Seafield Reviews Strategic Alternatives and Provides Corporate Update

Seafield Resources Ltd. ("Seafield" or "the Company") (TSX VENTURE:SFF) is
pleased to provide an update on its Quinchia Project, to comment on the current
mining environment and its review of strategic alternatives.




--  Confirmatory Metallurgical Test Work Program, completed as part of the
    Feasibility Study, suggests reported gold resource may be significantly
    understated 
--  Seafield's commitment to active engagement with all stakeholders has
    resulted in strong support from local communities and local and national
    authorities 
--  In its continuing effort to maximize shareholder value, Seafield has
    engaged Jacob Securities to assist it in conducting a strategic review
    process to ensure its strategic plan is in line with this fundamental
    priority of the Company



Technical Update

During the recently completed "Confirmatory Metallurgical Test Work Program" for
the feasibility study for the Miraflores Project, it became evident that the
measured gold grades within the chosen samples were generally well under the
targeted grades. After further investigation, it appears that some of the gold
was being lost during the core cutting and drilling processes. During the
previous campaigns, the standard procedures in place were insufficient to
capture the respective slurries and test them to ascertain the component of gold
contained within these slurries. The key areas for further study are the high
grade vein zones whereby the gold is generally associated with argillized
material as well as in the more porous areas of the breccia. Seafield believes
that it is important to design a program targeting these inefficiencies and
review the measured gold grades in an attempt to capture the true grades of the
deposit, which may have a positive impact on the resource estimate at
Miraflores. As a result, the Company has decided to design a work program to
analyse the potential impact on the project and to delay the completion of the
Feasibility Study until this issue has been fully evaluated. 


Regulatory Update on Colombia

Additionally the Company would like to comment on its experience in Colombia in
general, and in particular within the Quinchia district. "Over the past 12
months, Seafield has seen clear actions and progress demonstrating that the
Institutional Processes within the Colombian mining industry are working",
stated Dave Prins, Seafield's COO. "Engagement of all stakeholders from early
stages in the mining development process is a key factor to the success of any
mining project, regardless of its jurisdiction. We have made this a concerted
priority." As a result, Seafield has seen its pending titles and registrations
become perfected and has experienced support from the local community and
authorities, and departmental and national authorities during the development of
Seafield's work programs. 


Review of Strategic Alternatives

As is consistent with the Company objective to at all times maximize shareholder
value, the board is announcing a strategic review process (the "Review") to
assess the Company's various alternatives with a view to achieving maximum
shareholder value. To that end, the Company has engaged the services of Jacob
Securities Inc. to assist it with the Review. The Company's focus is on securing
the continued development of the Quinchia Gold Project, including taking the
Miraflores Deposit toward production and performing further exploration at the
Tesorito target and other highly prospective areas. Cesar Lopez, President & CEO
of Seafield stated: "We are delighted with the progress that has been achieved
to date during the Review and I look forward to providing additional news in the
near future. There is real value and opportunity in the Miraflores Deposit as a
near term production opportunity; and in the medium term, there is an excellent
opportunity with regard to exploration upside at Tesorito target and further
potential on our 100% owned land package. We believe that the Quinchia Gold
Project is significantly under-valued in the current market environment and we
are focused on pursuing initiatives to enhance value." 


Review by Qualified Person

Giovanny Ortiz, Vice President of Exploration for Seafield Resources Ltd., is a
qualified person as defined by National Instrument 43-101 and prepared or
reviewed the preparation of the scientific and technical information in this
press release. Mr. Ortiz is a Fellow of the Australasian Institute of Mining and
Metallurgy (Membership # 304612) a professional association and designation
recognized by the Canadian regulatory authorities. Mr. Ortiz verified the data
disclosed in this release, including the sampling, analytical and test data
underlying the information contained in this release. Verification included a
review and validation of the applicable assay databases and reviews of assay
certificates.


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.


About Jacob Securities Inc.

Jacob Securities Inc. ("JSI") is an independent full-service investment bank
providing underwriting and financial advisory services to companies in metals
and mining, power and infrastructure, technology and energy technology and oil &
gas. The firm, which is headquartered in Toronto with offices in New York,
primarily services small- to mid-cap issuers in North America and around the
world.


Over the past five years, JSI has been involved in over $3.5 billion in global
equity financings and M&A transactions. JSI's focused approach allows its
clients to source capital, effect corporate transactions, expand strategic
relationships and facilitate liquidity in the public markets in a timely, cost
effective manner.


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.


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
[phone] ext. 202
[e-mail]
www.sffresources.com