Seafield Resources Ltd.

Seafield Resources announces further to its August 28, 2014 news release that Minera Seafield S.A.S., the wholly-owned subsidiary of the Company, filed for reorganization agreement under the Colombian law 1116 of 2006. The Company continues to review and consider its alternatives to resolve the situation. At present, there can be no assurance as to what, if any, alternatives might be pursued by the Company.

Seafield Resources announces that further to its July 23, 2014 news release, it did not make an interest payment of CDN$402,317 due July 15, 2014 under its debt facility agreement with RMB Australia Holdings, as lender, and RMB Resources, as agent. On August 28, 2014, the Company received from RMB a Notice of Default and Notice of Intention to Enforce Security under section 244 of the Bankruptcy and Insolvency Act in [...]

Seafield announces that it has granted an aggregate of 15,650,000 incentive stock options to officers, directors, and employees of the Company, pursuant to the Company's stock option plan. The options have been granted at an exercise price of $0.05 per share, expiring on August 8, 2019, vesting immediately. This stock option grant is subject to approval by the TSX Venture Exchange. The granting of these options [...]

Seafield announces that it did not make an interest payment of CDN$402,317 due July 15, 2014 under its debt facility with RMB Resources. The Company continues to discuss with RMB Resources (see press release February 21, 2013) further possible financing and a restructure of the current debt facility. The Company will continue to attempt to maximize its current cash position while these discussions are ongoing.

Seafield Resources is pleased to announce that it is continuing with the "Strategic Alternative" process as announced in November 2013 and expects to have additional news on this in the near future. Furthermore Mr. Cesar Lopez has resigned as Chairman and Director of the company, and Mr. Juan Villarzu has also resigned as director, both for personal reasons. Mr. David Prins has accepted the resignations and thanks [...]

Seafield Resources is pleased to announce the following changes to the Management and Board of Directors of Seafield. Corporate management structure changes have been implemented in line with the future direction of the company and with a view to further reducing corporate overhead expenses. Mr. David Prins has been appointed a director of Seafield and the President and Chief Executive Officer of the Company. "Dave [...]

Seafield Resources is pleased to announce the results of its recent evaluation of all exploration data acquired to date in the Tesorito area at its Quinchía Gold Project, Department of Risaralda, Colombia. Although most of the Company's focus over the last two years has been on advancing the Miraflores gold deposit towards a production decision, ongoing exploration elsewhere on the Company's large landholdings within the extensive gold-copper-molybdenum porphyry system at Quinchía, is confirming that the Tesorito area is a significant new gold-copper-molybdenum mineralized zone worthy of its own focused exploration program. Hig... [...]

Seafield Resources is pleased to report that the Company has now received the final reports on the recently completed Metallurgical, Geotechnical and Hydro-Geological work programs for the current feasibility study on the Miraflores gold-silver deposit, Quinchía, Colombia. Metallurgical Highlights:

Seafield Resources is pleased to provide an update on its Quinchía Project, to comment on the current mining environment and its review of strategic alternatives. Confirmatory Metallurgical Test Work Program, completed as part of the Feasibility Study, suggests reported gold resource may be significantly understated. Seafield's commitment to active engagement with all stakeholders has resulted in strong support from [...]

Seafield Resources is pleased to announce that a National Instrument 43-101 compliant technical report titled "NI 43-101 Technical Report, Preliminary Economic Assessment, Miraflores Property, Quinchía District, Colombia," dated August 2, 2013 has been filed in support of the June 19, 2013 press release outlining the updated Preliminary Economic Assessment at the Company's Miraflores Deposit. The updated PEA was [...]