Silver Fields Acquires Additional Property in Area of High Silver Assays

   Silver Fields Resources Inc. (TSX VENTURE: SF)(FRANKFURT: RLQ) (the "Company") ("Silver Fields) is pleased to report that following analysis of chip samples from the "Cow Trail" exploration area, which assayed up to 1,625 grams of silver per tonne over a true vein width of 0.15 metres (Stockwatch August 16th, 2011), has acquired an additional 800 hectares of land, bringing the total holdings for the Horn Silver project to 2,408 hectares.

The project contains a newly discovered quartz vein located well beyond the previously mined areas, and intermittently exposed for a distance exceeding 40 metres before being covered by overburden. This has led Silver Fields' geological staff to believe that the productive mineralized system maybe much larger than previously thought. Additional soil and chip samples have been taken and submitted for assay.

President and CEO of Silver Fields, Chris England, stated: "We are very pleased with the progress of our exploration in this area. The excellent results received to date and the ease of access to the area has prompted the Company to focus on carrying out a drill program in early fall. The Government permits have been applied for and are well advanced through the approval process. Negotiations have been ongoing with several drilling companies, and final contracts will be signed when the permits have been received."

Technical material in this news release has been prepared and/or reviewed by Peter Folk, P.Eng., a Qualified Person as defined in NI43-101. Analyses quoted here were performed for Silver Fields Resources Inc. by Acme Analytical Laboratories, Vancouver B.C. using fire assay techniques with a gravimetric finish on a 30 gram charge.

On behalf of the Board of Directors

Chris England, President and CEO

Silver Fields Resources Inc.

Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Silver Fields Resources Inc. Chris England President and CEO [phone]/[phone] [e-mail] www.silverfieldsresources.com