A QUICK LOOK AT SEAFIELD RESOURCES LTD

Seafield Closes $3,000,000 Private Placement at Market Premium

Tuesday, May 24th, 2011

TORONTO, ONTARIO – May 24, 2011. Seafield Resources Ltd. (“Seafield” or the “Company”) is pleased to announce it has closed the private placement of 10,000,000 common shares priced at $0.30 per share, for gross proceeds of $3,000,000 (as originally announced in its May 9th, 2011 press release). The shares were acquired by a single strategic investor with a very positive long term view of the potential at Seafield’s Quinchia projects in Colombia. The common shares that comprise the private placement will be subject to a four-month hold period under applicable Canadian securities laws expiring on September 25, 2011. No fees or commissions are payable in connection with the private placement. Closing of the private placement remains subject to final acceptance of the TSX Venture Exchange.

THIS IS WHAT STARTED IT ALL:

Thursday, December 2nd, 2010
TORONTO, ONTARIO – Seafield Resources Ltd. (“Seafield” or the “Company”) is pleased to announce assay results from the first three drill holes at its Miraflores property at the Quinchia Gold project, Risaralda, Colombia. The Quinchia project contains a number of porphyry and porphyry breccia open pit targets including the breccia style deposit at Miraflores.
Highlight:
Hole QM DH-03 was drilled from the NE contact to the SW contact through the centre of the Miraflores porphyry breccia pipe body and intersected 449 metres grading 1.29 g/t Au, including 23.95 metres grading 9.18 g/t Au
SEE THE COMPANY WEB SITE FOR THE FULL STORY

THE PAST HEADLINES:

Seafield Reports 1.75 G/T Gold Over 94 Metres in Trench From Dosquebradas, Quinchia Gold Project, Colombia

Seafield Drills 369 Metres Grading 1.0 G/T Gold at Miraflores, Quinchia Gold Project, Columbia

SEAFIELD DRILLS 200 METRES GRADING 0.98 G /T GOLD, 0.09% CU AT DOSQUEBRADAS, QUINCHIA GOLD PROJECT, COLOMBIA

Seafield Announces Resources of 1,582,105 Ounces Gold at Miraflores Project, Quinchia, Colombia

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