The PPA version of Shutter always lags behind the latest version. To install the latest version of Shutter,

  1. Download the latest deb.
  2. Try intalling it:
$sudo dpkg -i ~/Downloads/shutter_0.90~ppa4~quantal1_all.deb

Selecting previously unselected package shutter.
(Reading database … 288761 files and directories currently installed.)
Unpacking shutter (from …/shutter_0.90~ppa4~quantal1_all.deb) …
dpkg: dependency problems prevent configuration of shutter:
shutter depends on gnome-web-photo; however:
Package gnome-web-photo is not installed.

dpkg: error processing shutter (–install):
dependency problems – leaving unconfigured
Processing triggers for bamfdaemon …
Rebuilding /usr/share/applications/bamf.index…
Processing triggers for gnome-menus …
Processing triggers for desktop-file-utils …
Processing triggers for hicolor-icon-theme …
Processing triggers for man-db …
Errors were encountered while processing:
shutter

Since there was a dependency problem, install the dependency.

sudo apt-get install gnome-web-photo