SHELTERED OAK RESOURCES CORP. UPDATE ON KERRS GOLD PROPERTY NI 43-101

Trading Symbol: TSX-V OAK

TORONTO, Feb. 3 /CNW/ - Sheltered Oak Resources Corp. (OAK or the Company) (TSXV: OAK) announced that the Company expects to file the NI 43-101 Resource Estimate on the Kerrs Gold Property before the end of February, 2011.

Phase 5 drilling of the Kerrs Gold Property, located on the western shore of Lake Abitibi, northeast of Matheson, Ontario was reported in November 2010 (see November 29, 2010 news release for more information).

JJ Elkin, President and CEO will be available for meetings on February 22nd in Montreal, February 23rd and 24th in Toronto and February 25th in Vancouver.

Please contact Jennie Guay at jennie@chfir.com if you wish to attend a presentation.

ABOUT SHELTERED OAK RESOURCES CORP.

Sheltered Oak Resources Corp. is focused on mineral exploration opportunities within Canada and owns a 100% interest in 42 mining claims including one mining lease totaling 4,672 hectares which comprise the Kerrs Gold Property, located in the prolific area of the Abitibi Greenstone Belt in northeastern Ontario.

There are 71,387,235 issued and outstanding common shares of Sheltered Oak Resources Corp.

Should you wish to receive informational updates on Sheltered Oak Resources Corp. please contact jennie@chfir.com

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.

Some statements contained in this release are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially.  Such forward-looking statements include comments regarding the expectation and timing of the first mineral resource estimate. Factors that could cause delays in the computation of the resource estimate include: obtaining first order survey control on drill hole collars, verifying and validating the geological and assay database, availability of independent Qualified Persons to execute geometric polygonal and geostatistical estimation methods and approvals from regulatory agencies during the NI 43-101 review process in advance of public disclosure. OAK disclaims any obligation to update forward-looking statements unless required by law.

For further information:

Sheltered Oak Resources Corp.
J.J Elkin
President and CEO
(T) 416-628-5802
(F) 416-628-5051
(E) jj@shelteredoak.com
Sheltered Oak Resources Corp.
Art Hampson
Chief Financial Officer
(T) 416-628-5802
(F) 416-628-5051
(E)ahampson@shelteredoak.com
CHF Investor Relations
Jeanny So
Director of Operations
(T)416 868 1079 ext. 225
(F)416 868 6198
(E)jeanny@chfir.com

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Sheltered Oak Resources

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