Press Releases

Shane Resources Ltd. Announces Grant of Stock Options

Monday, 01 February 2010 16:56 Written by Shane Resources Ltd.

February 1, 2010 – Saskatoon, Saskatchewan – Shane Resources Ltd. (SEI – TSX Venture) Shane Resources Ltd. ("Shane Resources") announces that it has granted an aggregate of 1,300,000 stock options to purchase common shares (the "Options") to directors and officers of Shane Resources. The Options have an exercise price of $0.11 per common share and are exercisable for a period of ten years expiring on January 15, 2020 in accordance with Shane Resources’ stock option plan as approved by shareholders at the annual general and special meeting held in December 2, 2009. All of the Options vest immediately.

Shane Resources Ltd. Announces Election of Directors

Wednesday, 09 December 2009 16:59 Written by Shane Resources Ltd.

December 9, 2009 – Saskatoon, Saskatchewan – Shane Resources Ltd. (SEI – TSX Venture) Shane Resources Ltd. ("Shane Resources") is pleased to announce that Mr. Steve Rogoschewsky and Mr. Michael Der have been elected to the board of directors of Shane Resources by the shareholders of Shane Resources, subject to regulatory approval. Mr. Rogoschewsky is the Chief Executive Officer and a founder of Blacksun Inc., a successful, privately held Information Technology services provider, which is the largest web-hosting company in Saskatchewan. Mr. Der, B.Comm., LL.B., is an associate at the Calgary office of Davis LLP specializing in securities law, corporate finance and Mergers and Acquisitions. Kyle Kozuska, President of Shane Resources said, "We are very pleased to add Mr. Rogoschewsky and Mr. Der to the board of directors of Shane Resources. Their business and operational experience and technical expertise will be of considerable value to the Board and will keep the Board well positioned to guide Shane Resources in its future endeavors.” Mr. Kozuska also added that “On behalf of all of the management of Shane Resources and the incoming Board members, I would like to thank Mr. Derrek Fahl and Mr. Gary Meschishnick for their past service."

Star Uranium Corp., Shane Resources Ltd. and United Uranium Corp. Announce the Appointment of Interim President and Chief Executive Officer

Monday, 08 December 2008 17:02 Written by Shane Resources Ltd.

December 8, 2008 - Saskatoon, Saskatchewan. Star Uranium Corp. (SUV-TSX Venture), Shane Resources Ltd. (SEI-TSX Venture) and United Uranium Corp. (UUC-TSX Venture) (collectively the “Corporations”) are pleased to announce that Mr. Kyle Kozuska, CIM, CFA has been appointed as Interim President and Chief Executive Officer.

Mr. Kozuska stated: “My focus as Interim President will be in defining the best options and strategy for all of our land interests. We are securely financed and continue to focus on conserving shareholder capital. I look forward to updating shareholders with our progress.” Mr. Kozuska is the President and Portfolio Manager of Paradigm Portfolio Management Corporation, as well as a director of each of the Corporations. Mr. Kozuska graduated from the University of Saskatchewan with a Bachelor of Commerce with a double major in Finance and Economics. Mr. Kozuska worked in the investment management business at both CIBC Wood Gundy, and Merrill Lynch Canada Inc. (formerly Midland Walwyn), before founding Paradigm Portfolio Management Corporation.

Caution Regarding Forward-Looking Statements Certain statements in this press release may contain “forward-looking statements” within the meaning of securities legislation. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed in such forward-looking statements. All forward-looking statements contained in this press release are based on the Corporations’ current beliefs as well as assumptions made by and information currently available to the Corporations concerning exploration plans, development, strategies and mining activities. When relying on our forward-looking statements to make decisions with respect to the Corporations, investors and others should carefully consider the foregoing. Star and United do not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Corporations or on their behalf. More information about risks and uncertainties affecting the Corporations and their business is available in the Corporations’ regulatory filings which are posted on sedar at www.sedar.com.

United Uranium Corp., Star Uranium Corp., and Shane Resources Ltd. Announce the Appointment of a Director

Tuesday, 19 August 2008 17:10 Written by Shane Resources Ltd.

August 19, 2008 – Saskatoon, Saskatchewan - United Uranium Corp. (UUC-TSX Venture), Star Uranium Corp. (SUV-TSX Venture), and Shane Resources Ltd. (SEI-TSX Venture) (collectively the “Corporations”)

are pleased to announce the appointment Derrek Fahl as a director of the Corporations. Derrek Fahl, B.Comm, LL.B, is a director of Wallace Meschishnick Clackson Zawada LPC. Derrek graduated from the University of Saskatchewan with a Bachelor of Commerce and a Bachelor of Laws. Derrek is a member of the Law Society of Saskatchewan. His legal practice focuses on corporate finance and mergers and acquisitions.

The Corporations are also announcing that Mr. Eric Wray has resigned as director of the Corporations for personal reasons effective immediately, and wish to express their gratitude for his contributions to the Corporations and wish him success in his future endeavors.

United Uranium Corp., Star Uranium Corp., and Shane Resources Ltd. Announce Resignation of President and CEO

Friday, 30 May 2008 00:00 Written by Shane Resources Ltd.

May 30, 2008 – Saskatoon, Saskatchewan - United Uranium Corp. (UUC-TSX Venture), Star Uranium Corp. (SUV-TSX Venture), and Shane Resources Ltd. (SEI-TSX Venture) (collectively the “Corporations”)

announced today that Mr. Eric Wray has resigned as President and CEO of the Corporations for personal reasons effective immediately. The Corporations would like to thank Mr. Wray for his past contributions.

The Corporations expect the appointment of an interim President and CEO will occur shortly.

The Corporations are Canadian based entities focused on the strategic acquisition and development of uranium, diamond and other precious metal properties on a worldwide basis.