OTC Stock Review and TSX Review Issues Report on Sheffield Resources Ltd.


ATLANTA, Nov. 22, 2006 (PRIMEZONE) -- OTC Stock Review / TSX Review announces that it has initiated coverage of Sheffield Resources Ltd. (TSX-V:SLD) (Other OTC:SLDOF) and (Frankfurt:S2Q). Sheffield Resources Ltd. is an exploration and development company focused on the acquisition and systematic exploration of advanced-stage copper projects with the goal of advancing them to production. Sheffield's 100% owned Moonlight project in Plumas County, California was held by Placer Dome for 30 years, but as a result of low copper prices in 1993, they dropped the project to focus on Gold. The property sat idle until it was acquired by Sheffield last year. Sheffield CEO, David Jenkins was employed by a Placer Dome predecessor company and was aware of the Moonlight project while it sat in Placer's exploration portfolio for 30 years. Once he took the helm at Sheffield, engineers reevaluated the geological data base and found the potential is there to greatly enhance the value of the deposit.

Sheffield announced late yesterday results of its core drilling program included copper and silver analyses of its tenth "HQ" diamond drill hole. Hole 06MN-10 intersected a 147 metres (485.2 ft.) of copper mineralization the most notable intervals of which are 40 metres (131.2 ft.) grading 0.53% copper and 7.0 grams per tonne of silver and 24 metres (78.7 ft.) containing 0.42% copper and 4.3 grams per tonne of silver. Additionally, On November 20, 2006, Sheffield updated the results of Hole 06MN-9 to include silver assays that were not available in its October 10, 2006 release. Hole 06MN-9 intersected a total of 97.5 metres (320 ft.) of mineralization grading 1.08% copper and 7.1 grams per tonne silver and ended at 103.3 metres (339 ft.) in low-grade copper mineralization.

Key points outlined in the report are:



  --  The copper deposit at Moonlight could be larger than originally
      estimated, as it is open both laterally and to depth, and there
      is potential to outline satellite deposits. 
  --  The tonnage of the Moonlight Project is potentially more than
      400 million tons. 
  --  The copper grade could be higher than previously estimated, 
      as major improvements in drilling technology over the past 
      44 years tend to give us better samples from which to estimate
      the grade. 
  --  Further enhancements to the grade are possible since fracture
      zones that appear to carry grades significantly higher than
      the deposit average grades were not considered when the deposit
      was originally evaluated in 1962.
  --  Additionally, the deposit contains widespread silver and, at
      least locally, gold and molybdenum, which were not systematically 
      assayed and were therefore not factored into the historic
      estimates.  

The complete report is available at http://www.otcstockreview.com/Files/SLDOF/SLD_Review.pdf

Additionally, more information on Sheffield Resources Ltd. is available at http://www.otcstockreview.com/sldof.htm or at http://www.sheffieldresources.com.

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NOTE: The purpose of this release is to introduce the reader to OTCStockReview.com and Sheffield Resources Ltd. OTC Stock Review / TSX Review is not a Registered Investment Advisor or a Broker/Dealer. Information and opinions presented in this release are solely for informative purposes and not intended, nor should they be construed as, investment advice. This document contains information obtained from public sources about Sheffield Resources Ltd., but does not contain all the relevant material information necessary to evaluate the company. This release is not to be considered an offer to buy, sell, hold, and/or otherwise trade in the securities of Sheffield Resources Ltd., as profiled. OTC Stock Review / TSX Review has been compensated $12,500 to perform investor relations services for Sheffield Resources Ltd. Officers, directors, and employees of OTC Stock Review / TSX Review, may hold a long or short equity position of a profiled Company and may trade in these securities for their own accounts. Carefully review profiled companies with your investment advisor, stockbroker, or other such professional. OTC Stock Review / TSX Review is not liable for any investment decisions by its readers or their advisors. Any analysis contained herein does not purport to be a complete analysis of the profiled companies. Readers are encouraged to obtain copies of the profiled Company's periodic reports filed with United States Securities and Exchange Commission, which are generally available at http://www.sec.gov. You can view our complete disclaimer at http://www.otcstockreview.com/disclaimer.htm



            

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