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LEADING INDEPENDENT ADVISORY
SERVICE RECOMMENDS SHAREHOLDERS VOTE TO
APPROVE SHEFFIELD � NEVORO ARRANGEMENT
Vancouver, BC � July 11, 2008 - Sheffield Resources Ltd. (�Sheffield�) (TSX-V: SLD and FRANKFURT:
�S2Q�) today announced that Institutional Shareholder Services Canada
Corp. (�ISS�), Canada�s leading independent proxy advisory firm,
published a report to its subscribers which recommends that ISS
clients vote �FOR� approval of the Plan of Arrangement between
Sheffield and Nevoro Inc.
ISS
and its parent Institutional Shareholder Services Inc. are widely
recognized as leading independent proxy voting and corporate governance
advisory firms in both Canada and the United States. The firms� analyses
and recommendations are relied upon by hundreds of major institutional
firms, mutual funds and fiduciaries throughout North America.
David
Jenkins, President and Chief Executive Officer of Sheffield, said, �We are
pleased that based on a thorough review, the broadly recognized and
respected authority ISS recommends its clients vote in favour of the
transaction�
Sheffield�s
Directors have unanimously determined that the Plan of Arrangement is fair
to and in the best interests of Sheffield�s shareholders. Accordingly the
Board recommends that Sheffield shareholders vote in favour of the
transaction at the Annual and Special Meeting, which will be held at 10:00
a.m. (Vancouver time) on Friday July 25, 2008 at the Metropolitan Hotel,
645 Howe Street, Vancouver, BC. Shareholders can vote by phone, internet or
mail and instructions can be found in the Management Information Circular
dated June 26, 2008 sent to securityholders and available on the SEDAR
website at www.sedar.com. Proxies must
be received no later than 10:00 a.m. (Vancouver time) on July 23, 2008.
About Sheffield Resources Ltd.
Sheffield Resources Ltd. is an exploration and
development company focused on the acquisition and systematic development
of copper and nickel deposits, with potential for large tonnages of ore,
which are located close to infrastructure in politically stable areas.
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