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Warrants Alert

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Warrant Symbol - SGF.WT
Number  Trading - 5,029,600
Expiration Date - May 6, 2006
Cusip - 824901 15 1

Warrants called to trade news

Shore Gold to list 5,029,600 warrants on Nov. 2

2005-10-31 20:25 ET - Warrants Called to Trade
TSX bulletin 2005-1231
A total of 5,029,600 common share purchase warrants in respect of 3,218,944 common shares will be posted for trading at the open on Wednesday, Nov. 2, 2005.

Warrant symbol:  SGF.WT
Warrant Cusip No.:  824901 15 1

Designated market-maker:  TD Securities Inc.
The warrants were issued by Kensington Resources Ltd. on May 9, 2005, pursuant to a private placement of units.

On Oct. 28, 2005, Shore Gold Inc. effected a plan of arrangement involving Kensington pursuant to which each whole warrant of Kensington has become one whole warrant of Shore exercisable at $2.50 for 0.64 of a Shore common share until 4:30 p.m. (Vancouver time) on May 6, 2006. Fractional Shore shares will not be issued upon the exercise of the warrants. In lieu thereof, the number of Shore shares issued will be rounded down to the nearest whole number and the total purchase
price for the warrants will be reduced by an amount equal to the fraction the holder would otherwise have received multiplied by $3.90625.

The warrants are governed by the terms of an amended and restated warrant indenture dated Oct. 28, 2005, between the company and Computershare Trust Co. of Canada, as trustee. The amended and restated warrant indenture provides for appropriate adjustments to be made to the rights of the warrantholders in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

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