Winfield Resources closes $450,000 private placement

2008-03-24 14:33 ET - News Release

Mr. Robert Foley reports

WINFIELD CLOSES $450,000 FINANCING

Winfield Resources Ltd. has closed its non-brokered private placement of three million units at 15 cents per unit, each unit comprising one common share and one warrant to acquire an additional common share at a price of 20 cents per share on or before March 14, 2009.

Finders' fees of $5,250 are to be paid in connection with the financing.

The securities issued pursuant to the private placement have a hold period expiring July 15, 2008.

The net proceeds of the financing will be used for general working capital.

We seek Safe Harbor.