STO

Shelton Canada Corp. ("Shelton" or the "Company") (TSX VENTURE:STO) today
announced its financial and operating results for the three and nine months
ended September 30, 2009. These financial statements as well as the Management's
Discussion and Analysis for the said period may be found on the Company's
website at www.sheltoncdn.com or on SEDAR at www.sedar.com.


Further to the press release dated November 26, 2009, in which Management
confirmed the mailing of the information circular in respect to the contemplated
Plan of Arrangement with Petrosibir A.B., Management is finalizing preparations
for the Annual and Special meeting scheduled for December 16, 2009.


Operationally, the Company has finalized all the contracts to drill a
development well #304-A in the Lelyaki field with a proposed spud date of
January 1, 2010. The mobilization of the drilling equipment has already
commenced. The re-worked wells #60 and #178 are producing again with
approximately 15 barrels of oil per day each, net to Shelton.


About Shelton Canada Corp.:

Shelton Canada Corp. (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, and a large land position and a portfolio of projects on
and offshore. Shelton's long-term goals are to become the leader in oil and gas
production from the resource-rich Azov and Black Sea basins.


Forward-Looking Information

Except for statements of historical fact relating to the company, this news
release contains certain "forward-looking information" within the meaning of
applicable securities law. 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 Canada
Corp.'s control, and no assurance can be given that such events will occur on
time or at all. Shelton Canada Corp. undertakes no obligation to update
forward-looking information if circumstances or management's estimates or
opinions should change, except as required by law. The reader is cautioned not
to place undue reliance on forward-looking statements. The risks and
uncertainties set forth above are not exhaustive. 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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