Knight shield Shields

Inside a chest with a medium-difficulty lock. Can be unlocked with a key held by an well-armoured bandit.

Held by a corpse in the grave at the base of a tree. Bring a Spade to loot it.

Held by a corpse in the grave behind the rock. Bring a Spade to loot it.

In the Abandoned shepherd’s dugout.

On display on the armourer’s stall.

At the foot of a bed on the top floor.

On display at the trader’s stall.

Inside the green tent.

Inside a chest with a medium-difficulty lock in the ruined building. Can be opened with Mach’s chest key.

Inside a very-hard-to-pick chest at the top of the watchtower, which itself is locked behind a very-hard-to-pick door. The place will likely be filled with guards, but you’ll hit the motherload if you can get up there!