Starfield Resources closes US$20 million private placement offering

On May 6, 2008, Starfield Resources Inc. (TSX: SRU / OTCBB: SRFDF) announced it had closed a private placement offering of common shares for gross proceeds of $20 million. GMP Securities L.P. acted as the lead agent in connection with the offering along with a syndicate of agents that included Dundee Securities Corporation, Thomas Weisel Partners Canada Inc. and National Bank Financial Inc. Starfield issued 15,000,000 flow through common shares of the Company at a price of $1.00 per Flow Through Share and 5,555,556 common shares of the Company at a price of $0.90 per Offered Share in accordance with the terms of the offering. Starfield is an advanced exploration and emerging early stage development company focused on its Ferguson Lake Nickel-Copper-Platinum-Palladium-Cobalt property in Nunavut, Canada. Starfield will use the proceeds from the offering for general exploration expenditures on the Ferguson Lake property and for general working capital purposes. Starfield was advised in this transaction by a team from Fasken Martineau that included Craig Brown, Geoff Clarke, Brad Freelan and Bill Bies (tax) with the assistance of student-at-law Daniel Fuke.