Sheltered Oak Resources Corp. ("OAK") final phase 3 drilling results and airborne magnetic survey completed

    Trading Symbol: TSX-V OAK

    TORONTO, Feb. 18 /CNW/ - OAK and Sage Gold Inc. ("SAGE") have an option
agreement whereby OAK, through its 100% owned subsidiary Sheltered Oak
Resources Inc., can acquire a 55% joint venture interest in the Kerrs Gold
property from SAGE under an Option Agreement entered into on February 7, 2007,
as amended, the details of which, can be found in OAK's Filing Statement dated
August 18, 2008 and filed on SEDAR at
    OAK announces final results from its Phase 3 drill program at the Kerrs
Gold Property located on the western shore of Lake Abitibi, northeast of
Matheson, Ontario. To date, five drill holes (K-08-17 to K-09-21) have been
completed totaling 2,508 metres.
    The Phase 3 program was designed to test the up-dip strike extent below
Bell Lake and down-dip extensions of quartz-pyrite replacement veining and
quartz green carbonate (PyQGC) vein breccia zones varying in thickness from
10m to 60m. Gold mineralization occurs as pyritized quartz vein breccias
enveloped by quartz fuchsite carbonate vein breccias with three brecciation
sequences identified in several drill holes. Fine gold is primarily associated
with fine pyrite grains (1 to 5%) disseminated within quartz veins and altered
mafic pillow flow volcanic overlying a magnetite/olivine-rich ultramafic
assemblage. Coarse gold also occurs in sulphide-poor fuchsite carbonate quartz
veins as observed in K-06-13 returning 27.8 g/t over 0.5m and K-05-01
returning 32.8 g/t over .44m in the upper zone.
    Drill holes K-08-17, 18 and 19 confirm the presence of three discrete
vein systems which exhibit good continuity over an up-dip length of 250 metres
correlating with the three zones reported in hole K-05-7. Drill hole K-09-19
establishes the extension of the Kerrs PyQGC zones to a distance of 150 metres
projecting southwesterly under Bell Lake on line 1000N. The "middle" vein
replacement breccias zone shows gold enrichment in all three holes with
weighted average grades varying between 3.48 g/t and 6.43 g/t over true widths
ranging from 2.7 m to 4.5m. Drill holes K-09-20 and 21 confirmed that the
Kerrs PyQGC zones are not present on the east side of Bell Lake on line 750N
at shallow depths.

                                                            Weighted Avg.
                                                            Au Grade g/t
                                                            /Metre -True
    Hole Number  Grid Location     Interval(Metres)         thickness(m)
    K-05-01      L1150 N / 6+55W   284.3m -286.16m (upper)  9.18g/t / 1.86 m
                 Dip: 60 degrees   375.48m-83.51m (middle)  7.43g/t / 3.2 m
                 Az 130 degrees
    K-08-18      L1150N / 280W     276.4m - 278.4m (upper)  0.62 g/t / 2.2 m
                 Dip: -60 degrees  280.4m - 284m (middle)   4.14 g/t / 3.6 m
                 Az 310 degrees
    K-08-17      L1150N / 180W     340.8m - 345m (upper)    0.82 g/t / 4.2 m
                 Dip: -60 degrees  355.5m - 360m (middle)   6.43 g/t / 4.5 m
                 Az 310 degrees    397.0m - 402m (lower)    0.96 g/t / 5 m
    K-08-19      L1050N / 180W     443.0m - 446m (middle)   3.48 g/t / 2.7 m
                 Dip: -60 degrees  453.6m - 455.4m (lower)  1.53 g/t / 1.7 m
                 Az 220 degrees
    K-05-7       L1150N / 70W      411m - 413m (upper)      1.06 g/t / 2 m
                 Dip: -60 degrees  427.5m - 431.3m (middle) 5.72 g/t / 3.8 m
                 Az 310 degrees    441m - 446.1m (lower)    2.15 g/t / 5.1 m
    K-06-08      L1150N / 70W      430.6m - 434.0 (middle)  0.57 g/t / 3.2 m
                 Dip: -90 degrees  434.0m - 435.6 (middle)  0.84 g/t / 1.5 m
                 Az 310 degrees
    K-06-12      L1350N / BL0+00   429.7m - 436m (middle)   3.06 g/t / 5.9 m
                 Dip: -60 degrees  440.0m - 443m (lower)    1.07g/t / 2.8 m
                 Az 310 degrees
    K-06-13      L815N / BL 0+40W  428.1m - 430.6m (upper)  6.99 g/t / 2.5 m
                 Dip: -60 degrees  444.4m - 447.1m (lower)  27.8 g/t / 0.5 m
                 Az 310 degrees

    In summary, the Kerrs PyQGC vein system has been defined by 21 drill
holes arrayed in a 200m x 200m pattern with in-filling at 100m spacing on
section 1150 piercing a shallow dipping synclinal fold structure. The results
of drill holes K-06-08, 10, 11, 12, 13, 14, and 16 indicate that the PyQGC
vein breccia zones can be traced for over 1,200 meters along the axis of the
fold structure. The down-dip dimension of the fold structure on section 1150N
has been delineated by holes K-05-1, K-05-7, K-06-8, K-08-17, K-08-18 and
K-09-19 to a depth along a curvilinear inclined plane from 150m to 750m
measured from the surface. Drill holes K-09-20 and 21 close off the up-dip
extension of the system on line 750N, however 250 metres of strike length
remains to be tested under Bell Lake. The system is open to depth from the
east side of Bell Lake confirmed by K-09-19 at line 1000N to hole K-06-12
located on line 1350N and may possibly extend 600 metres along strike to the
southeast of hole K-06-12, indicated by a recent airborne magnetic survey.
    In January, 2009, OAK completed a helicopter-supported airborne magnetic
survey covering the entire property at a 100 m line spacing. Currently, OAK is
evaluating the results of this survey and awaiting results from an orientation
MMI geochem survey completed last fall. Further information will be made
available when received by OAK.
    OAK is currently planning a comprehensive Phase 4 drilling program
designed to systematically delineate and evaluate the Kerrs PyQGC vein systems
in order to build a compliant resource according to NI 43-101 mineral resource
    Robert Hanson, CEO, commented "We are very pleased and encouraged by the
diamond drill results thus far and look forward to further development of our
knowledge concerning this gold bearing area. It is very encouraging to be able
to report such positive delimitation results from the Kerrs Gold system."
    The surface diamond drilling program involving geological core logging,
sampling and assaying tasks was supervised by Peter Hubacheck, P.Geo. No.1059
(APGO) on behalf of Hubacheck Consulting Geologists (HCG), affiliated with
W.A. Hubacheck Consultants Ltd. Peter Hubacheck is a qualified person as
defined by NI43-101 and has reviewed and authorized the geotechnical material
in this press release.
    There are 30,010,808 issued and outstanding common shares of Sheltered
Oak Resources Corp.

    This release was prepared by the management of OAK who take full
responsibility for its contents. The TSX Venture Exchange has not reviewed and
does not accept responsibility for the adequacy or accuracy of this news

    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 completion of a
comprehensive Phase 4 drilling program and expectations of a NI 43-101
compliant mineral resource classification, together with completing the
additional financing to accomplish this goal. OAK disclaims any obligation to
update forward-looking statements unless required by law.

For further information:

For further information: Robert Hanson, C.E.O., Phone: (905) 827-5414,
Fax: (905) 847-9575, E-mail:; Art Hampson, CFO,

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