Sheltered Oak signs option agreement to acquire interest in Goldcorp property

On April 21, 2011, Sheltered Oak Resources Corp. (TSXV: OAK) announced that it and its wholly-owned subsidiary, Sheltered Oak Resources Inc., had entered into an option agreement with Goldcorp Canada Ltd. and Goldcorp Inc. concerning the mining rights of certain leases located in Kerrs Township in the Larder Lake mining division in northeastern Ontario. The property is held by the Porcupine Joint Venture between Goldcorp and Goldcorp Inc. The option agreement provides Sheltered Oak Resources Inc. with the opportunity to earn a 60% interest in the property. Michael Bourassa and Nancy Eastman of Fasken Martineau advised Sheltered Oak in the negotiation of this agreement.