Seafield drilling at Tango Gold / Silver

Seafield Resources Ltd. announces that drilling is underway at the Company’s 100% owned Tango gold/silver property in the Rosario precious metal mining district, Sinaloa, Mexico. This initial reconnaissance drill program will complete some 2,100 metres of reverse circulation drilling on a number of targets with anomalous gold, silver and base metals in soil and rock samples.

Also in Mexico, assay results are pending at Seafield’s Picachos property where NWT Uranium Corp. (NWT) has completed a drill program as part of the requirements of an option agreement in which NWT can earn a 70% interest in the property. Earlier work by NWT included surface sampling which returned some values as high as 145 ounces per ton (4,975 grams per tonne) silver, 0.25 ounce per ton (8.61 g/t) gold.

In Ontario, Seafield is advancing the Elora high grade gold vein system, south of Dryden, where drilling is planned to follow up on encouraging high grade intercepts with visible gold in several of the holes.

Also, in Ontario, Seafield and Noront Resources Ltd. have entered into an agreement pursuant to which Seafield has been granted the option to acquire a 50-per-cent legal and beneficial interest in six claim blocks (covering a total of 96 claim units or approximately 3,840 acres) on the Ring of Fire, McFauld’s Lake area, Ontario, about 60 kilometres north of Noront’s Eagle One high-grade copper-nickel-platinum group element discovery. In addition to the September, 2007, Noront discovery, exploration in the McFauld’s Lake and surrounding area in recent years has identified significant base metal massive sulphide deposits, as well as occurrences of diamonds and gold mineralization.

The Seafield property covers an eight-kilometre stretch of the Ring, which is interpreted to be underlain by metavolcanic and mafic to ultramafic intrusive rocks. Initial exploration over the property consists of a state-of-the-art detailed heli-borne magnetic and electromagnetic geophysical survey which has just recently been completed. The data are currently being prepared for interpretation to define potential targets for follow-up drilling.

In addition Seafield announces that a total of 950,000 options to purchase common shares of Seafield have been granted to directors, officers and consultants at an exercise price of $0.25. The options will expired on February 11, 2013. The grant of options is subject to regulatory approval.