Shoreham Announces Granting of 2.575.000 Incentive Stock Options at $ 0.40

LANGLEY, CANADA, January 25, 2011 � Shoreham Resources Ltd. (TSX-V: �SMH�) (�Shoreham� or the �Company�), a Canadian exploration company dedicated to the exploration of advanced precious metals and polymetallic deposits in Guyana and Canada, is pleased to announce, subject to regulatory approval, the issuance of an aggregate of 2,575,000 incentive stock options to directors, officers and employees of the Company.  Each option is exercisable to acquire one common share of the Company at an exercise price of $0.40 per share for a period of 5 years, expiring January 24, 2016.

For further information, please contact Warren Stanyer, Chairman and Chief Operating Officer, or David A. Bending, President and Chief Executive Officer at (604) 533-9288.

About Shoreham

Shoreham Resources Ltd. is a public mineral exploration company listed on the TSX Venture Exchange (TSX-V: SMH), and is focused on the exploration, discovery and development of precious metals deposits located within the South American country of Guyana.  Shoreham began acquiring interests in Guyanese gold exploration properties in 2007, and now holds various rights to obtain working interests in approximately 322,150 acres (130,370 hectares) of prospective lands. Shoreham�s main asset is the Marudi Mountain Project, which was the subject of extensive exploration by previous explorers, but has not been the subject of a diamond drilling program since 2004. Shoreham�s goal is to develop a significant gold resource at the Marudi Mountain Project, and to explore its other projects using joint venture funding.

Neither the 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.