Mr. Frank Kordy reports

SILVER SHIELD ANNOUNCES CLOSING OF THE THIRD TRANCHE OF ITS CONCURRENT PRIVATE PLACEMENT RAISES & THE CSE HAS GRANTED CONDITIONAL APPROVAL TO IMPLEMENT A NAME CHANGE & CHANGE IN BUSINESS

Silver Shield Resources Corp. has closed the third tranches of its concurrent non-brokered private placement offerings. In total, $184,400 was raised via the sale of 385,000 units at 10 cents per unit and via the sale of 14,590 Series A preferred shares at $10 per share. No commission or finder's fee is payable with respect to the closing of this tranche of the placements. Each unit comprised one common share of the corporation and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one common share of the corporation for 15 cents for a period of 36 months from the closing date.

The corporation has also been granted conditional approval, subject to shareholder consent, by the Canadian Securities Exchange to implement the corporation's proposed change of business from a mining and exploration company to a merchant bank and its proposed name change from Silver Shield Resources Corp. to Gunpowder Capital Corp.

Shareholders are invited to view the corporation's listing statement, which outlines the corporation's business plan, and serves as the basis for the conditional approval from the CSE. The listing statement can be viewed by visiting the corporation's CSE corporate profile page and by downloading the listing statement itself, titled "SSR -- Form 2A -- Listing Statement For Gunpowder Capital Corp.," which can be found under the CSE filings archive module toward the bottom of the page.

Shareholders will be instructed as to how they can give their consent to the proposed changes as outlined in the listing statement shortly.

Frank Kordy, interim chief executive officer of Silver Shield, stated: "Receiving conditional approval from the CSE is a corporate milestone event and a very important step in allowing the corporation the ability to fully diversify itself into strategic investments outside the mining sector. Management strongly feels that not being fully dependent on mining and exploration, will immediately bring stronger revenue growth and a better return to the corporation's shareholders in a much quicker and consistent fashion."

We seek Safe Harbor.