HEATHSVILLE, VIRGINIA (NEX: SHO.H)(OTCBB: SHGPF) announces that it has granted options to purchase a total of 1,700,000 common shares to directors and officers of the Company. The options are exercisable at $0.10 and expire on May 8, 2013. The grant of options is subject to regulatory approval.

Sharpe Resources Corporation 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 market volatility, competition, and other risks detailed herein and from time to time in the Securities and Exchange Commission filings of the Company.

The TSX Venture Exchange does not accept responsibility for adequacy or accuracy of this press release.

Contacts: Sharpe Resources Corporation Roland Larsen Qualified Person, NI-43-101 (804) 580-8107 (804) 580-4132 (FAX) Website: www.sharpe-resources.com

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