Sheltered Oak Resources Corp. Grants Stock Options

Fri Jun 17, 2011 8:31am EDT

* Reuters is not responsible for the content in this press release.

  TORONTO, ONTARIO, Jun 17 (MARKET WIRE) -- 
Sheltered Oak Resources Corp. ("OAK" or the "Company") (TSX VENTURE: OAK)
announces that on May 26, 2011 it granted stock options to directors and
officers of OAK to purchase in the aggregate up to 2,705,000 common
shares ("Common Shares") in the capital of OAK at an exercise price of
$0.11 per Common Share. The stock options will expire on May 26, 2016.
The options were granted pursuant to OAK's incentive stock option plan,
under which a maximum of 10% of the issued and outstanding Common Shares
are reserved for issuance. The vesting period is 1/3 immediately, 1/3
after 6 months and 1/3 after 12 months.

    On May 30, 2011 the Company also granted stock options to J.J. Elkin to
purchase in the aggregate up to 1,750,000 Common Shares in the capital of
OAK at an exercise price of $0.13 per Common Share as part remuneration
for his continued services as President and Chief Executive Officer
through Richbert Agencies S.A. The vesting period is 1/3 immediately, 1/3
after 6 months and 1/3 after 12 months.

    The current number of issued and outstanding Common Shares is 95,049,234.

    ABOUT SHELTERED OAK RESOURCES CORP.

    Sheltered Oak Resources Corp. is focused on mineral exploration
opportunities in northeastern Ontario and owns a 100% interest in 26
mining claims, one mining claim under option and one mining lease which
comprise the Kerrs gold property located approximately 90 kilometres
east-northeast of Timmins and 70 kilometres north of Kirkland Lake.

    Neither the 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:
Sheltered Oak Resources Corp.
J.J Elkin
President and CEO
416-628-5802
416-628-5051 (FAX)
jj@shelteredoak.com

Sheltered Oak Resources Corp.
Art Hampson
Chief Financial Officer
416-628-5802
416-628-5051 (FAX)
ahampson@shelteredoak.com

CHF Investor Relations
Jeanny So
Director of Operations
416-868-1079 ext. 225
416-868-6198 (FAX)
jeanny@chfir.com

Copyright 2011, Market Wire, All rights reserved.

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