11:46 EDT Friday, May 01, 2009

TORONTO, May 1 /CNW/ - Sheltered Oak Resources (TSX Venture: OAK) announced today that, it has retained CHF Investor Relations (Cavalcanti Hume Funfer Inc., "CHF"), Canada's only Investors Relations ("IR") firm whose management team's combined experience accounts for a full century working in brokerage, trading, financial analysis, and investment sales, over and above another century of individual experience in investor relations.

Robert K. Hanson, Sheltered Oak Resources' CEO, commented, "We are delighted to have engaged CHF as our investor relations counsel. Having known Cathy Hume from our 'Bay Street' days, it'll be a real pleasure to be working together with her team. The next 12 months will be especially exciting and revealing for OAK as we move, through exploration, toward an updated NI 43-101 and resource estimate and model."

Effective immediately, the IR services agreement is for a fixed term of twelve months, subject to a satisfactory performance review at the six-month mark. In the absence of termination notice, services may continue past April 30, 2010, on a month by month basis allowing for cancellation upon three months' termination notice by either party. The agreement compensates CHF with monthly fees at C$5,000 and incentive stock options. The Company has granted CHF in the amount of 150,000 stock options exercisable at C$0.20 per share on the TSX Venture Exchange for a period of three years which is the same duration as those granted to directors of the Company this year. Further, 50% of these options shall vest at six months following the date of execution of the IR Agreement and the other 50% at twelve months. All options are subject to cancellation 30 days after termination of the IR contract as dictated by the TSX Venture Exchange for Tier 2 Issuers.

About CHF Investor Relations

CHF's effective role is acting as the public company's outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of TSX / Venture-listed companies and others that may seek to list on North American Exchanges that operate in a broad range of industries including mining exploration and producers, oil & gas, high-tech, industrial and business solutions and products, niche financial products, and "green" companies. The depth of capital market experience is formidable dating back to the late 1970's. CHF's head office is in Toronto, with another Canadian office in Calgary; as well as branch offices in New York, USA; São Paulo, Brazil; and Shanghai, China.

About Sheltered Oak Resources Corp.

Sheltered Oak Resources is a British Columbia corporation with its head office located in Oakville, Ontario. OAK is focused on mineral exploration opportunities within Canada and currently has an option agreement with Sage Gold Inc. (TSX-V: SGX) to acquire a 55% interest in the Kerrs Gold Property located in the prolific area of the Abitibi Greenbelt, northeastern Ontario, a region with a long and active mining history.