Company Overview

Sheltered Oak Resources, Inc. engages in gold and silver mining and exploration. The company is based in Canada.

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Wahgoshig First Nation and Sheltered Oak Resources Inc. and Sage Gold Inc. announced that they have signed a Memorandum of Understanding (MOU) committing to an ongoing relationship between the WFN and the Companies' with respect to the Sage and Oak joint venture in the Kerrs gold property. The MOU establishes the foundation for a positive and mutually beneficial relationship between WFN, Oak and Sage by setting out the terms applicable to the parties upon signing of the MOU. The terms of the MOU include consulting and advisory services by the WFN, training, ongoing communication, financial contribution to the WFN community, an allocation of OAK shares and subject to Regulatory approval a grant of stock options in Sage to WFN. In addition, WFN and the Companies have agreed to negotiate an Impact Benefits Agreement (IBA), should the project proceed to the operational stage. Jokal