Seafield Resources Ltd.

Seafield Resources Ltd.

November 02, 2009 14:56 ET

Seafield Appoints James Paterson to Board of Directors

TORONTO, ONTARIO--(Marketwire - Nov. 2, 2009) - Seafield Resources Ltd. ("Seafield") (TSX VENTURE:SFF) is pleased to announce that Mr. James Paterson has agreed to join the Company's board of directors.

Mr. Paterson is currently a Managing Partner at Ocean Capital Partners, a merchant banking group with offices in Toronto, Calgary and Los Angeles, and brings extensive transaction execution experience to our board. Mr. Paterson began his career in 1994 as an investment banker at First Marathon in Toronto and since that time has worked for Donaldson, Lufkin & Jenrette, Banc of America Securities in New York, and GE Capital and Jefferies & Company in Los Angeles. His focus has been on providing financial advisory services to growth-oriented mid-sized companies. His transaction execution experience spans a range of structures including M&A, public and private equity financings, and high yield, convertible, senior secured and investment grade debt financings across a variety of industries.

Mr. Paterson attended undergraduate studies at University of Western Ontario's Richard Ivey School of Business where he obtained an Honours Bachelor of Arts in Business Administration, and graduate studies at the University of Michigan's Ross School of Business where he obtained a Master of Business Administration.

This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. 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. 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. 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.

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