Silver Shield Acquires Key Land Position In Hislop Township

    




 BURLINGTON, ON, March 15, 2012 /CNW/ - Silver Shield Resources  (SSR-TSXV) has acquired  21 mining claim units in Hislop Township  approximately 7 km SE of Matheson Ontario. The former major producer  Ross Gold Mine (8 million tonnes @0 .15 oz/t Au) is located  approximately 6 km E and SE of the claims, and the Canadian Arrow Mine  is located 4 km to the SW.  Currently operating in the area is the  Black Fox Mine (12.25 million tones @ 4.93 g/t Au) of Brigus Gold  (BRD-TSX) along with their new Grey Fox Zones (6.33million tones @ 2.82  g/t Au) located 3-5 Km E and NE of the new additions. St Andrew  Goldfields' (SAS-TSX) operating Hislop Mine stands between the Ross and  Grey Fox zones. Stroud Resources (SDR-TSX-V) and Mexivada (MVN-TSX-V)  are currently active in the area. 

 Tim Towers, CEO commented "While the company maintains a production  focus, these grassroots claims represent a low cost entry in an area  which the company believes can be the next major gold play in Canada.  The outright purchase with no additional payments secures our place in  the area." 

 Surface exploration work, including, mapping, trenching, Magnetic and  deep penetration IP surveys are planned for late 2012. 

 Terms of the Agreement: Silver Shield acquires 100 % interest in the 21 claim group Silver Shield pays the vendors a total of $ 6,000.00 and will issue the  vendors 2,200,000 common shares .(2205730 Ontario Inc. $ 4,000 and  1,100,000 shares and 2125930 Ontario Limited $2,000 and 1,100,000  common shares.) The vendors retain a 2% NSR on all production from the claims subject to  a 1 % buyback option for a sum of $ 1,000,000 The Agreement is subject to regulatory approvals. 

 Other Business: The company has secured a short term loan by way of a promissory note in  the amount  of $26,000, due and payable with accrued interest on  September 5, 2012. Security on the note is the company's interest in  its Lost Dog Property. 

 The company wishes to announce the resignation of NR McLeod CA of North  Bay, Ontario as company auditor. NR McLeod has been with the company at  its inception. Ross Pope and Company of Kirkland Lake Ontario has been  appointed new auditors. 

 Mr. Greg Boone has announced his resignation from the board due to his  inability to devote the time he wishes due to the time constraints of  his other business interests. The remaining board members wish him well  for the future. 

 The TSX Venture Exchange has not reviewed and does not accept  responsibility for the adequacy or accuracy of this news release. 

Silver Shield Resources Corp.


CONTACT:  Tim Towers, CEO at (289)-337-6162Email: [e-mail] 


    

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