this is from sedar April 2

Form 51-102F2

The successful closings of five non-brokered private placements and one brokered private

placement for total proceeds to the Company of $2,961,475 in non flow-through funds, and

$1,650,000 in flow-through funds;

The completion and SEDAR filing of a Technical Report compliant with the disclosure standards of

NI 43-101 documenting the Marudi Gold Project in Guyana;

Negotiation and acquisition of a 100% interest in the highly-prospective Five Star Gold Property in

Guyana, and the subsequent signing of an letter of intent with Mulgravian Ventures Corporation

(“Mulgravian”), a privately held company, whereby Mulgravian may acquire a 51% working interest

in the Five Star Gold Property by investing US$2,000,000 in exploring and advancing the property

within four years of TSX-V approval of the transaction;

An agreement for the 10,880 acre Sardine Hill-Mariwa property (the “Sardine Hill Property”) in

Guyana where the Company has the right to acquire 100% interest in a Guyanese corporation

which has recently applied for a prospecting licence, and the subsequent signing of a letter of

intent whereby Mulgravian may acquire a 51% working interest in the Sardine Hill Property by

investing US$3,000,000 in exploring and advancing the property over three years;

An agreement with Escape Gold Inc. (“Escape”) and MacDonald Mines Exploration Ltd. where

Escape was granted an option to acquire Shoreham’s remaining 40% in the Bearskin Lake-

Sachigo property in Ontario;

Negotiation and acquisition of a 100% interest in the Bear Head Trend Claims in the Favourable

Lake Area, Red Lake Mining Division, northwestern Ontario on June 12, 2009.

Negotiation of agreements with First Nations interests in May and June 2009, which allow the

Company to resume exploration activities on its Ontario properties;

On September 22, 2009, the Company announced it had received approval for the issuance of 4

additional prospecting licences, whereby the Guiana Shield Resources Inc. option agreement is

now composed of 17 prospecting licence areas;

Romanex Guyana Exploration Inc. (“Romanex”) was awarded the Paint Mountain Prospecting