Seafield Resources Ltd.

Seafield Resources Ltd.

December 10, 2007 17:51 ET

Seafield Resources Announces Drilling Completed at Picachos, Mexico, Financing Planned for Winter Drill Program at Dryden, Ontario, and Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - Dec. 10, 2007) - Seafield Resources Ltd. ("Seafield" or, the "Company")(TSX VENTURE:SFF), is pleased to announce that an initial drill program has been completed at the Company's 7,700-hectare Picachos project in Durango, Mexico, where NWT Uranium Corp. ("NWT") has an option to earn a 70% interest. In total, 3,125.5 metres were drilled in 21 reverse circulation holes and samples have been shipped for analysis. Drilling at Los Cochis tested the El Fresno target, which is characterized by high silver geochemistry on surface. Earlier rock chip-channel and grab samples returned individual values of up to 145 ounces per ton (4,975 grams per tonne) silver, 0.25 ounce per ton (8.61 g/t) gold, 53 per cent zinc as well as 50 per cent lead.

"Based on visual logging and on-site hand-held instrument X-ray analysis of the drill samples, 18 of 21 holes contain zinc and silver mineralization," said Marek Kreczmer, president and CEO of NWT. "Mineralization occurs as veins and disseminations in propylitic altered andesitic rocks of the lower volcanic group. While higher-grade intervals of mineralization related to veining were intercepted in several holes, NWT is particularly excited about the possibility that wider intervals of disseminated mineralization may carry enough silver, gold, lead and zinc for a large-tonnage, open-pit mine."

Seafield also announces plans to raise up to $1,400,000 in a non brokered private placement by issuing 4,000,000 flow-through shares at a price of $0.35 per share. In addition, Seafield will raise $250,000 by issuing 1 million units at $0.25. Each unit will consist of one common share and one half of one common share purchase warrant exercisable for 12 months at $0.30. Seafield may pay finders fees in connection with these financings.

The flow-through funds will be used in part to finance an estimated 4,000 metre drill program at Seafield's Elora high grade gold project southwest of Dryden in NW Ontario. Previous drilling by Seafield on the Jubilee zone at the Elora property encountered several high grade intercepts with visible gold in four holes. Earlier results from Elora are summarized in Seafield's November 7, 2007 news release.

The Company also intends to issue 800,000 stock options to consultants, officers and directors at $0.29, the closing share price on December 10, 2007.

No Stock Exchange has reviewed or accepted responsibility for the adequacy or accuracy of this news release. 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.

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