STO

Shelton Canada Corp. ("Shelton" or the "Company") (TSX VENTURE:STO) announces
that, subject to regulatory approval, it intends to complete brokered and
non-brokered private placements in the form of convertible debentures in an
amount of up to $500,000 (the "Debentures"). The terms of the Debenture shall be
for one year and simple interest (not compounded) will be payable from time to
time at a rate of six (6%) percent per annum calculated monthly. The amount
owing on the Debentures may, at the option of the Debenture holder, be
convertible into common shares of the Company at a conversion price of $0.12 per
common share.


Shelton intends to use the proceeds from the private placement for general
working capital purposes.


About Shelton Canada Corp.: 

Shelton Canada Corp. (www.sheltoncdn.com), a Canadian-based junior oil and gas
company, is focused on exploring and developing the resource-rich basins of
Ukraine. The company has an internationally experienced board of directors and a
long history of successful operations in Ukraine. These competitive advantages
have helped Shelton to build effective personal relationships, strategic
regional partnerships, and a large land position and a portfolio of projects on
and offshore. Shelton's long-term goals are to become the leader in oil and gas
production from the resource-rich Azov and Black Sea basins in five years. 


Forward-Looking Information

Except for statements of historical fact relating to the company, this news
release may contain certain "forward-looking information" within the meaning of
applicable securities law including opinions, assumptions, estimates and
management's assessment of future plans and operations, budgeted capital
expenditures and funding thereof. Forward-looking information in this news
release is characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate", and other similar words, or statements that
certain events or conditions "may" "will" or "could" occur. There are
uncertainties inherent in forward-looking information, including factors beyond
Shelton's control, and no assurance can be given that such events will occur on
time or at all. Any number of important factors could cause actual results to
differ materially from those in the forward-looking statements including the
possibility of not achieving the funding mentioned in this press release. BOEs
may be misleading, particularly if used in isolation. A BOE conversion ratio of
6 Mcf: 1 bbl is based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value equivalency at the
wellhead.

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