Silver Fields Resources Inc. Announces Keremeos Project Assays

VANCOUVER, 08/16/11 - Silver Fields Resources Inc. (TSX VENTURE: SF) (FRANKFURT: RLQ) (the 'Company') ('Silver Fields') is pleased to report the following assays from the Company's project located at the Horn Silver property east of Keremeos, B.C.

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Sample No.           Au g/t      Au opt      Ag g/t      Ag opt    Width (m)
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Silver Dart 1          0.96       0.028         734       21.41         0.6
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Silver Dart 2          2.02       0.059         883       25.75         0.7
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Silver Dart 3          1.19       0.035         956       27.88         0.4
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Silver Dart 4          1.47       0.043         125        3.65         0.4
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Silver Dart 5          5.69       0.166         872        25.4         0.4
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Silver Dart 6          0.36       0.010         937       27.33         0.5
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Silver Dart 7          0.32       0.009         547       15.95         0.5
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Silver Dart 8          0.18       0.005          91        2.65         0.4
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Cow Trail 1            3.67       0.107         996       29.05        0.12
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Cow Trail 2            6.21       0.181        1603       46.75        0.11
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Cow Trail 3            5.46       0.159        1625       47.40        0.15
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Cow Trail 4            0.04       0.001          12        0.35        0.12
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Cow Trail 5            0.96       0.028         200        5.83        0.05
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Cow Trail 6            0.14       0.004          51        1.49        0.08
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Cow Trail 7            0.13       0.004          73        2.13        0.18
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Cow Trail 8            0.75       0.022         142        4.14         0.2
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Cow Trail 9            0.85       0.025         186        5.43        0.15
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1 troy ounce per short ton = 34.2857 grams per metric tonne

The first 8 results sampled a flat vein within and near to an adit historically named the 'Silver Dart' which is in steep terrain about 400 metres vertically above, and about 400 metres horizontally east from the productive area of the Horn Silver Mine (known more recently as the Dankoe Mines property). Silver Fields geological staff has been unable to find any historical data for this 21 metre long adit and the area has never been drilled. The 'Cow Trail' samples were taken from a newly discovered quartz vein and are located at least 1,100 metres from any productive mine workings. This vein is intermittently exposed for a distance exceeding 40 metres and could not be followed further in this direction because of heavy overburden. The discovery of previously unknown silver-gold mineralization, such a large distance from the old mine, suggests that the productive mineralizing system may be far more extensive than previously thought. The sample widths noted are true vein widths and the chip sampling was done by Peter G. Folk, P. Eng., an independent Qualified Person as defined in NI 43-101.

Results from a soil sample survey consisting of 333 samples have been received. Various anomalies have been recognized and will be subjected to further sampling and field examination in the coming weeks. The results of a one km2 mag-vlf survey have also been received and this datais being analyzed.

Technical material in this news release has been prepared and/or reviewed by Peter Folk, P.Eng., a Qualified Person as defined in NI 43-101. Analyses quoted here were performed for Silver Fields Resources Inc. by Acme Analytical Laboratories, Vancouver B.C. using fire assay techniques with a gravimetric finish on a 30 gram charge.


On behalf of the Board of Directors

Chris England, President and CEO
Silver Fields Resources Inc.



Statements about the Company's future expectations and all other statements in this press release other than historical facts are 'forward looking statements'. The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contacts:

Silver Fields Resources Inc.
Chris England, President and CEO
(604) 684-0454
info@silverfieldsresources.com
www.silverfieldsresources.com