SER.L Regulatory News (SER)

4 June 2014

Sefton Resources, Inc.

("Sefton" or the "Company")

Update Regarding Proposed Refinancing

Further to the announcement of 6 May 2014 (the "Announcement"), the Board of Sefton wishes to advise shareholders of their efforts to re-finance the Group.

Discussions are continuing with the Bank and the Funder, Hawker Energy LLC (a wholly owned subsidiary of Sara Creek Gold Corp.) and affiliates, regarding the Group's existing borrowing facilities. The Company has entered into an Inter-creditor Agreement, dated 2 June 2014, with the Bank and Funder to extend the time available to the Company to repay the Bank in full. The Inter-creditor Agreement provides for the Funder to advance additional subordinated loans to the Group in two instalments which will fund up to two 30 day extensions of the existing borrowing facilities with the Bank, bringing the aggregate amount of subordinated debt balance up to $1,000,000 (including operational advances and extension payments for June and July). These extension payments advanced to the Group by the Funder will be paid to the Bank in settlement first of accrued interest and then to reduce principal amount of the existing borrowing facilities.

Advances for the first and second 30 day extensions are repayable by the Group to the Funder on 31 July 2014 or will be capitalised on successful conclusion of the Investment.

This interim financing will provide additional time for the Funder to conclude its own financing arrangements in relation to the Investment, the Investment in turn being subject to approval by Sefton's shareholders.

The Company expects to make a further announcement shortly once the final terms are agreed.

In the announcement it stated the incorrect total number of Shares in issue. The correct number is 737,754,990.

(All defined terms have the same meaning as the Announcement unless separately defined.)

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