Shoreham Receives Conditional Exchange Approval and Closes Second Private Placement Financing at $0.30 Per Share

LANGLEY, BRITISH COLUMBIA, May 25 (MARKET WIRE) --
Shoreham Resources Ltd. (TSX VENTURE: SMH), a Canadian exploration
company dedicated to the exploration of advanced precious metal and
polymetallic deposits in Guyana and Canada, is pleased to announce
Conditional Approval from the TSX Venture Exchange for a private
placement financing to raise up to $1,000,000 as News Released on April
30, 2009. The financing raised $770,100 in total from the sale of
2,567,000 units at a price of $0.30 per unit. The sales of these units
consist of the issuance of 2,567,000 common shares of Shoreham Resources
Ltd. along with 1,925,250 warrants attached to purchase one further
common share of Shoreham Resources Ltd. at a price of CDN $0.60 per share
within one (1) year of the date of Exchange Approval of the private
placement, and 641,750 warrants attached to purchase one further common
share of Shoreham Resources Ltd. at a price of CDN $ 1.20 per share
within two (2) years of the date of Exchange Approval of the private
placement. The Company had 50,792,300 shares outstanding prior to this
financing News Release. No insiders participated in this financing.

Upon receipt of TSX Venture Exchange Final Approval, Shoreham Resources
will pay Finders Fees in the aggregate amount of $41,346 in cash and
issue 132,000 Broker Warrants to Granite Associates Ltd., Dundee
Securities Corporation, and Murray F. Macham. The Broker Warrants enable
the holder to purchase one common share of the company for $0.45 for a
period of one (1) year.

Shoreham Resources is a Canadian based exploration company listed and
trading on the TSX-V exchange under the trading symbol "SMH" with
molybdenum, silver and uranium targets in Canada and recent discoveries
on our Black Banana and Marudi Mountain gold projects in Guyana.

David Bending, President and CEO of Shoreham Resources Ltd., states,
"Shoreham is pleased to have been able to attract this significant
investment in our Company under current economic conditions. The Company
will be using the funds generated from this financing to fund ongoing
corporate expenses and to advance both our Ontario Properties and
Guyanese gold, diamond and PGM projects."

For further information please visit our website at www.shoreham.ca or
contact our President and CEO, Mr. David A. Bending at 604-533-9288. You
may also go to www.agoracom.com where you can view comments posted on
their site or contact our Investor Relations Representative, Mr. Mike
Kachanovsky via email at mkachanovsky@shoreham.ca or Pro-edge Consultants
Inc., Tracy Weslosky, at 1-416-581-1717 or via email at
tracy@proedge.com.

Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.

Contacts:
Shoreham Resources Ltd.
David A. Bending
President, CEO
(604) 533-9288
(604) 533-9296 (FAX)
dabending@shoreham.ca
www.shoreham.ca

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