Seafield Resources Ltd.
TSX VENTURE : SFF

Seafield Resources Ltd.

December 12, 2011 11:48 ET

Seafield Announces Adoption of United Nations Global Compact

TORONTO, ONTARIO--(Marketwire - Dec. 12, 2011) - Seafield Resources Ltd. (TSX VENTURE:SFF) ("Seafield" or the "Company") is pleased to announce that it has signed on as a member of the United Nations Global Compact. The UN Global Compact is a global initiative for businesses and organizations committed to aligning their operations and strategies with 10 universally accepted principles in the areas of human rights, labour, environment and anti-corruption.

The UN Global Compact is the world's leading voluntary social responsibility policy. With over 8,700 members throughout 130 countries, Seafield is proud to become part of this initiative and highlights the Company's focus on developing a socially responsible project. For further information regarding the policy initiative, please visit: www.unglobalcompact.org.

Seafield is committed to implementing the Global Compact and its principles as part of the strategy, culture and day-to-day operations of the Company and to engage in collaborative projects, which seek to advance the broader development goals of the United Nations, specifically with respect to the Millennium Development Goals.

Coupled with the Global Compact, Seafield has also implemented a number of other programs to progress the project's social responsibility and environmental focus. These include:

  • A partnership with Pereira Technological University to identify key stakeholders and develop joint social and environmental goals
  • Engagement of regional authorities to develop joint guidelines on responsible environmental practices
  • Community and cultural program involvement and commitment to sourcing resources locally to support development

Seafield's President and CEO, Cesar Lopez, stated "We believe social responsibility to be one of the cornerstones of our operations in Colombia. As we continue to develop our project in Quinchia, we are pleased to follow the guidelines set out by the UN Global Compact. Our endorsement of this policy initiative further illustrates our commitment to sustainability and our focus on responsible project development."

About Seafield

Seafield Resources Ltd. is a mineral exploration company focused on acquiring and advancing precious metals projects in Colombia. Seafield's flagship prospects and deposits are located in the Quinchia District, located in the prolific Mid-Cauca gold belt with a land position spanning 6,757 hectares. For more details, please visit www.sffresources.com.

This news release includes certain "forward looking statements" within the meaning of that phrase under Canadian securities laws. 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. Forward-looking statements reflect management's current views with respect to possible future events and conditions and, by their nature, are based on management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking statements are reasonable, such statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking statements. 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. Additional information regarding the material factors and assumptions that were applied in making these forward looking statements as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of our annual and interim Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law. 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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