Two cyclists and a car were involved in the smash on the B5476 in Coton, between Wem and Whitchurch, soon before 11.30pm last night. The car failed to stop and police are asking the driver to get in touch.
One of the cyclists, a 58-year-old man, was confirmed dead on the scene despite the best efforts of paramedics.
Members of the public had carried out CPR before ambulance staff arrived.
A West Midlands Ambulance Service spokeswoman said: “When ambulance staff arrived, they found a cyclist in a critical condition with bystanders performing excellent CPR on the man.
"Ambulance staff continued resuscitation efforts on scene but sadly nothing could be done to save the man and he was confirmed deceased.
“A second cyclist, a woman, was also assessed after suffering minor injuries in the incident but didn’t require hospital treatment.”
Officers are carrying out enquiries and are appealing for witnesses, including any motorists on the road around the time of the collision who have dash cam footage.
Anyone with information is asked to contact West Mercia Police on 101 quoting reference 797 of July 30. Alternatively, information can be passed to Crimestoppers anonymously on 0800 555 111.