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SFF

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0.00 (0.00%)
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 Restructuring of Management and Board

20/03/2014 1:00am

Marketwired Canada


Seafield Resources Ltd. ("Seafield" or "the Company") (TSX VENTURE:SFF) is
pleased to announce the following changes to the Management and Board of
Directors of Seafield.


Corporate management structure changes have been implemented in line with the
future direction of the company and with a view to further reducing corporate
overhead expenses.


Mr. David Prins has been appointed a director of Seafield and the President and
Chief Executive Officer of the Company. "Dave Prins has done an outstanding job
as Chief Operating Officer of Seafield, and I am pleased and proud to have him
accept the position of President and Chief Executive Officer, and I welcome him
to the board as a new director. Dave is an excellent professional, and, with his
extensive experience in Latin American mining projects, he has the knowledge and
skills to lead the Company and its Quinchia Gold Project forward," said Cesar
Lopez.


Furthermore Mr. Amjad J. Ali has resigned as Chairman and Director of the
company, for reasons of retirement. Mr. Cesar Lopez has accepted Mr. Ali's
resignation and thanks him for his service and guidance to the company and its
board of directors. Mr. Cesar Lopez has accepted the position of Non-Executive
Chairman for the company going forward.


About Seafield Resources Ltd.

Seafield Resources Ltd. (TSX VENTURE:SFF) is a development stage company
currently focused on completing a bankable feasibility study on its Miraflores
Gold Deposit. Seafield's Quinchia Gold Project is located in the Department of
Risaralda, 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 23% and a pre-tax net present value (5%) of $141M.
The Company cautions that mineral resources are not mineral reserves and 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.


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.


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

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