STO

Shelton Canada Corp. (TSX VENTURE:STO) ("Shelton"), a public company listed on
the TSX Venture Exchange (TSX-V) in Canada (STO) and Petrosibir AB
("Petrosibir"), a Swedish public company listed on the Nordic Growth Market in
Stockholm, Sweden (PETS) announce that further to their previous announcements
concerning the intended business combination, the special and annual meeting of
Shelton will be held on Wednesday, December 16, 2009. Management confirms that
the management proxy material, including the notice, information circular, and
form of proxy, in respect of the meeting to approve, among other things, a
proposed plan of arrangement involving Petrosibir, Petrosibir Canada Inc.
("PCI"), Shelton and the holders of Shelton's common shares has now been mailed
to the shareholders of 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 experience 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 in five years.


About PetrosibirAB:

Petrosibir AB is a Swedish company focused on oil and gas exploration. The
company holds three exploration 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) and 187 square km (Aysky), 300 square
km (Suyanovske), and are surrounded by other producing oil fields. Petrosibir
has found oil in its first and second well 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 TSX Venture Exchange.


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.

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