eResearch

eResearch

February 26, 2008 16:20 ET

eResearch Initiates Coverage on Starfield Resources Inc. with Speculative Buy Rating and One-Year Target Price of $2.10

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2008) - A star is rising. Base metals, PGEs, possibly diamonds, a massive 100%-owned property, well-financed, management with proven capabilities to bring start-up mines into production, an innovative hydro-metallurgical ore-processing technique, technical reports in place, a scoping study expected in the near future, and strong investor interest are all ingredients to suggest an exceptional opportunity exists to partake in an exciting junior mining growth story, and all right here in Canada.

Starfield Resources Inc. is a mineral exploration company focused on its 100%-owned Ferguson Lake copper-nickel-cobalt-PGE(platinum-palladium-rhodium) property in Nunavut Territory, Canada. The Ferguson Lake project, which spans 1.3 million acres or 439,778 hectares, is the largest base metal and Platinum Group Elements (PGE) project in Nunavut, and probably the largest on-going massive sulphide nickel-copper-cobalt exploration project in the world.

In our view, the key to unlocking the enormous potential of this massive property lies with the technological break-through that the Company and its consultants have made in developing a novel, environmentally friendly, and energy-efficient hydro-metallurgical extraction process that improves recovery of the ores.

The potential existence of kimberlite pipes on the property, which is usually indicative of the possibility of diamonds, may help support the value of Starfield's properties in the future.

This Press Release was prepared by eResearch and was not vetted by Starfield Resources Inc. Further, the Recommendation and Target Price contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Starfield Resources Inc.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Starfield Resources Inc. paid eResearch a fee of C$20,000 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

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