Seafield Resources Ltd V.SFF

Update SFF

[sinvestment]

Corporate update

Seafield is also pleased to provide an update on its exploration programs for 2012 at its Quinchia gold project:

Underground drifting to commence at the Miraflores deposit

• The company plans to extend the existing tunnel at its Miraflores deposit by 150 metres to facilitate eventual underground drilling targeted at the high-grade structures in the breccia pipe. Underground drilling is expected to commence in fourth quarter 2012.

Regional exploration program to identify more targets

• Strong geological evidence of a north-northwest mineralization trend identified in the region supports the speculation that additional anomalies exist in the company's concession. To date, 80 per cent of Seafield's 6,757-hectare property remains unexplored. Seafield plans to initiate regional exploration efforts north of the Miraflores and Dosquebradas deposits with an aim to find additional drilling targets.

Baseline environmental studies

• In preparation for the development of the Miraflores deposit, Seafield has initiated baseline environmental studies designed to identify key information pertaining to social demographics, archeology, surface water and weather conditions in the district. The studies are under way and are expected to be completed by fourth quarter 2012.

Streamlining exploration efforts

• In 2012, 1,676 metres of diamond core drilling has been completed at Dosquebradas. The company plans to focus its continuing efforts on advancing the Miraflores deposit and executing its regional exploration program. A further drill program at Dosquebradas will be reassessed in the future.

[pharmacist78]

where did you get this information?

[shintzola]

The Corporate Update follows the details of the testing results re the Miraflores deposit in the recent NR of 26 March.