Silver Fields Resources, Inc. (TSXV:SF) announced a non-brokered private placement of 5,000,000 non-flow through units and 5,000,000 flow-through units at CAD 0.05 per unit each for gross proceeds of CAD 500,000 on September 26, 2012. Each non-flow through unit consists of one non-flow through common share and one share purchase warrant. Each warrant entitles the holder to acquire one non-flow through common share at an exercise price of CAD 0.10 for a period of 60 months following the closing date.

Each flow-through unit consists of one flow through common share and one share purchase warrant. Each warrant entitles the holder to acquire one non-flow through common share of the company at a price of CAD 0.10 for a period of 60 months following the closing date of the transaction. The company will pay finder's fee of 10% and plus 10% agent's warrants.

The agent's warrants will be exercisable at a price of CAD 0.10 during the term of the warrants.