Toronto, Ontario--(Newsfile Corp. - November 4, 2013) - Shield Gold Inc. (TSXV: SHG) ("Shield"or the "Corporation") announces that the existing Agreement between
Shield and Eloro Resources Ltd. ("Eloro"; TSXV: ELO) with regard to La Grande
Nord Property (the Summit-Gaber property) located in the Baie James region of
Québec has been amended.
This amendment allows Shield to extend, by one year, the dates
for work commitments and remaining payments under the terms of the original
agreement and its first amendment. As consideration for the extensions granted
by Eloro, Shield has agreed to issue an additional 100,000 common shares to
Eloro, subject to TSX Venture Exchange approval.
About Shield Gold Inc.: Shield is a junior exploration
company involved in the discovery and development of high quality mineral
resources. The Corporation's graphite exploration programs, in the Buckingham
and Lochaber Townships of, are located in the Central Metasedimentary Belt of
the Grenville geological province. The region is noted in historical reports as
hosting occurrences of disseminated flake and, locally, vein or lump graphite.
Graphite was mined from several deposits in the late 19th and early
20th Centuries. Shield's land position includes more than 70 mining
claims representing some 3,500 hectares in four separate blocks. They are easily
accessible, connected by paved road and lie within 15 km of each other. As
mentioned above, the Corporation has also entered into option and joint venture
agreements with Eloro Resources Inc. on the Summit-Gaber property located in the
La Grande Greenstone Belt in the Baie James region of Québec. Further
information regarding Shield can be found on the Company's website at: www.shieldgold.com.
For more information, please contact:
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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