STO

On 15 July 2009, Shelton Canada Corp. ("Shelton") (TSX VENTURE:STO) announced
that it had entered into a plan of arrangement agreement with Petrosibir AB
("Petrosibir"), a publicly traded Swedish company listed on the Nordic Growth
Market ("NGM") in Sweden (PETS). Petrosibir recently published a press release
with the following license expansion update.


Expansion continues with third license

Petrosibir has been awarded yet another license in the Russian republic of
Bashkiria. With an area of 300 square kilometers, the new license Suyanovskoye
is the largest thus far for the company and is surrounded by other producing oil
fields. In less than a month, Petrosibir has increased its original total
license area by a factor of ten, resulting in a continuous block of 540 square
kilometers.


"Petrosibir is in the midst of a positive spiral. In the course of one month, we
have increased our original license area by a factor of ten. We have also found
oil with good flow rates in our first two wells on Rustamovskoye. I look with
confidence forward to exploring the potential of the Suyanovskoye block," says
Robert Karlsson, CEO of Petrosibir.


The Suyanovskoye license is a combined exploration and production license valid
through 31 December 2035. Petrosibir was awarded the license at auction.
Bashneft, the leading oil company in Bashkiria, currently produces oil from the
neighboring fields Shimskoye, Kungakskoye and Islamovskoye. Around 15 wells were
drilled in the license area during the Soviet era, and oil was intercepted in
horizons from the geological Carboniferous period. None of the Soviet wells were
drilled as far down as the Devonian period, where Petrosibir recently measured
excellent oil flow rates in the neighboring Rustamovskoye block, indicating
further potential. In keeping with the terms of the Suyanovskoye license,
Petrosibir will initiate drilling the first of three exploration wells within
three years.


Petrosibir is in the final phase of the exploration program on Rustamovskoye.
The company has found gas and oil with commercial flow rates and estimates that
oil production will commence in 2010. Once oil production is under way, the
company will have a balanced portfolio of cash flow-generating oil production
from the Rustamovskoye block, and exploration activities on the recently-awarded
license blocks Aysky and Suyanovskoye.


About Petrosibir

Petrosibir is a Swedish company focused on oil and gas exploration. The company
holds three licenses in the Russian republic of Bashkiria, located southwest of
the Ural Mountains. The license blocks, which border one another, are 52 square
km (Rustamovskoye), 187 square km (Aysky) and 300 square km (Suyanovskoye) and
are surrounded by other producing oil fields. Petrosibir has found oil in its
first two wells and measured commercial flow rates. The Petrosibir share is
traded on the NGM stock exchange under the symbol PETS. In July 2009 Petrosibir
announced that it had entered into a plan of arrangement agreement with Shelton
Canada Corp, a Canadian company that has oil and gas assets in Ukraine and is
listed on the Toronto Venture Exchange.


About Shelton

Shelton (www.sheltoncdn.com), a Canadian-based junior oil and gas company, is
focused on exploring and developing the resource-rich basins of Ukraine. The
company has an internationally experienced board of directors and a long history
of successful operations in Ukraine. These competitive advantages have helped
Shelton to build effective personal relationships, strategic regional
partnerships, a large land position and a portfolio of projects on and offshore.
In July 2009 Shelton announced that it had entered into a plan of arrangement
agreement with Petrosibir AB, a Swedish company which holds two oil exploration
licenses in Bashkiria, Russia, and is listed on the NGM stock exchange in
Sweden.


Forward-Looking Information

Except for statements of historical fact relating to the company, this news
release may contain certain "forward-looking information" within the meaning of
applicable securities law including opinions, assumptions, estimates and
management's assessment of future plans and operations, budgeted capital
expenditures and funding thereof. Forward-looking information in this news
release is characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate", and other similar words, or statements that
certain events or conditions "may" "will" or "could" occur. There are
uncertainties inherent in forward-looking information, including factors beyond
Shelton's control, and no assurance can be given that such events will occur on
time or at all. BOEs may be misleading, particularly if used in isolation. A BOE
conversion ratio of 6 Mcf: 1 bbl is based on an energy equivalency conversion
method primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.

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