THE U.S./

TORONTO, May 6, 2008 /CNW/ - Starfield Resources Inc. (TSX: SRU / OTCBB: SRFDF) today announced it has closed the private placement offering (the "Offering") of common shares for gross proceeds of $20,000,000.

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. (the "Agents").

Starfield issued 15,000,000 flow through common shares of the Company ("Flow Through Shares") at a price of $1.00 per Flow Through Share and 5,555,556 common shares of the Company ("Offered Shares") at a price of $0.90 per Offered Share in accordance with the terms of the Offering. At the request of the Company, the Agents did not exercise their option to increase the size of the Offering by up to 833,333 additional Offered Shares.

"I am pleased that investors' demand for Starfield's offering resulted in the Company raising $20 million," said Andre J. Douchane, President and CEO of Starfield. "We have an aggressive PGE drill program planned for the summer of 2008 and we also intend to conduct a grassroots surface exploration program to examine the kimberlite and gold potential of our active claims surrounding the Ferguson Lake project. We expect the first assay results from Phase 1 of the 2008 PGE exploration program to be available in late July 2008."

Starfield will use the proceeds from the Offering for general exploration expenditures on the Ferguson Lake property and for general working capital purposes.

With the completion of the Offering, the Company now has 321,807,149 common shares issued and outstanding.