Mr. Jens Hansen reports
BEAUFIELD RESUMES EXPLORATION FOCUS
Due to the current financial and market conditions for resource companies, Beaufield Resources Inc.'s board of directors has decided to terminate the Balmat zinc mine due diligence process and has notified Hudbay accordingly (see press releases of Feb. 19, 2013, and Feb. 27, 2013).
As a consequence of Beaufield's decision to resume an exploration development focus, the company terminated the contract of its president and chief executive officer, Kevin Weston, mining engineer; and Mr. Weston has resigned as director of the company. The board of directors thanks Mr. Weston for his dedication and contribution.
Beaufield has a 2013 exploration budget of $2-million to pursue advancement of its key projects: Opinaca, Tortigny and Schefferville. The board of directors has nominated Jens E. Hansen as interim president and chief executive officer.
We seek Safe Harbor.
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