Sheltered Oak Resources Engages CHF Investor Relations

    TORONTO, May 1 /CNW/ - Sheltered Oak Resources (TSX Venture: OAK)
announced today that, it has retained CHF Investor Relations (Cavalcanti Hume
Funfer Inc., "CHF"), Canada's only Investors Relations ("IR") firm whose
management team's combined experience accounts for a full century working in
brokerage, trading, financial analysis, and investment sales, over and above
another century of individual experience in investor relations.
    Robert K. Hanson, Sheltered Oak Resources' CEO, commented, "We are
delighted to have engaged CHF as our investor relations counsel. Having known
Cathy Hume from our 'Bay Street' days, it'll be a real pleasure to be working
together with her team. The next 12 months will be especially exciting and
revealing for OAK as we move, through exploration, toward an updated NI 43-101
and resource estimate and model."
    Effective immediately, the IR services agreement is for a fixed term of
twelve months, subject to a satisfactory performance review at the six-month
mark. In the absence of termination notice, services may continue past April
30, 2010, on a month by month basis allowing for cancellation upon three
months' termination notice by either party. The agreement compensates CHF with
monthly fees at C$5,000 and incentive stock options. The Company has granted
CHF in the amount of 150,000 stock options exercisable at C$0.20 per share on
the TSX Venture Exchange for a period of three years which is the same
duration as those granted to directors of the Company this year. Further, 50%
of these options shall vest at six months following the date of execution of
the IR Agreement and the other 50% at twelve months. All options are subject
to cancellation 30 days after termination of the IR contract as dictated by
the TSX Venture Exchange for Tier 2 Issuers.

    About CHF Investor Relations

    CHF's effective role is acting as the public company's outsourced,
low-cost equivalent to an internal investor relations department. CHF serves
an international portfolio of TSX / Venture-listed companies and others that
may seek to list on North American Exchanges that operate in a broad range of
industries including mining exploration and producers, oil & gas, high-tech,
industrial and business solutions and products, niche financial products, and
"green" companies. The depth of capital market experience is formidable dating
back to the late 1970's. CHF's head office is in Toronto, with another
Canadian office in Calgary; as well as branch offices in New York, USA; São
Paulo, Brazil; and Shanghai, China.

    About Sheltered Oak Resources Corp.

    Sheltered Oak Resources is a British Columbia corporation with its head
office located in Oakville, Ontario. OAK is focused on mineral exploration
opportunities within Canada and currently has an option agreement with Sage
Gold Inc. (TSX-V: SGX) to acquire a 55% interest in the Kerrs Gold Property
located in the prolific area of the Abitibi Greenbelt, northeastern Ontario, a
region with a long and active mining history.

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    Neither 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.

For further information:

For further information: Robert K. Hanson, Chief Executive Officer,
Sheltered Oak Resources Corp., Tel: (905) 827-5414, Fax: (905) 847-9575,
Email:; Christopher Haldane, Account Manager, CHF
Investor Relations, Tel: (416) 868-1079 ext. 237, Fax: (416) 416-868-6198,

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