Mr. David Douglas reports

EASTFIELD RESOURCES ANNOUNCES PRIVATE PLACEMENT

Eastfield Resources Ltd. intends to raise up to $1-million by way of a non-brokered unit private placement of up to 50 million units at a price of two cents per unit, with each unit to consist of one common share and one share purchase warrant, with each warrant to entitle the holder to purchase an additional common share at a price of five cents for a period of two years from closing.

The placement will be non-brokered, however, the company may pay finders' fees in accordance with the rules and policies of the TSX Venture Exchange. The placement is subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including TSX-V acceptance.

Certain insiders of the company may participate, with full particulars of such participation to be included in the news release announcing the closing of the placement.

The proceeds will be used by the company to conduct an exploration program at its mineral projects in British Columbia and for general working capital, including payments to non-arm's-length parties for continuing general administrative services and to investor relations activities not to exceed 10 per cent of the proceeds.

The securities issued pursuant to this placement will be subject to a hold period expiring four months and one day from the date of issuance in accordance with applicable Canadian securities laws.