SILVER FIELDS DISCOVERS NEW GOLD VEIN ON KEREMEOS PROPERTY

Silver Fields Resources Inc. is pleased to report that the Company has received additional assays from the Horn Silver Project 30 km east of Keremeos, B.C.

Extensive soil geochemical surveys have been completed in areas of the property which had previously not been explored. One of these areas, named “The Tire Line”, located away from any mine workings, has been found to contain gold values in soils from 15 to 492 ppb over an area about 50 m by 160 m long. Follow-up prospecting uncovered a flat quartz vein, similar to other occurrences on the property, but with interesting gold values rather than silver values. The vein which is almost completely hidden by overburden was uncovered for a distance of 2.5 m and there are now three samples from this interval.

#57533 assaying 13.10 g/t Au over 0.10 m width
#57537 assaying 8.72 g/t Au over 0.17 m width
#57538 assaying 54.10 g/t Au over 0.10 m width


The continuous chip samples represent true vein widths. The ultimate extent of this vein is unknown and trenching is planned in order to further explore it.

President & CEO, Chris England stated “The discovery of this new vein has potentially added substantial value to this property, especially when the silver assays which have been disclosed to date, have been of such high value. We anticipate our planned drill program will be expanded to further explore this new vein.”

Technical material in this news release has been prepared and/or reviewed by Peter G. Folk, P.Eng., an independent Qualified Person as defined in NI43-101. Assays quoted here were performed for Silver Fields Resources Inc. by Acme Analytical Laboratories, Vancouver B.C. using fire assay techniques with a gravimetric finish on a 30 gram charge.

Statements about the Company’s future expectations and all other statements in this press release other than historical facts are “forward looking statements”. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time. The Company’s actual results may differ materially from the expected results.

We seek Safe Harbor.

2011

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