Kevin Shields has told NME that there will be lots of new music from My Bloody Valentine in 2012. The Irish shoegaze group hasn't put any new music out since 1991's seminal Loveless, but according to Shields, will release both an album and an EP this year. Shields -- who is currently in the process of remastering the group's first two records -- has been hinting at a release date for the album for some time now, but this is the first solid report that new music might finally surface. Here's hoping! Check out MBV's video for "Only Shallow" below.