March 8, 2011

Shamika2Gold, Inc. Acquires Gold and Ruby Licenses in Cambodia


Shamika2Gold, Inc. (OTCBB:SHMX) ("Shamika" or the "Company") ( announced today that it has acquired 85% of MIG International Mining Group, a Mauritius company, which holds a concession of a gold and ruby exploration license in Cambodia. Shamika acquired the capital stock of MIG in exchange for 57,000,000 shares of Shamika common stock and shares of Series B Performing Preferred Stock entitling the holder to 45% of the net operating profit from the mining project. The shares issued by Shamika will be held in escrow until MIG obtains all necessary production licenses and has commenced commercial production for two months.

The area covered in the license is comprised of approximately 158 square miles in the Samlaut district of Cambodia. A Phase 1 & 2 Survey Report on the area was prepared by Terra Insight Services, Inc., a subsidiary of Terra Energy & Resource Technologies, Inc. and suggests potential for 1.5 million ounces of gold and 9,000 kilograms of rubies.

"This is a historic acquisition for Shamika," stated Robert Vivian, President and Chief Executive Officer. "Shamika's strategy is to discover, develop, and produce gold from potential high-value projects in overlooked and emerging countries. We seek out management teams that are known for their local expertise and the ability to work internationally with a high-growth company like Shamika. The acquisition of MIG international Mining Group brings to Shamika both an exceptional property package, and an outstanding team."

"This acquisition will allow the Company to rapidly advance our Asian portfolio. We expect it to contribute to both revenue and earnings in the next nine to twelve months," added Mr. Vivian.

Shamika has developed an aggressive plan to bring the MIG projects into production during calendar year 2011, and will alert shareholders to further developments in the next months.

About Shamika2Gold, Inc.

Shamika2Gold is an international junior gold company with strategic holdings in countries with potential high value targets that have been overlooked by the mining industry. The company's strategy is to become a global exploration and production company.  Shamika2Gold, Inc. is 51% owned by Shamika Resources, Inc., a private company domiciled in Canada. The corporate strategy is to develop a portfolio of mineral companies, unlocking value for shareholders, and opening up multinational access to the capital markets.

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