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Starfield closes US$15.1 million private placement offering

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Starfield Resources Inc.

On March 27, 2007, Starfield Resources Inc. announced that it had closed its previously announced private placement offering. Westwind Partners Inc. and Westwind Partners (UK) Limited acted as the lead agents for a syndicate of agents including Dundee Securities Corp. in connection with the Offering and they exercised in full an agents' option that allowed them to increase the size of the Offering by $3.1 million for total gross proceeds to Starfield of $15.1 million. Starfield issued 31,249,999 units of the Company at a price of $0.24 per Unit and 27,142,855 flow-through common shares of the Company at a price of $0.28 per Flow-Through Share in accordance with the terms of the Offering. Starfield will use the proceeds from the Offering for general exploration expenditures and general working capital purposes. Starfield Resources Inc. is an advanced exploration and development company focused on its Ferguson Lake Copper-Nickel-Cobalt-Palladium-Platinum property located in Nunavut, Canada. The Ferguson Lake property covers more than 1.3 million acres and is 100% owned by the Company. Starfield's Ferguson Lake Project is unfolding as Nunavut's largest ongoing base and precious metal project. Starfield was advised in this transaction by a team from Fasken Martineau led by Craig Brown and including Geoff Clarke and Brad Freelan (corporate finance) and Bill Bies (tax).



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