The TSX Venture Exchange has accepted for filing documentation relating to a letter of intent (LOI) dated April 17, 2012, between Seafield Resources Ltd. and Manitou Gold Inc. Pursuant to the LOI, the company shall have the option to acquire a 100-per-cent interest in a total of 14 patented parcels of mining land and one mining licence of occupation located in the Kenora mining division, Ontario, subject to certain net smelter return and annual advance royalties.

In order to exercise its option, the company must pay a total of $200,000, issue two million shares and incur exploration expenditures of $2.5-million over a three-year period.

For more information, refer to the company's news release dated April 24, 2012.