Saskatoon, Saskatchewan, June 29, 2005: Shane Resources Ltd. (TSX.V - SEI) wishes to announce that it has granted incentive stock options to certain its directors to purchase up to 1,000,000 common shares in the capital stock of the Company, exercisable for a period of five years at a price of $0.20 per share. The closing price of the Company’s shares on June 28, 2005 was $0.20.