Shoreham shareholders appoint five-member board at AGM

Shoreham Resources Ltd (C:SMH)
Shares Issued 64,559,298
Last Close 2/18/2010 $0.29
Friday February 19 2010 - News Release

Mr. David Bending reports

SHOREHAM AGM RESULTS AND WARRANT EXTENSION

Shoreham Resources Ltd. held its annual general meeting (the AGM) in Langley, B.C., on Monday, Feb. 15, 2010. The following directors were elected at the AGM and at a subsequent Board of Directors meeting, the following reconstitutions and/or appointments were made:

David Bending Director, Chairman of the Board, President, Chief Executive Officer, Chairman and Member of the Technical Committee, Member of the Audit Committee and Member of the Plan of Arrangement Committee;

Glenn O'Gorman Director, Vice President, Chief Operations Officer, Chairman and Member of the Corporate Governance Committee, Member of the Compensation Committee and Member of the Technical Committee;

Terence Schorn Director, Member of the Audit Committee, Member of the Compensation Committee, Member of the Corporate Governance Committee, Member of the Technical Committee and Member of the Plan of Arrangement Committee;

Greg MacRae Director, Chairman and Member of the Audit Committee, Chairman and Member of the Plan of Arrangement Committee, Member of the Compensation Committee and Member of the Corporate Governance Committee;

Dave Jenkins Director, Chairman and Member of the Compensation Committee, Member of the Audit Committee, Member of the Corporate Governance Committee, Member of the Technical Committee and Member of the Plan of Arrangement Committee;

Peter Guichon Chief Financial Officer;

Karmelle Yakimovitch Corporate Secretary; and

Brent McNiven Vice President of Operations (South America).

David Bending, M.Sc., P.Geo., President and Chief Executive Officer of Shoreham Resources Ltd., the Board of Directors and the shareholders of the Company wish to thank Mr. James Norris for his services to the Board of Directors over the past year.

DeVisser Gray LLP, chartered accountants, were appointed as auditors for the Company. The Company's 10% rolling stock option plan, originally approved by the shareholders of the Company on December 31, 2008, was ratified by the shareholders of the Company at the AGM in accordance with the requirements of the TSX Venture Exchange.

Shareholders representing 44.1% of the issued and outstanding shares of the Company attended the AGM in person or by proxy and confirmed all matters as proposed to the shareholders in the Company's management information circular in respect of the AGM.

WARRANT EXTENSION

The Company is also pleased to announce that the TSX Venture Exchange (the "Exchange") has accepted the Company's application to extend the expiry date of 3,173,500 common share purchase warrants of the Company (the "Extended Warrants") issued as part of a private placement financing closed in separate tranches on August 19, 2008 and October 7, 2008 (as announced in the Company's news releases of August 20, 2008 and October 7, 2008). The Extended Warrants were due to expire on February 19, 2010 and April 7, 2010. The expiry date of all Extended Warrants has been extended to February 19, 2011. The other terms and conditions of the Extended Warrants, including the exercise price of $0.35 per Share, remain unchanged.