TORONTO, ONTARIO--(MARKET WIRE)--Apr 21, 2008 -- David A. Bending, President and CEO of Shoreham Resources Ltd. (CDNX:SMH.V - News) is pleased to announce that the Company has filed a price reservation Form 4A with the TSX Venture Exchange for a non-brokered private placement. The private placement is expected to raise $1,100,000 by the issuance of 4,400,000 common shares at $0.25 per share and each share will come with a full warrant. Each warrant entitles the purchaser to obtain one common share at a price of $0.40 for a period of 18 months from the closing date of the Private Placement. The warrants have an early expiration provision which allows Shoreham to news release an earlier expiry date of 30 days from the news release date if the shares have traded for $0.60 or more per share for 20 consecutive trading days. The closing date is expected to be on or by April 30, 2008. Finder's fees in cash and / or shares as allowed by the TSX Venture may be paid pertaining to this private placement. The Company has 39,512,300 shares issued and outstanding prior to the shares to be issued as a result of this private placement.

Proceeds from this private placement will be used to meet ongoing corporate working capital requirements including the funding of the Company's ongoing exploration programs in Canada and Guyana.

Investors are invited to visit the Shoreham Resources IR Hub at www.agoracom.com/IR/Shoreham where they can post questions and receive answers or review questions and answers already posted by other investors.

The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy or accuracy of this news release.

     Contacts:
     Shoreham Resources Ltd.
     David A. Bending
     President and CEO
     (416) 867-1101
     (416) 867-1222 (FAX)
     Email: dabending@cs.com
     Website: http://www.shoreham.ca