CSP

Canadian Shield Resources Inc. (TSX VENTUERE:CSP) ("Canadian Shield" or the
"Company") is pleased to announce that Southern Peru Copper - Surcusal del Peru
("Southern Peru"), the Peruvian branch of Southern Copper Corporation has
completed a 9 hole, 3,428 metre diamond drilling campaign on the Company's Cerro
Cori Property located in the Department of Ayacucho in southern Peru.




Significant intersections from the program are:

Drill Hole         From          To       Length (metres)       Copper %
------------------------------------------------------------------------
CO-03               126         174                   48            0.36
Including           132         156                   24            0.58



The mineralization in hole CO-03 appears to be stratigraphically controlled
occurring in a porous, fragmental pyroclastic volcanic rock variably altered by
silica and clay. Copper minerals comprise covelite and bornite with a trace of
chalcopyrite. No appreciable precious metals were recognized in any of the nine
core holes.


Cerro Cori is considered a relatively high risk exploration play where a very
large (+20 sq km) alteration zone forms a "lithocap" or zone of silica-clay
alteration which contains very little anomalous metal at surface. Large
copper-gold porphyry and high sulfidation gold-silver systems may have such
lithocaps preserved, overlying the productive part of the system. Abundant
native sulphur and barren pyrite in the drill core also indicates much of the
drilling did not penetrate depths below the paleo-water table where base and/or
precious metals would typically be found.


"While one significant intercept out of nine holes is not considered highly
successful drill results, Canadian Shield feels this limited success is
encouraging. Geologic and geochemical vectors point south, down dip of both
structure and stratigraphy and to a large low lying area adjacent to the
recently completed drilling. Further drilling in this area will benefit from
starting holes some 200 metres lower in elevation the recent drilling, thus
increasing the odds of intersecting porphyry style copper +/- gold
mineralization" said Phil Anderson, VP Exploration.


Southern Peru began drilling February 2, 2008 and terminated the last hole June
8, 2008. Difficult climatic conditions (typical of the Peruvian Andes rainy
season) were largely responsible for the relatively slow progress of the
program. Under terms of the earn-in agreement between Southern Peru and Canadian
Shield, Southern Peru was obligated to spend $350,000 during the first year of
exploration which was completed. In addition Southern Peru paid Canadian Shield
US$150,000 in 3 cash payments. Canadian Shield received the letter of
termination of the earn-in agreement on July 18 and received final report
materials on July 31, 2008.


"We greatly appreciate the hard work and fortitude shown by Southern Peru
required to complete this program. They did an excellent job on environmental,
archaeological and community relations issues and have left the property in good
standing" added Mr. Anderson.


Canadian Shield also announces a change to its Board of Directors. The Company
would like to thank Leonard De Melt for his support and contributions over the
years as he stepped down from the Board on August 13, 2008.


Investors are invited to visit the Canadian Shield IR Hub at
http://www.agoracom.com/IR/CanadianShield where they can post questions and
receive answers or review questions and answers already posted by other
investors. Alternatively, investors are able to e-mail all questions and
correspondence to CSP@agoracom.com where they can also request to be added to
the investor e-mail list to receive all future press releases and updates in
real time.


About Canadian Shield Resources Inc. (TSX VENTURE:CSP)

Canadian Shield acquires and explores strategically-located precious and base
metal properties in South America. The Company currently controls a portfolio of
eight exploration properties located in Peru and Chile. Canadian Shield will
continue to focus on project generation and joint venture opportunities to
provide shareholders with interests in a broad portfolio of South American
mineral properties. The Company's shares are listed on the TSX Venture Exchange
(Trading Symbol TSX VENTURE:CSP). Further information is available at Canadian
Shield's website: www.canadianshieldresources.com


STATEMENTS IN THIS PRESS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION,
INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR
EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING
STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS
AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT,
ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING
STATEMENTS.

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