TSX V Gold in Per EXP Gold Resources

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

Gold in Perú ! Disclaimer 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 forwardlooking statements. 2

Mining in Peru : World Rankings Peru continues to be one of the most prospective territories for the discovery of world-class deposits. Gold in Perú ! § #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 3 TSX. V EXP

Canadian Shield is a Gold Mining-Exploration Company CORE VALUES ØEXPERIENCED MINING EXPLORATION TEAM ØEXPERIENCED MANAGEMENT Ø SOLID SHARE STRUCTURE - 12 Million Shares Issued Ø$1. 6 M in the bank ØSOLID SHAREHOLDER BASE Ø Dundee Wealth Management ØGlobal Resource Investments ØRecent financings @ $0. 80 ØNEW ASSETS WITH SOLID GROWTH POTENTIAL Gold Resources at Colpayoc and Estrella 4

Gold in Perú ! Share Structure EXP: TSX Venture Exchange Shares Outstanding Stock Options Warrants 11, 888, 045 1, 326, 250 options exercisable at prices ranging $1. 00 to 5. 00 per share Class P @ $1. 20 per share until July 10, 2010 1, 062, 500 Class Q @ $1. 20 per share until Sept. 24, 2011 1, 625, 000 Class R @ $1. 20 per share until June 28, 2011 1, 250, 000 Class CW-R @ $1. 20 per share until June 28, 2011 104, 063 Fully Diluted 17, 140, 858 52 -Week Range Share Ownership $2. 45 - $0. 48 Close 04/30/10 $0. 62 TSX. V Management & Insiders 20. 1 % EXP Public Float 79. 9 % 5 As of April 30, 2010

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 TSX. V Extensive Previous Success EXP 3 Phase Approach Four Gold/Silver Exploration Projects 6

Yanacocha Property Locations Pierina Antamina ØPolitically stable Lima Tintaya ØNumerous mines. Toquepala ØExcellent access ØGood Infrastructure. Antofagasta Candelaria Santiago Gold in Perú ! El Teniente Established Copper - Gold Mine Established Gold Mine Concepcion Major City 7

Colpayoc Gold Project–Yanacocha District Yanacocha Ø Largest gold mining district in South America: § 84 million oz Au § 32 billion lbs Cu Ø SIX Mineralized Areas Ø GOLD, copper & silver mineralization within 4, 200 Ha property § Chicama-Yanacocha Structural Corridor: Deal: 4 year option to earn 100% $4 M exploration $4. 1 M cash 2% NSR 8

Colpayoc Geology • Calcareous Sediments • 3 Intrusions • Late Volcanics • Porphyry Gold • Epithermal Au-Ag • Skarn Au-Cu-Ag 9

Colpayoc Project – 6 Mineralized Areas 1)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 -64 m @ 44. 8 g/t Ag 6) Escondida II -Porphyry Skarn Target 10

Colpayoc Daylight Zone Outcropping Au-Cu Porphyry System (with current and proposed drill holes) W/p 11

Colpayoc Project: Daylight Zone - Trench 12

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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 16

Colpayoc Inferred Resources – SRK 2010 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 CUTOFF Au g/t INSITU (TONNES) GRADES AU 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 17 1. 06 35, 818 578, 593 1. 16 21, 545 1. 0

COLPAYOC DAYLIGHT ZONE Gold Grade Shell at 0. 3 g/t Au cutoff Gold Gradeshell at 300 ppm Au cutoff 18

Daylight Zone : $1, 000/oz Au Opimized Pit 19

Colpayoc is most similar to Cerro Corona: Yanacocha District 88 Mmt @ 1. 0 g/t Gold and 0. 5% Copper 20

Yanacocha Property Locations Pierina Antamina ØPolitically stable Lima Tintaya ØNumerous mines. Toquepala ØExcellent access ØGood Infrastructure. Antofagasta Candelaria Santiago Gold in Perú ! El Teniente Established Copper - Gold Mine Established Gold Mine Concepcion Major City 21

La Estrella Gold-Silver Property An Emerging Discovery: History & Update § 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 -90 m thick zone , 500 m along strike and up to 400 m down dip where the average Silver equivalent grade is 51 g/t § Zone is open to the north and south along strike and down dip § 90% Canadian Shield /10% Anderson Peru Mining 22 TSX. V EXP

La Estrella Silver-Gold Property 23 TSX. V EXP

La Estrella Gold -Silver Property 24

La Estrella: Drill Section 25 TSX. V EXP

Estrella Project: Exploration Target Exploration 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 26 Prepare NI-43 -101 Compliant Resource

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 TSX. V Extensive Previous Success EXP 3 Phase Approach Four Gold/Silver Exploration Projects 27

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 28 TSX. V EXP

Regional Andean Gold Exploration: Prospect Generation Southern Peru Volcanic Field Yanacocha Pierina Antamina Exploration Target Area Tintaya Gold in Perú ! SPCC Toquepala

Focused on Gold in Peru: Two Resource-Stage Gold Projects: • Colpayoc: Resource Drilling Planned • Estrella: 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: 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 TSX. V 3 Phase Approach EXP Seek Strategic Alliance or Investors Four Gold/Silver Exploration Projects 30

Yanacocha Property Locations Pierina Antamina ØPolitically stable Lima Tintaya ØNumerous mines. Toquepala ØExcellent access ØGood Infrastructure. Antofagasta Candelaria Santiago Gold in Perú ! El Teniente Established Copper - Gold Mine Established Gold Mine Concepcion Major City 31

Four Exploration Stage Projects - Peru 1) 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. 3 M in work and $80 K Cash 2) 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 Gold in Perú ! -IOCG Target 32

Gold in Perú ! 4/22/10 33

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 34

Management & Directors 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/NI 43 -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 – Director Practicing 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 – Director Executive 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. 35

Gold in Perú ! Contact For more information, please contact: Keith A. Laskowski President, Director Direct: 720 272 6224 (Based in Golden, Colorado) Michael Kraft Director Direct: 416 927 0025 ext 23 Canadian Shield Resources Ltd. 151 Bloor Street West, Suite 703 Toronto, Ontario Canada M 5 S 1 S 4 Tel: (416) 927 -0025 ext. 23 Toll Free: (888) 927 -0025 Fax: (416) 927 -1222 Peru Office: Joanna Lui Compañía Minera Canadian Shield Perú S. A. C. Calle Dos de Mayo 472 Miraflores, Lima, Peru Tel: (511) 719 -6152 Vo. IP: (416) 907 -5690 Fax: (511) 446 -1194 36 TSX. V EXP