Silver Shield Corporate Update

BURLINGTON, ON, May 24, 2011 /CNW/ --
BURLINGTON, ON, May 24, 2011 /CNW/ -

Tim D. Towers Reports

With the volatility of the precious metal markets, especially in Silver,
the junior securities market has been very weak in the past short
while. With falling metal prices and falling stock prices the
investment market is a bit uncertain and tentative at present. Silver
Shield continues to progress its properties with the overall goal of
production remaining paramount and unwavering. We are pleased to
provide the investment community with an update on our efforts.

Welsh Silver Mine Elk Lake Ontario

A planned minimum drilling program of 1,200 metres has been recently
completed and samples have been sent for assay. The drill program
recently completed totaled 1,268 metres in ten (10) drill holes. Seven
of these holes were drilled in the SE portion of the property to test
for new high grade veins and extensions of  the veining  discovered in
our Phase II drilling. The area tested is immediately south of the
Amador Gold (AGX-V) Silverclaim Lake property. The three remaining
holes were drilled in the vicinity of the Welsh Silver Mine to try to
target extensions of veining previously discovered as well as new
silver bearing veins. Amador  previously announced a drill program in
the Silverclaim Lake Area and Silver Shield awaits their drilling
results. It is Silver Shield's belief that the area drilling by two
companies in this historic silver mining region bodes well for the
future of the Elk Lake play. Indeed Tim D Towers commented 'with the
drilling being done we are hopeful that the area can be rejuvenated
once again. The history of mining here, and the still very good silver
price, has us very optimistic for the future of the Welsh Silver Mine
and surrounding properties.' To better help us in our future
development of the area, a survey of the property has recently been
concluded. This survey was commissioned by Silver Shield to expand our
data base  in the area and to target old drill holes, elevations,
adits, ramps and  the shafts present. All drill data, survey data and
other surface work will be used to upgrade our previous 43-101
Technical report previously done by Silver Shield.

Lost Dog Gold Property Timmins Ontario

On our previous release dated November 28, 2010 the company elucidated
investors on the results of the western portion of our line cutting
surface work and Magnetic and IP surveys on the property. The surveys
and work on the first phase showed a large area of low magnetic
intensity crossing the property from east to west that may represent
the extension of the prolific Porcupine-Destor fault zone (PDFZ)
through the property, or a splay structure off of it. The company has
now completed line cutting on the full property and  will immediately
commence the complete Magnetic and IP survey on the remainder of the
property. It is hoped that this new survey will extend the area of low
magnetic intensity across the rest of the property. It is the company's
belief that this extension will be a significant development for this
property.

Other Timmins Properties

Minimal surface work has been done on the other Timmins Properties with
surface sampling, prospecting and line cutting planned for the summer
and fall exploration period. At the present time the Lost Dog IP and
Magnetics is the main scope of the Timmins work.

Sandeb Gold Property Deal

The Sandeb Property deal previously announced is still before the TSX
Venture Exchange. Mr John Carter, President of Trueclaim, and a
director of Silver Shield Resources Corp., is a non-arms length
participant in the transaction and as such the Exchange will review the
materiality of the deal. Silver Shield expects no problems with this
review and will announce the acceptance if and when given by the
Exchange.

Mexican Update

The company continues sourcing and reviewing high grade projects in
Mexico. La Cumbre and Jaripo are being maintained till funding becomes
available for further drilling. The Company is in the process of
sourcing technical personnel to prepare a 43-101 Technical Report on
the La Cumbre Mine Property. The La Cumbre Mine has had some historic
small gold and silver production and the company believes in its near
to mid-term potential. It is felt that the preparation of a recognized
43-101 Technical Report will aid in the future development of the La
Cumbre Mine and required capital procurement. The company is actively
pursuing two advanced projects within the company mandate of acquiring
near to mid-term production assets.

However while Silver Shield is hopeful these properties can be brought
into the fold, there is no expectation of certainty or time frame of
success.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined on the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Company Management, which takes full responsibility for content,
prepared this news release. In order to proceed fully with the
Company's exploration and acquisition plans, additional funding may be
necessary and, depending on market conditions, this funding may not be
forthcoming on a schedule or on terms that facilitate the Company's
plans.

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Silver Shield Resources Corp.

Tim Towers, President and Chief Executive Officer
Donald Shaxon, Manager of Corporate Development, (289) 838-5936
www.silvershieldresources.com   email: silvershield@cogeco.net
Phone: 289-337-6162      Fax:  289-337-6678