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Trading Symbol: TSX-V OAK


TORONTO, Dec. 30 /CNW/ - Sheltered Oak Resources Corp. ("OAK" or the "Company") (TSXV: OAK) today announced the completion of a Private Placement (the "Private
Placement") for aggregate proceeds of $189,000, consisting of 2,100,000
units of the Company (the "Units") at a price of $0.09 per Unit. Each
Unit is comprised of one common share in the capital of the Company (a
"Common Share") and one-half of one Common Share purchase warrant (each
whole warrant, a "Warrant"). Each whole warrant shall entitle its
holder to acquire a Common Share at an exercise price of $0.12 per
share for a period of 18 months from the date of closing. The common
shares issued are subject to a four-month hold ending April 30, 2011.
Richbert Agencies S.A. subscribed for the full Private Placement and,
with this issuance, Richbert now holds 10.6% of the 78,487,235 issued
and outstanding shares of the Company.


ABOUT SHELTERED OAK RESOURCES CORP.


Sheltered Oak Resources Corp. is focused on mineral exploration
opportunities within Canada and owns a 100% interest in 42 mining
claims including one mining lease totaling 4,672 hectares which
comprise the Kerrs Gold Property, located in the prolific area of the
Abitibi Greenstone Belt in northeastern Ontario.



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.