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TORONTO, ONTARIO--(Marketwire - May 28, 2010) - Seafield Resources Ltd. (the "Company") (TSX VENTURE:SFF) is pleased to announce that it intends to complete a private placement offering of up to 14,285,714 units ("Units") at a price of $0.175 per Unit, for gross proceeds of up to $2,500,000 (the "Offering"). Each Unit will consist of one common share (a "Common Share") of the Company and one common share purchase warrant (a "Warrant") with each Warrant entitling the holder thereof to purchase a Common Share at an exercise price of $0.25 for a period of two years following the closing of the Offering. The Offering is expected to close on June 4, 2010.

In addition, the Company intends to pay finder's fees equal to 7% of the proceeds of the Offering and will also issue broker warrants, based on 7% of units sold, to parties that refer subscribers to the Company. The broker warrants will allow the holder to acquire Units for a period of two years from the date of issuance exercisable at a price of $0.175 per Unit.

Proceeds of the Offering will be used for exploration of Seafield's Colombian gold properties and general working capital purposes.

The securities issued are subject to a four month hold period from the date of issuance. Completion of the private placement is subject to final acceptance by the TSX Venture Exchange.

This news release includes certain "forward looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. 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. 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. 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.