Gold Resources and Exploration-Peru Gold Resource Definition Gold Prospect Generation May 2010 TSX.V EXP Gold in Perú !

Gold Resources and Exploration-Peru Gold Resource Definition Gold Prospect Generation

May 2010

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Gold inGold in Perú Perú !!

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Certain information contained in this presentation constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating commodity prices, unforeseen permitting requirements, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Disclaimer Gold inGold in Perú Perú !!

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Mining in Peru : World RankingsPeru continues to be one of the most prospective territories for the discovery of world-class deposits. #5 gold producer

#1 silver producer

# 3 copper producer

• world class, low cost mines

• operated by worlds’ largest companies

Metal mining accounts for 55% of the country’s exports

Stable Government

Progressive Govt

NOT LIKE BOLIVIA, VENEZUELA OR ECUADOR

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Canadian Shield is a Gold Mining-Exploration Company

CORE VALUES

EXPERIENCED MINING EXPLORATION TEAM

EXPERIENCED MANAGEMENT

SOLID SHARE STRUCTURE - 12 Million Shares Issued$1.6 M in the bank

SOLID SHAREHOLDER BASE Dundee Wealth ManagementGlobal Resource InvestmentsRecent financings @ $0.80

NEW ASSETS WITH SOLID GROWTH POTENTIALGold Resources at Colpayoc and Estrella

55

Shares Outstanding

11,888,045

Stock Options

1,326,250 options exercisable at prices ranging $1.00 to 5.00 per share

Warrants

Class P @ $1.20 per share until July 10, 2010 1,062,500Class Q @ $1.20 per share until Sept. 24, 2011

1,625,000Class R @ $1.20 per share until June 28, 2011

1,250,000Class CW-R @ $1.20 per share until June 28, 2011

104,063

Fully Diluted 17,140,858

52-Week Range

$2.45 - $0.48Close 04/30/10 $0.62

Share Ownership

Management & Insiders 20.1 %Public Float 79.9 %

Share StructureEXP: TSX Venture Exchange

As of April 30,2010

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Focused on Gold in Peru: • Two Resource-Stage Gold Projects:

• Colpayoc: Resource Drilling Planned: Yanacocha District• NI 43-101 Inferred Gold Resource: 7.6 Mmt @ 0.6 g/t = 144,600 oz• Open in all directions at depth for expansion• 5 additional gold targets on this property• Porphyry Gold System: Minas Congas or Cerro Corona

• Estrella: Resource Modeling in Progress• Exploration Data: 35 - 55 Mmt average grade 0.44 g/t Au & 21.2 g/t Ag• Open in all directions * Exploration Data Estimates are Conceptual and Order of Magnitude

• Regional Exploration: Prospect Generation• Extensive Regional Database and Experience• Conduct Regional Program Independently•Extensive Previous Success•3 Phase Approach

• Four Gold/Silver Exploration Projects• Explore/Advance: Seek Partner at Earliest Opportunity

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Property LocationsPolitically stable

Numerous mines.

Excellent access

Good Infrastructure.

Yanacocha

Candelaria

El Teniente

Tintaya

Toquepala

Pierina

Antamina

Established Gold Mine

Lima

Antofagasta

Major City

ConcepcionEstablished Copper - Gold Mine

Santiago


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Colpayoc Gold Project–Yanacocha DistrictYanacocha

Largest gold mining district in South America:

84 million oz Au

32 billion lbs Cu

SIX Mineralized Areas

GOLD, copper & silver mineralization within 4,200 Ha property

Chicama-Yanacocha Structural Corridor:

Deal: 4 year option to earn

100%$4M exploration $4.1M cash2% NSR

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ColpayocGeology

•Calcareous

Sediments

•3 Intrusions

•Late Volcanics

•Porphyry Gold

•Epithermal Au-

Ag

•Skarn Au-Cu-Ag

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Colpayoc Project – 6 Mineralized Areas1)Daylight Target:

-Drilling by Newcrest & Balaclava

-Porphyry Au-Cu

NEW RESOURCE-7.6 Mmt @ 0.6 g/t*144,600 oz Gold

- Cerro Corona analogy

2) Escondida I -Porphyry Skarn Target

3) Cerrito Rico-High grade Au-Ag in

Breccias-10.4 g/t Au & 912 g/t Ag

4) Root Zone-High grade Au-Ag

5) BPM-Breccia Zone-64m @ 44.8 g/t Ag

6) Escondida II-Porphyry Skarn Target

Colpayoc Daylight ZoneOutcropping Au-Cu Porphyry System (with current and proposed drill holes)

W/p

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Colpayoc Project: Daylight Zone - Trench

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Colpayoc Exploration Target & Drill Plan

Exploration Target Contains: minimum 25.3 - >100.0 Mmt

Average grade of samples: 0.50 g/t Gold (range: 0.2-2.7)

• Open in all directions at Depth

NEW RESOURCE: 7.6 Mmt @ 0.6 g/t = 144,600 oz Gold

• Target: Oxide, Near Surface Open-Pit Deposit, • Large Porphyry System, • High Grade Epithermal Gold

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Colpayoc Inferred Resources – SRK 2010

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Inferred Resource (0.30 g/t low-grade cutoff): Oxide: 4,663,275 tonnes @ 0.59 g/t containing 87,800 oz Reduced: 2,913,019 tonnes @ 0.61 g/t containing 56,800 oz Total: 7,576,293 tonnes @ 0.60 g/t containing 144,600 oz gold

Colpayoc Inferred Resources - SRK 2010

ZONE

CUTOFFAu g/t

INSITU (TONNES)

GRADESAU g/t

AU (OUNCES)

OXIDE 0.2 6,101,114 0.51 99,037

0.3 4,663,275 0.59 87,811

0.4 3,418,519 0.67 73,812

0.5 2,335,536 0.78 58,358

0.6 1,811,568 0.84 49,156

0.7 1,247,439 0.93 37,446

0.8 879,633 1.01 28,540

0.9 589,220 1.09 20,593

1.0 353,110 1.18 13,419

REDUC 0.2 3,769,178 0.53 63,401

0.3 2,913,019 0.61 56,810

0.4 2,386,519 0.66 50,778

0.5 1,687,608 0.75 40,801

0.6 1,189,188 0.84 32,123

0.7 803,930 0.93 24,128

0.8 641,628 0.98 20,175

0.9 460,512 1.03 15,224

1.0 225,482 1.12 8,126

TOTALS 0.2 9,870,292 0.51 162,441

0.3 7,576,293 0.60 144,637

0.4 5,805,038 0.67 124,596

0.5 4,023,143 0.77 99,155

0.6 3,000,756 0.84 81,280

0.7 2,051,369 0.93 61,572

0.8 1,521,260 1.00 48,713

0.9 1,049,732 1.06 35,818

1.0 578,593 1.16 21,545

COLPAYOC DAYLIGHT ZONEGold Grade Shell at 0.3 g/t Au cutoff

Gold Gradeshell at 300ppm Au cutoff

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Daylight Zone : $1,000/oz Au Opimized Pit

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2020

Colpayoc is most similar to Cerro Corona: Yanacocha District

88 Mmt @ 1.0 g/t Gold and 0.5% Copper

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Numerous mines.

Excellent access


Yanacocha

Candelaria

El Teniente

Tintaya

Toquepala

Pierina

Antamina


Lima

Antofagasta

Major City


Santiago


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Epithermal , Poly-phase Gold & Silver System Initial Geological Model and Mineral Resource Completed Mineralization and Controls are Poorly Constrained

Mineralization identified 1,200 meters along strike, 200-400 meters wide

Large tabular, potentially bulk mineable mineralization with smaller higher grade zones.

Drilling has tested an 80-90m thick zone , 500 m along strike and up to 400 m down dip where the average Silver equivalent grade is 51g/t

Zone is open to the north and south along strike and down dip

90% Canadian Shield /10% Anderson Peru Mining

La Estrella Gold-Silver Property An Emerging Discovery: History & Update

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La Estrella La Estrella Silver-Gold Property

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La Estrella Gold-Silver Property An Emerging

Discovery: Geology and

Alteration

Alteration and

Mineralization

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La Estrella: Drill Section

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Estrella Project: Exploration TargetExploration Data: Estimates are Conceptual

• Drill Holes: 33 @ 5,800 meters• Trenches: 0• Rock Samples: 615• Minimum interval: 4.0 meters @ 0.2 g/t Au or 15

g/t Ag • Extrapolation: 50 - 175 meters between sections• Dilution: 1 internal or 1 adjacent interval• Method: Manual, Cross-Sectional Estimate (KAL)• Exploration Target: 35.9 -55.0 Mmt, • Average Grade: 0.44 g/t Au & 21.15 g/t Ag

• Open along strike, up dip, and down dip

PLAN FORWARD:• Improve geological and mineral resource model • Identify higher grade and prospective areas• Prepare NI-43-101 Compliant Resource

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• Colpayoc: Resource Drilling Planned: Yanacocha District• NI 43-101 Inferred Gold Resource: 7.6 Mmt @ 0.6 g/t = 144,600 oz• Open in all directions at depth for expansion• 5 additional gold targets on this property• Porphyry Gold System: Minas Congas or Cerro Corona


• Regional Exploration: Prospect Generation• Extensive Regional Database and Experience• Conduct Regional Program Independently•Extensive Previous Success•3 Phase Approach


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Regional Andean Gold Exploration -RAGE

*Three Phase Approach

•Generative Exploration based on Proprietary Database

•Evaluate New Target Areas - Focused on Southern Peru Volcanic Field

•Identify/acquire New Discoveries

• Evaluate Peru Prospects and Contacts •Take advantage of enormous network of contacts and properties (+40 years of Experience)

• Corporate Acquisitions: •FP will contact majors and evaluate none core assets•FP will evaluate small and mid-size operating mines•CR will provide technical support

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Yanacocha

Antamina

Tintaya

SPCC

Toquepala

Pierina

Exploration

Target Area

Southern Peru

Volcanic Field

Regional AndeanGold Exploration:

Prospect Generation


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• Colpayoc: Resource Drilling Planned• Exploration Data: +25-50 Mmt, average grade 0.50 g/t Gold• Open in all directions at depth• 5 additional gold targets on this property• New Resource:


• Regional Exploration: Prospect Generation• Extensive Regional Database and Experience• Conduct Regional Program Independently•Extensive Previous Success•3 Phase Approach•Seek Strategic Alliance or Investors


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Numerous mines.

Excellent access


Yanacocha

Candelaria

El Teniente

Tintaya

Toquepala

Pierina

Antamina


Lima

Antofagasta

Major City


Santiago


Four Exploration Stage Projects - Peru1) Pucarana: Joint Venture with Esperanza Silver

-3 km from Buenaventura’s high grade Chipmo Gold Mine (300,000 t @ 0.5 opt)

-8 km from advanced stage Poracota Project 14.5 Mt @ 2.6 g/t Au (1.2 Moz Au)-Esperanza can earn 60% by spending $1.3M in work and $80K Cash

2) Ccello Ccello/La Tola -Option Agreement to Acquire La Tola from Solitario-Epithermal Gold System: 12 km/ 7,000 Ha Trend-Rock chips up to 30 g/t gold, 5 drill holes with up to 18 meter @ 1.3

g/t

3) Cerro Cori-Huge High Sulfidation Alteration System: + 25 square kilometers-Former JV with Southern Peru Copper drilled 9 holes: 24 m @ 0.58%

Cu-Additional Targets and +80 meter thick blanket of +10% Native

Sulfur

Pampa Poroma-IOCG Target

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4/22/10

Catalysts:

-New Property Chile: Mid June

-New Company and Property: Mid June

-Prelim New Resource –Estrella : late June

-New Projects: July

-Drill Plans – Estrella: Early July

-Drill Results: Mid September

-Drill Plans – Colpayoc: September

-Drill Results – Colpayoc: Early November

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Bernard L. Kraft, C.A., IFA, CBV, ASA, CFE – Chairman & Director A Chartered Accountant with over 40 years of experience. Director of Agnico Eagle Mines Limited and St. Andrew Goldfields Ltd.

Keith A. Laskowski MSc. QP, FSEG – President, Director Economic Geologist, +30 years experience in exploration and mine geology, focused on precious metals; MSc–Geology, Colorado School of Mines (1987). Qualified Person/NI43-101; Fellow-Society of Economic Geologists, member SME and MMSA-QP. Created successful exploration companies Peru, Haiti, Mali, Mongolia, U.S. and Canada.

Fernando Pickmann – DirectorPracticing lawyer, based in Lima, Peru, +15 years of commercial and mining law experience, Professional Degree in Law (University of Lima, 1994) and Masters Degree in Law (L.L.M) specializing in Business Legal Advice from the Law School at the Instituto de Empresa IE (1997). Past experience also with Centromin Perú S.A., and is a Mining Law teacher at Lima University and also teacher of Strategic Alliances in the LLM program of the Lima University

.Khurram R. Qureshi, C.A. – Chief Financial Officer

Financial experience and expertise in international M&A.Gregory R. Harris, L.L.B. – Director

Corporate and securities lawyer and a director of a number of TSX Venture listed companies including Antioquia Gold Inc., Chrome Capital Inc., Poplar Creek Resources Inc. and Brass Capital Corp.

Michael P. Kraft – DirectorExecutive and entrepreneur with 20 years experience in corporate finance and management with a record of success with both private and public companies.

Sol Mednick – Director Past President and Director of The Canadian Estate Land Corporation. Currently markets recreational and resource properties to clientele in Canada, the United States and Europe. Extensive experience in dealing with mineral exploration properties within Canada.

Management & Directors

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Peru Office:Joanna Lui Compañía Minera Canadian Shield Perú S.A.C. Calle Dos de Mayo 472Miraflores, Lima, PeruTel: (511) 719-6152VoIP: (416) 907-5690Fax: (511) 446-1194

Contact

For more information, please contact:

Keith A. LaskowskiPresident, DirectorDirect: 720 272 6224(Based in Golden, Colorado)

Michael KraftDirectorDirect: 416 927 0025 ext 23

Canadian Shield Resources Ltd.151 Bloor Street West, Suite 703Toronto, Ontario Canada M5S 1S4Tel: (416) 927-0025 ext. 23Toll Free: (888) 927-0025Fax: (416) 927-1222

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Documents

Gold Resources and Exploration-Peru Gold Resource Definition Gold Prospect Generation May 2010 TSX.V EXP Gold in Perú !