SHO.H

SHARPE RESOURCES CORPORATION, "SHO" (NEX:SHO.H)(OTCBB:SHGPF) - Subsequent to an
announcement, a June 12th, 2008 press release, of a proposed Joint Venture
program between Royal Standard Minerals Inc. and Sharpe Resources Corp. to
jointly explore and develop coal projects in Eastern Kentucky, the Boards of
Directors of Royal Standard Minerals Inc. and Sharpe Resources Corporation have
completed a 50-50 Joint Venture agreement to jointly pursue the exploration and
development of coal projects in Eastern Kentucky. The agreement was approved and
executed on November 21, 2008 and is subject to regulatory approvals, according
to Roland M. Larsen, Qualified Person.


The information presented in this press release is subject to the various
regulatory approvals. The economic viability of these projects is uncertain and
is contingent upon coal pricing and mining conditions that could affect the
project economics.


The Company cautions that the statements made in this press release and other
forward looking statements made on behalf of the Company may be affected by such
other factors including, but not limited to, volatility of mineral prices,
product demand, market competition, imprecision of mineral estimates, and other
risks detailed herein and from time to time in the Securities and Exchange
Commission filings of the Company.


C.U.S.I.P # 82001L100

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