Shelton Announces Completion of Private Placement

Shelton Canada Corp. ("Shelton") (TSX VENTURE:STO) is pleased to announce that
it has received final acceptance from the TSX Venture Exchange for a
non-brokered private placement of 333,333 units ("Units") at a price of $0.15
per Unit for total proceeds of $50,000 (the "Private Placement"). Each Unit is
comprised of one (1) common share and one (1) common share purchase warrant
("Warrant"). Each Warrant entitles the holder to purchase one (1) additional
common share of Shelton at a price of $0.25 per common share for a period of one
(1) year following the date of closing.


Shelton intends to use the proceeds from the Private Placement for working
capital purposes.


The securities issued pursuant the Private Placement are subject to a hold
period expiring on March 11, 2009.


About Shelton Canada Corp.

Shelton Canada Corp. is an internationally focused junior oil and gas
exploration and development company, headquartered in Calgary, Alberta and
listed on the TSX Venture Exchange. Shelton's primary operations are in Ukraine.
The company's five-year goal is to work strategically with its regional partners
to become the leader in oil and gas production from Ukraine's resource-rich Azov
and Black Sea hydrocarbon basins. A 50-percent Joint Investment Agreement
(J.I.A.) with Chernomorneftegas, a leading Crimean oil and gas company, gives
Shelton the opportunity to develop concessions in the offshore properties of
Biryuchya and North Kerchenskaya. A strategic partnership with Ukrnafta,
Ukraine's largest oil and gas company, provides Shelton with 45 per cent
participation in the Kashtan Petroleum Joint Venture and operations in the
Lelyaki oil field.