corp.

BERMUDA, Dec. 23 /CNW/ -- 
BERMUDA, Dec. 23 /CNW/ - Richbert Agencies S.A. ("Richbert") reports that it has purchased through a private placement 5,000,000
 units ("Units") of Sheltered Oak Resources Corp. ("Sheltered Oak") comprising of 5,000,000 common shares ("Common Shares") and 2,500,000 Common Share purchase warrants ("Warrants") at a price of $0.105 per Unit. Each Warrant entitles the holder
 thereof to acquire one Common Share at a price of $0.135 until June 21,
 2012.


Before the acquisition, Richbert held 1,250,000 Common Shares of
 Sheltered Oak and 5,000,000 Warrants. Richbert therefore now owns
 6,250,000 Common Shares representing 8.2% of the issued and outstanding
 Common Shares of Sheltered Oak and 7,500,000 Warrants. Assuming the
 exercise of all 7,500,000 Warrants Richbert and its joint actor would
 own in the aggregate 14,557,689 Common Shares representing
 approximately 17.2% of the then issued and outstanding Common Shares.


The securities were acquired for investment purposes. Richbert intends
 to purchase an additional 2,100,000 units of Sheltered Oak at a price
 of $0.09 per unit. Richbert will evaluate its investment in Sheltered
 Oak from time to time and may, based on such evaluation of market
 conditions and other circumstances, increase or decrease shareholdings
 in Sheltered Oak as circumstances require.


For further information and to obtain a copy of the early warning
 report, filed under applicable Canadian securities laws in connection
 with the transaction hereunder, please see Sheltered Oak's profile on
 the SEDAR website at www.sedar.com.



Neither the TSX Venture Exchange nor its Regulation Services Provider
 (as that term is defined in the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.


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pRichbert Agencies S.A.br/ 1 St. James Crescentbr/ #4 St. James Villagebr/ Hamilton Parish FL04 Bermudabr/ [phone]/p

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