sfx new valuation $1.10, page-10

VTEM survey to commence late October.

Sheffield’s Managing Director Bruce McQuitty commented:

“The review of historic data confirms an extensive nickel-copper-cobalt anomaly, overlying a sequence of mafic and ultramafic rocks similar to those which host the Nova nickel-copper discovery.”

“This has given us the confidence to accelerate exploration of the Red Bull Project by commissioning a VTEM survey which will target an area of over 140 square kilometres for potential sulphide conductors. This survey is scheduled to commence late October 2012.”

“The Fraser Complex is shaping up as an exciting new nickel-copper province and Sheffield intends to expedite evaluation of its tenement holding within this emerging region.”