Anfield Announces Sale of Mayaniquel S.A. to Cunico Resources N.V. - Seite 2

The Board of Directors of Anfield, after consultation with its financial and legal advisors and based, in part, upon the unanimous recommendation of an independent committee of the Board, has determined unanimously that the purchase price to be received by Anfield is fair and that the transaction is in the best interest of Anfield. Anfield has engaged Salman Partners Inc. to provide an opinion that the transaction is fair, from a financial point of view, to Anfield.

Anfield will use proceeds from the transaction to repay outstanding indebtedness, fund ongoing general and administrative expenses and finance future acquisitions. As the Mayaniquel project represents substantially all of Anfield's business undertaking, Anfield's management will be seeking other mineral development projects for Anfield to invest in post-closing.

While Anfield will look at different options to invest in and carry on an active business, it cannot provide any assurance that an active or liquid market for its common shares will develop or be sustained after closing of the transaction.

Borden Ladner Gervais LLP are acting as legal counsel to Anfield's independent committee. Baker & McKenzie LLP are acting as legal counsel to Cunico.

Full details of the transaction will be included in an information circular to be mailed to Anfield's shareholders in accordance with applicable securities laws. Copies of the share purchase agreement, the information circular and certain related documents and agreements will be filed with Canadian securities regulators and will be available at the SEDAR website at www.sedar.com under Anfield's profile. The transaction is expected to close on or before June 15, 2014.

About Cunico

Cunico Resources NV is an Amsterdam, Netherlands domiciled international mining and metallurgical company, engaged in the exploration, mining and production of ferro-nickel. It is the largest ferro-nickel producer in Europe and the fourth largest in the world.

About Anfield

Anfield is a Vancouver and Guatemala based nickel exploration company that controls the Mayaniquel nickel laterite project located in eastern Guatemala. The company's shares are traded on the Toronto Stock Exchange (Venture Exchange). The company has 43,401,966 shares issued and outstanding and 46,591,966 issued and outstanding on a fully diluted basis.