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SFF

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Share Name Share Symbol Market Type
TSXV:SFF TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Seafield Announces Approval of Advance Notice By-law

06/05/2013 12:00pm

Marketwired Canada


Seafield Resources Ltd. ("Seafield" or the "Company") (TSX VENTURE:SFF) is
pleased to announce that the board of directors of the Company has approved and
adopted an Advance Notice By-law (the "By-law"). The By-law sets a deadline by
which holders of record of common shares of the Company must submit a notice of
director nominations to the Company prior to any annual or special meeting of
shareholders and sets forth the information that a shareholder must include in
the notice to the Company for it to be valid. 


Specifically, the By-law includes a provision that requires advance notice be
given to the Company in circumstances where nominations of persons for election
to the board of directors are made by shareholders of the Company other than
pursuant to: (i) a requisition of a meeting made pursuant to the provisions of
the Business Corporations Act (Ontario) (the "Act"); or (ii) a shareholder
proposal made pursuant to the provisions of the Act. 


In the case of an annual meeting of shareholders, notice to the Company must be
made not less than 30 days and not more than 65 days prior to the date of the
annual meeting. However, in the event that the annual meeting is to be held on a
date that is less than 50 days after the date on which the first public
announcement of the date of the annual meeting was made, notice may be made not
later than the close of business on the tenth day following such public
announcement. 


In the case of a special meeting of shareholders (which is not also an annual
meeting) notice to the Company must be made not later than the close of business
on the 15th day following the day on which the first public announcement of the
date of the special meeting was made. 


The By-law is effective immediately. At the Company's upcoming annual general
and special meeting of shareholders to be held on June 25, 2013, shareholders
will be asked to confirm and ratify the By-law. 


The full text of the By-law is available under the Company's profile on SEDAR at
www.sedar.com.


About Seafield Resources Ltd.

Seafield Resources Ltd. (TSX VENTURE:SFF) is a mineral exploration company
currently focused on advancing its Miraflores Gold Deposit towards feasibility
level. Seafield's 6,757-hectare Quinchia Gold Project is located in the
Department of Risaralda of Colombia. SRK Consulting Inc.'s (Denver) Preliminary
Economic Assessment on the Miraflores Deposit indicates robust economics with a
pre-tax internal rate of return of 50% and a pre-tax net present value (8%) of
$249M. The Company cautions that mineral resources that are not mineral reserves
do not have demonstrated economic viability. Miraflores currently has a NI
43-101 compliant Measured and Indicated resource estimate of 1,816,000 ounces
gold at 0.78 g/t Au and 3,555,000 ounces silver at 1.5 g/t Ag (72.6 million
tonnes at a cut-off of 0.27 g/t Au) and an Inferred resource estimate of 62,000
ounces gold at 0.51 g/t Au and 275,000 ounces silver at 2.3 g/t Ag (3.8 million
tonnes at a cut-off of 0.27 g/t Au). Additionally, the Company has a NI 43-101
compliant resource estimate for its Dosquebradas Deposit, also part of the
Quinchia Gold Project, with an Inferred resource estimate totaling 920,772
ounces gold at 0.5 g/t Au (57Mt at a cut-off of 0.3 g/t Au). Seafield Resources
Ltd. trades its shares on the TSX Venture Exchange (TSX-V) under the symbol SFF
and in the United States using CUSIP 81173R101. For more details on the Company,
please visit www.sffresources.com.


Forward-Looking Statement 

This news release includes certain "forward-looking statements" within the
meaning of that phrase under Canadian securities laws. Without limitation,
statements regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward-looking
statements that involve various degrees of risk. Forward-looking statements
reflect management's current views with respect to possible future events and
conditions and, by their nature, are based on management's beliefs and
assumptions and subject to known and unknown risks and uncertainties, both
general and specific to the Company. Although the Company believes the
expectations expressed in such forward-looking statements are reasonable, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in our forward-looking statements.
The following are important factors that could cause the Company's actual
results to differ materially from those expressed or implied by such
forward-looking statements: changes in the world wide price of commodities,
general market conditions, risks inherent in exploration, risks associated with
development, construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital. Additional
information regarding the material factors and assumptions that were applied in
making these forward-looking statements as well as the various risks and
uncertainties we face are described in greater detail in the "Risk Factors"
section of our annual and interim Management's Discussion and Analysis of our
financial results and other continuous disclosure documents and financial
statements we file with the Canadian securities regulatory authorities which are
available at www.sedar.com. The Company undertakes no obligation to update this
forward-looking information except as required by applicable law. The Company
relies on litigation protection for forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Seafield Resources Ltd.
David MacMillan
Investor Relations
(416) 361-3434 ext. 202
dmacmillan@sffresources.com
www.sffresources.com

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