Seafield Resources Ltd.

Seafield Resources Ltd.

August 18, 2011 13:10 ET

Seafield Appoints CFO and Announces Two New Hires for Its Colombia Operations

TORONTO, ONTARIO--(Marketwire - Aug. 18, 2011) - Seafield Resources Ltd. ("Seafield" or the "Company") (TSX VENTURE:SFF) is pleased to report that Stephanie Ashton has been appointed Chief Financial Officer of the Company. Mrs. Ashton, who is fluent in Spanish and French, has an MBA in International Tax and Legal Strategy from HEC Paris, an M.Sc. in Mineral Economics from the Universidad de Chile, has provided consulting and management services to mining exploration companies operating in Latin America for more than 15 years.

Seafield also continues to improve its operations in Colombia (please see news release dated August 11th, announcing the appointment of a General Manager for Seafield Colombia). Today, the Company is pleased to report the hiring of an in-house Colombian legal counsel and an office manager for its Colombian operations.

Isaac Bedoya is now Seafield's Colombian in-house counsel. Mr. Bedoya is an attorney that is specialized in mining and energy law. He has worked for the Mining and Energy Ministry of Colombia directly and as a consultant for over 10 years, as well as for Ingeominas, the Colombian Geological Survey.

Cesar Lopez, Seafield President & CEO stated, "Seafield's strategic objectives in Colombia are to make property acquisitions and consolidate further its land position in the Quinchia District. With Isaac and his experience in mining law, we have the best person for the job."

Seafield Colombia is also pleased to announce the hiring of Vladimir Alvarez who will be the Office Manager for the Seafield's operations in Colombia, coordinating all of the administrative support functions for the Colombian operations. Mr. Alvarez has over 15 years experience in administration and finance and in establishing offices for foreign mining companies operating in Colombia, including both Colombian subsidiaries of Ventana Gold Corp and Greystar Resources.

The Company would like to thank Douglas Wu for his services as Interim CFO of the company during the transitional phase of the new management team. He will remain a Director of the Company.

About Seafield

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

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 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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