Silver Fields Resources, Inc. (TSXV:SF) announced a non-brokered private placement of 5,000,000 non-flow through units at CAD 0.05 per unit and 3,500,000 flow-through units at CAD 0.07 per unit for gross proceeds of CAD 495,000 on February 21, 2013. Each non-flow through unit consists of one non-flow through common share and one share purchase warrant entitling the holder to acquire one non-flow through common share at an exercise price of CAD 0.10 for the first 12 months and at an exercise price of CAD 0.15 for the second 12 month term of the warrants. Each flow-through unit consists of one flow through common share and one share purchase warrant entitling the holder to acquire one non-flow through common share of the company exercisable at an exercise price of CAD 0.10 for the first 12 months, and then at an exercise price of CAD 0.15 for the second 12 month term of the warrants.

The company will pay a finder's fee of 10% in cash and 10% in agent's warrants. The exercise price of each of the agent's warrants will be CAD 0.10 for the first 12 months of the term of the warrants, and at an exercise price of CAD 0.15 for the second 12 month term of the warrants. The transaction is subject to the approval of the TSX Venture Exchange.