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Seafield Resources Ltd.

TICKER: SFF:TSX.V

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Seafield Resources Ltd. is a mineral exploration company focused on acquiring and advancing precious metals projects in Colombia. The company's 100%-owned 6,757-ha Quinchia gold project is located in the Department of Risaralda, Colombia. Seafield's Miraflores deposit currently has a NI-43-101-compliant Measured and Indicated resource estimate of 1,925,542 oz gold at 0.8 g/t and an Inferred resource estimate of 103,043 oz gold at 0.6 g/t. Additionally, the company recently announced an 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 oz gold at 0.5 g/t.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Analysis

The Northern Miner (4/24/12) "With the release of its first preliminary economic assessment on its Miraflores project in Colombia, Seafield Resources Ltd. has given the market something to chew on. . .the SRK Consulting study does outline a profitable mine that will boast low cash costs and a reasonable capex. The key metric out of any such study is the net present value, which SRK estimated at US$188M using a discount rate of 8% and a gold price of US$1,500/oz; perhaps more impressive was the internal rate of return (IRR) that the project is expected to generate of 45%."

The Gold Report Interview with Brien Lundin (4/6/12) "Seafield Resources Ltd. is one of the more undiscovered plays in that area. Not very many people realize that it has about 3 Moz in total resource identified on two targets. It is working toward a PEA on the Miraflores project, which has about 2 Moz in a setting that should be straightforward to mine and with a grade that should allow for a very profitable operation. I see it advancing that project toward either production or a takeout at some point. It will continue to grow the resource, but it is already considerable. . .its goal is to expand the resource as much as possible, but also advance the resource at Miraflores and remove some of that risk so it rises up the value chain. It's just too large of a resource to be ignored. I like the management. I'm familiar with other work that they've done. They are serious people experienced in Latin America and have great local relations." More >

The Gold Report Interview with Paul Harris (3/30/12) "Many people think Seafield Resources Ltd. and Batero, which are adjacent to each other, will end up combining their projects to develop the entire Quinchia district. Combined, that's currently 5-10 Moz, at about 1 g/t gold. At current prices, one could buy both companies and pay a good premium on the share prices and still have considerable change." More >

Danny Deadlock, Ticker Trax (3/30/12) "From an investor's perspective, there 'may' be a significant opportunity in Seafield Resources Ltd.'s price range. . .the company in its last financial filing had very good working capital of $13M; it has 1.9 Moz in the Measured and Indicated category with another 0.5 Moz Inferred. Total land position is 6,757 hectares (100% owned)."

Danny Deadlock, Ticker Trax (3/6/12) "Seafield Resources Ltd.'s ounces are there, the cash is there, the country is very stable, it has an entirely new management group, including a new CEO, and the company has a lot happening in 2012." - Ticker Trax


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