Shoreham Receives Exchange Approval for Second Private Placement Financing at $0.30 per Share

LANGLEY, CANADA, June 10, 2009 - Shoreham Resources Ltd. (TSX-V: "SMH"), a Canadian exploration company dedicated to the exploration of advanced precious metal and polymetallic deposits in Guyana and Canada, is pleased to announce that it has received Final Approval from the TSX Venture Exchange for the private placement financing 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 consisted 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. Four insiders and two employees participated in this financing. The Company had 50,992,300 shares outstanding prior to this financing News Release.

Shoreham Resources will pay Finders Fees in the aggregate amount of $39,006 in cash and issue 123,000 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 now adequately funded to cover ongoing corporate expenses and to resume field work on 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 416-581-1717 or via email at tracy@pro-edge.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.