Shelby Ventures Inc. Announces Proposed Non-Brokered Private Placement

(via Thenewswire.ca)

Vancouver, BC January 31, 2012 - SHELBY VENTURES INC. ("Shelby" or the "Company") announces that it plans to raise up to $650,000 in a proposed non-brokered private placement. The Company will offer up to 6,500,000 common shares at a price of $0.10 per share with the net proceeds to fund possible qualifying transactions and general working capital.

The private placement is subject to all necessary regulatory approvals, including the approval of the NEX Board of the TSX Venture Exchange. All securities issued will be subject to a 4-month hold period.

About Shelby Ventures Inc.

The Company is a Capital Pool Company, currently listed on the NEX Board of the TSX Venture Exchange. Management of the Company is actively engaged in assessing possible projects with a view to completing a Qualifying Transaction. To date, Management's efforts have been focused on the resource sector and continue to review opportunities as they arise.

BY ORDER OF THE BOARD

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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