AMM Almaden Minerals Ltd New

Further to its press release of March 5, 2010 announcing a formal agreement
between Seafield Resources Ltd. ("Seafield" or the "Company,") (TSX VENTURE:SFF)
and privately owned Caribbean Copper and Gold Corp. ("CCGC"), Seafield has now
finalized an option agreement with the Association of Miners of Miraflores
("AMM") to acquire 100% interest in the Miraflores property located in the
Quinchia district of Colombia. The Miraflores property consists of a 124 hectare
mineral exploitation contract and hosts the Miraflores gold deposit. AMM
currently operates a small underground mine at Miraflores which produces about 8
tonnes per day.


Seafield has completed a National Instrument 43-101 compliant initial inferred
resource on the Miraflores deposit. The property contains an estimated 776,000
ounces of gold grading 1.3 g/t gold at a cut-off grade of 0.5 g/t Au. The
mineral resource estimate is based on 3,624 metres of drilling in ten diamond
drill holes and 154 underground samples. 


The Miraflores property is located within the Quinchia gold mining district and
has been the site of artisanal mining since Pre-Columbian times. Mineralization
in Quinchia is genetically linked to the emplacement of a cluster of
Miocene-aged porphyry bodies. Magmatic hydrothermal deposit types such as
Miraflores are associated with the cooling history of the porphyries.


The Miraflores deposit occurs within a hydrothermal breccia body and is roughly
circular in shape, measuring some 280 metres by 250 metres in outcrop. It has
been traced by drilling for over 600 metres in vertical extent and remains open
at depth. During the period 2005-2007, AngloGold Ashanti Limited and B2Gold Corp
completed the diamond drilling and underground sampling and were successful in
delineating the significant low-grade large-tonnage Au-Ag deposit which forms
the current inferred resource and is potentially amenable to bulk-tonnage mining
and mineral extraction techniques.


The option agreement calls for cash payments of US$1.5 million in five payments
over two years and a final option payment of US$1.5 million within 30 months of
the initial signing date. For facilitating the option Seafield will issue to
CCGC 2,000,000 common shares of Seafield and pay US$100,000. If Seafield elects
to continue with the option after the first anniversary of the signing of the
agreement with CCGC, it will issue a further 1,000,000 common shares of Seafield
and pay CCGC a further US$125,000.


Ian Park, President of Minera Seafield SAS, stated that "our consolidation of
properties in the Quinchia district continues, and Miraflores is the first step
in developing a number of deposits. This would include Dos Quebradas where we
are currently defining drill targets as well as other acquisitions which are
pending."


The company expects to begin drilling within the next several weeks at
Miraflores to further define and expand the initial resource.


Qualified Person. Scott Wilson of Scott E. Wilson Consulting, Inc. of Englewood,
Colorado prepared the Miraflores Project resource estimates. The Company will
file a NI 43-101 technical report in support of the technical information in
this press release within 45 days.


Mr. Wilson is an independent qualified person as defined by National Instrument
43-101 and has prepared or reviewed the preparation of the information which
forms the basis of this press release. He is a Certified Professional Geologist
and member of the American Institute of Professional Geologists (CPG #10965) and
a Registered Member (#4025107) of the Society of Mining and Metallurgy and
Exploration, Inc., a professional association and designation recognized by the
Canadian regulatory authorities. Mr. Wilson verified the data disclosed in this
release, including the sampling, analytical and test data underlying the
information contained in this release. Verification included a review and
validation of the applicable assay databases and reviews of assay certificates.


Sample Preparation, Assays, QA/QC. The samples were prepared by ALS Chemex at a
sample preparation facility Bogota, Colombia, and were assayed at their
laboratory in Lima, Peru. Gold was assayed by fire assay with atomic absorption
spectrophotometer ("AAS") or gravimetric finish. Silver was assayed by four acid
digestion and AAS finish. Blank, standard and duplicate samples were routinely
inserted for quality assurance and quality control.


This news release includes certain "forward looking statements" within the
meaning of that phrase under Canadian securities laws. Without limitation,
statements regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company are forward looking
statements that involve various degrees of risk. Forward-looking statements
reflect management's current views with respect to possible future events and
conditions and, by their nature, are based on management's beliefs and
assumptions and subject to known and unknown risks and uncertainties, both
general and specific to the Company. Although the Company believes the
expectations expressed in such forward-looking statements are reasonable, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in our forward-looking statements.
The following are important factors that could cause the Company's actual
results to differ materially from those expressed or implied by such forward
looking statements: changes in the world wide price of commodities, general
market conditions, risks inherent in exploration, risks associated with
development, construction and mining operations, the uncertainty of future
profitability and the uncertainty of access to additional capital. Additional
information regarding the material factors and assumptions that were applied in
making these forward looking statements as well as the various risks and
uncertainties we face are described in greater detail in the "Risk Factors"
section of our annual and interim Management's Discussion and Analysis of our
financial results and other continuous disclosure documents and financial
statements we file with the Canadian securities regulatory authorities which are
available at www.sedar.com. The Company undertakes no obligation to update this
forward-looking information except as required by applicable law. The Company
relies on litigation protection for forward looking statements.

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