OREANDA-NEWS. This announcement is for shareholders of Sefton Resources ("the Company"), which was formerly listed on the Alternative Investment Market ("AIM").

On Tuesday 11 October the requisition for an Extraordinary General Meeting of Sefton was delivered to the Company's registered office in the British Virgin Islands. The resolutions to be put to shareholders, described in the requisition, seek the removal of Clement Chambers and Michael Hodges as directors of the Company, to be replaced by Matthew Benjamin "Ben" Turney and Stuart James Langelaan.

The current board of Sefton has yet to respond to the legal requisition.

Assuming Sefton's board fulfils its legal duties, as required by the 2004 BVI Companies Act of the Companies (BVI) Law 1991, Turney and Langelaan would now like to present their proposal to Sefton's shareholders.

On 08 September 2015 a requisition nominating Clement Chambers and Michael Hodges to take over the board of Sefton was made. The following statement was made to shareholders in support of that requisition:

"Clem Chambers and Michael Hodges need no introductions. They are highly respected city of London (proven) successful, financial businessmen.

The Company will immediately take an aggressive legal stance with the Ellerton 'Greenmail' writ/s seeking to have them struck out in the Denver Federal Courts.

The so called 'Joint Venture Agreement' will be terminated and all monies ($750,000) returned back to the Company accounts.

The New Board will upon success of the EGM immediately pick up where it left the turnaround strategy. They will drive through the strategy to its logical conclusion. Assets located in Indonesia which, as previously stated, are subject to ongoing negotiations, are already in place. We believe we can close the deal within a matter of weeks, if not days. We will seek to close the deal as soon as possible. Further assets in the Bahamas and South America are also on the agenda. A new Chief Executive Officer will be employed. Approaches have already been made to a leading AIM CEO. Who has agreed, in principle, should we be successful, (subject to negotiation package), to take the Company forward.  The Boardroom and the whole process will be made transparent to all shareholders and stakeholders. Shareholder representatives will be re-appointed."

Sefton shareholders are now asked to consider whether they believe this strategy has been successfully executed over the last 11 months, when assessing the merits of Turney and Langelaan's proposal below.