Seafield Resources Ltd. provided an update on the progress of the company's technical work program at its Quinchia Gold Project, located in the Risaralda Department of Colombia. The company has commenced activities towards producing a feasibility study by fourth quarter 2013 at the Miraflores advanced-stage gold deposit and plan to commence a drill program to test its newly discovered drill target, Tesorito. On November 30, 2012, the company will make its final option payment and exercise its option to acquire 100% interest in the Miraflores Gold Deposit.

Second quarter 2013, the company will complete its current 8,000-meter infill drilling program at Miraflores consisting of: 1,500 meters of underground drilling targeting the high-grade vein system within the Miraflores breccia pipe to commence in December 2012; 6,500 meters of infill drilling from surface commenced in November 2012. Second quarter 2013, PEA will be updated based on the additional 8,000-meter drill program plus the 5,000-meters of drilling completed in 2012. Fourth quarter 2013, environmental Impact Assessment (EIA) to be delivered to the Colombian regulatory authorities and a 1,500-meter drill program at the company's newly discovered porphyry-style drill target, Tesorito, is scheduled to commence by the end of 2012.