Silver Shield Corporate Update

BURLINGTON, ON, May 24, 2011 /CNW/ -- 
BURLINGTON, ON, May 24, 2011 /CNW/ -


Tim D. Towers Reports


With the volatility of the precious metal markets, especially in Silver,
 the junior securities market has been very weak in the past short
 while. With falling metal prices and falling stock prices the
 investment market is a bit uncertain and tentative at present. Silver
 Shield continues to progress its properties with the overall goal of
 production remaining paramount and unwavering. We are pleased to
 provide the investment community with an update on our efforts.


Welsh Silver Mine Elk Lake Ontario


A planned minimum drilling program of 1,200 metres has been recently
 completed and samples have been sent for assay. The drill program
 recently completed totaled 1,268 metres in ten (10) drill holes. Seven
 of these holes were drilled in the SE portion of the property to test
 for new high grade veins and extensions of  the veining  discovered in
 our Phase II drilling. The area tested is immediately south of the
 Amador Gold (AGX-V) Silverclaim Lake property. The three remaining
 holes were drilled in the vicinity of the Welsh Silver Mine to try to
 target extensions of veining previously discovered as well as new
 silver bearing veins. Amador  previously announced a drill program in
 the Silverclaim Lake Area and Silver Shield awaits their drilling
 results. It is Silver Shield's belief that the area drilling by two
 companies in this historic silver mining region bodes well for the
 future of the Elk Lake play. Indeed Tim D Towers commented "with the
 drilling being done we are hopeful that the area can be rejuvenated
 once again. The history of mining here, and the still very good silver
 price, has us very optimistic for the future of the Welsh Silver Mine
 and surrounding properties." To better help us in our future
 development of the area, a survey of the property has recently been
 concluded. This survey was commissioned by Silver Shield to expand our
 data base  in the area and to target old drill holes, elevations,
 adits, ramps and  the shafts present. All drill data, survey data and
 other surface work will be used to upgrade our previous 43-101
 Technical report previously done by Silver Shield.


Lost Dog Gold Property Timmins Ontario


On our previous release dated November 28, 2010 the company elucidated
 investors on the results of the western portion of our line cutting
 surface work and Magnetic and IP surveys on the property. The surveys
 and work on the first phase showed a large area of low magnetic
 intensity crossing the property from east to west that may represent
 the extension of the prolific Porcupine-Destor fault zone (PDFZ)
 through the property, or a splay structure off of it. The company has
 now completed line cutting on the full property and  will immediately
 commence the complete Magnetic and IP survey on the remainder of the
 property. It is hoped that this new survey will extend the area of low
 magnetic intensity across the rest of the property. It is the company's
 belief that this extension will be a significant development for this
 property.


Other Timmins Properties


Minimal surface work has been done on the other Timmins Properties with
 surface sampling, prospecting and line cutting planned for the summer
 and fall exploration period. At the present time the Lost Dog IP and
 Magnetics is the main scope of the Timmins work.


Sandeb Gold Property Deal


The Sandeb Property deal previously announced is still before the TSX
 Venture Exchange. Mr John Carter, President of Trueclaim, and a
 director of Silver Shield Resources Corp., is a non-arms length
 participant in the transaction and as such the Exchange will review the
 materiality of the deal. Silver Shield expects no problems with this
 review and will announce the acceptance if and when given by the
 Exchange.


Mexican Update


The company continues sourcing and reviewing high grade projects in
 Mexico. La Cumbre and Jaripo are being maintained till funding becomes
 available for further drilling. The Company is in the process of
 sourcing technical personnel to prepare a 43-101 Technical Report on
 the La Cumbre Mine Property. The La Cumbre Mine has had some historic
 small gold and silver production and the company believes in its near
 to mid-term potential. It is felt that the preparation of a recognized
 43-101 Technical Report will aid in the future development of the La
 Cumbre Mine and required capital procurement. The company is actively
 pursuing two advanced projects within the company mandate of acquiring
 near to mid-term production assets.


However while Silver Shield is hopeful these properties can be brought
 into the fold, there is no expectation of certainty or time frame of
 success.


Neither the TSX Venture Exchange nor its Regulation Services Provider
 (as that term is defined on the policies of the TSX Venture Exchange)
 accepts responsibility for the adequacy or accuracy of this release.
 Company Management, which takes full responsibility for content,
 prepared this news release. In order to proceed fully with the
 Company's exploration and acquisition plans, additional funding may be
 necessary and, depending on market conditions, this funding may not be
 forthcoming on a schedule or on terms that facilitate the Company's
 plans.


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p  /p p bSilver Shield Resources Corp./b /p p Tim Towers, President and Chief Executive Officerbr/ Donald Shaxon, Manager of Corporate Development, [phone]br/ a href="http://www.silvershieldresources.com"www.silvershieldresources.com/a   email: a href="mailto:[e-mail]"[e-mail]/abr/ Phone: [phone]      Fax:  [phone] /p 

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