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Sheltered Oak Resources Corp. Announces Letter of Agreement

Sheltered Oak Resources Corp. Announces Letter of Agreement 
TORONTO, ONTARIO -- (Marketwire) -- 01/08/13 -- Sheltered Oak
Resources Corp. ("OAK" or the "Company") (TSX VENTURE:OAK) announces
today that by way of a letter agreement from Goldcorp Canada Ltd. and
Goldcorp Inc. (collectively with Goldcorp Canada Ltd., "Goldcorp")
dated December 17, 2012 and duly acknowledged by the Company and
Sheltered Oak Resources Inc. ("Oak Subsidiary") on December 20, 2012,
Goldcorp and the Company have agreed to waive certain obligations of
the Company and Oak Subsidiary in connection with the option
agreement dated April 21, 2011 (the "Option Agreement") entered into
between the Company, Oak Subsidiary and Goldcorp which relates to the
option of the Company to earn a 60% interest in certain mining claims
located in Kerrs Township, Ontario.  
More specifically, Goldcorp has agreed to waive the following
obligations of the Company and/or Oak Subsidiary: (i) the requirement
of the Company and/or Oak Subsidiary to incur the minimum qualify
expenditures and complete the minimum core diamond drilling on the
Kerrs Township property that were committed pursuant to the Option
Agreement; and (ii) the requirement of the Company to issue common
shares in the capital of the Company to Goldcorp as contemplated by
the Option Agreement. All other amounts due and obligations pursuant
to the Option Agreement remain fully enforceable by Goldcorp. 
ABOUT SHELTERED OAK RESOURCES CORP. 
Sheltered Oak Resources Corp. is focused on mineral exploration
opportunities within Canada and owns a 100% interest in 27 mining
claims, including mining leases totaling 4,176 hectares which
comprise the Kerrs Gold Property, located east of Matheson in the
prolific area of the Abitibi Greenstone Belt in northeastern Ontario. 
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. 
Contacts:
Sheltered Oak Resources Corp.
J.J Elkin
CEO
416-628-5802
416-628-5051 (FAX)
des874@aol.com 
Sheltered Oak Resources Corp.
Art Hampson
Chief Financial Officer
416-628-5802
416-628-5051 (FAX)
ahampson@shelteredoak.com
 
 
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