SHGP Sharpe Resource Corp (CE)

SHARPE RESOURCES CORPORATION, (Sharpe, or the "Company") (NEX:SHO.H)(OTCBB:SHGPF) is currently engaged in discussions to acquire the coal and the oil & gas rights with two separate parties in Tennessee and West Virginia. The property acquisition will include a lease/purchase of the mineral rights for the above mentions commodities. Sharpe has had a long standing interest in oil and gas production in the US. The Company plans to continue with a domestic oil and gas focus. The trend toward the Appalachian region is inline with the objective to help insure value as part of any investment opportunity. The initial effort will study the coal and the oil & gas resources on the property followed by drill testing of prospective targets on the Company land position with and initial focus on the coal bed methane potential in conjunction with the conventional oil and gas potential on this property. 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. NEX does not accept responsibility for adequacy or accuracy of thi s press release Sharpe Resources Corporation (NEX BOARD:SHO.H) (OTC Bulletin Board:SHGPF)