TORONTO, ONTARIO -- (MARKET WIRE) -- May 10, 2007 -- Mr. David A. Bending M.Sc., P. Geo., President & CEO of Shoreham Resources Ltd. (TSX VENTURE: SMH) announces that the board of director's of Shoreham granted 1,600,000 stock options on May 9, 2007. The exercise price of $0.45 per share is based upon the closing price of the stock on May 9, 2007. Pursuant to the Shoreham Stock Option Plan, the options will vest over a fifteen-month period, and will expire in three years.
The grants included 925,000 options to the five directors, including 675,000 options granted to three of the directors who are also senior officers. The remaining 675,000 stock options were granted to eleven consultants.
The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release.
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