Shannon Files Quarterly 10qsb

Market Wire, June, 2006

Shannon International Inc. (OTCBB: SHIR) ("SHIR" or "the Company") wishes to announce that the Company has filed its quarterly report on Form 10qsb for the nine months ended March 31, 2006. SHIR is expected to resume trading on the NASD OTC Bulletin Board Market on or before June 19th, 2006.

The Company regrets the delay in filing this report which was due to the complexity of accounting issues with respect to the previously announced settlements with Quadrangle Holdings, Limited, and Shear Wind, Inc. The Company expects that its audit for the fiscal year ended June 30, 2006 will proceed without difficulty.

Shannon continues to work toward selling its Eastern Canada resource assets while subsidiary, Logical Sequence, prepares for the launch of its new web automotive software.

ABOUT SHANNON

Shannon strategically grows its business by finding, evaluating, and creating value. In addition to Eastern Canada resource assets, Shannon owns an interest in a seismic database compression software platform developed by Helical Systems Inc., Nova Scotia, and controlling interest in Logical Sequence Incorporated, Nova Scotia, developer of web-based dealership management software, LynXphere® for the automotive market.

FORWARD LOOKING STATEMENTS

Except for the Historical Information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risk and uncertainties that may cause actual results to differ materially. These forward- looking statements speak only as of the date hereof and SHIR disclaims any intent or obligation to update the forward-looking statements.

Contacts: Shannon International Inc. Bill Clements President (902) 481-7225 x 1002 (902) 481-7224 (FAX) Email: bclements@shannon-intl.com Shannon International Inc. Dennis Brovarone Secretary (303) 466-4092 (303) 466-4826 (FAX) Email: dbrovarone@aol.com