AGM Statement

19 June 2013

Sefton Resources, Inc.

("Sefton" or the "Company")

AGM statement

At today's Annual General Meeting of Sefton Resources, Inc. (AIM: SER), the independent oil and gas exploitation and production company with interests in California and Kansas, the Chairman of the Board, Jim Ellerton will comment on the following items.

Highlights:

·; The new three mile section joining the Vanguard pipeline to the LAGGS-Southern Star interstate system which is scheduled to be completed by the end of July 2013.

·; 1,000 Mcf/d is expected to be the initial throughput of gas which is planned to be a combination of the Company's own gas and gas supplied by third parties.

·; The current contract with Southern Star allows for gas sales of up to 10,000 Mcf/d which is planned to be achieved on the back of a development program coupled with deals with third party suppliers over the coming years.

·; Dr Ali expects to complete the thermal simulation study in July 2013. He reports a very good response by the reservoir to steaming with less viscosity and higher reservoir pressure than other reservoirs in this area.

·; Dr Ali's latest progress report is in the form of a presentation that will be posted on the Company's website.

Commenting today, Jim Ellerton, Chairman of the board said:

"Sefton has taken some large steps towards growing the Company's revenue base. Last year oil production began in Kansas and later this year gas sales are expected to commence following the completion of the link between the Vanguard and LAGGS pipelines.

At the same time, the Company looks forward to the completion of the thermal simulation study which is now timetabled to be completed by the end of July. Certainly the past twelve months have seen substantial weakness in the share price despite the progress that is being made in Sefton's operations on the ground."

For further information please visit www.seftonresources.com or contact:

KANSAS TRANSMISSION

The permitting process of joining the LAGGS and Vanguard pipelines is reaching its conclusion. This process involves acquiring "right of way" from necessary landowners and permission to construct a pipeline as well as the involvement of government regulatory agencies. The new three mile section joining the Vanguard pipeline to the LAGGS-Southern Star interstate system is scheduled to be completed by the end of July 2013. Above ground inlets and test points are to be installed along the new length of pipeline that cross any leases held by TEG Midcontinent. By doing this, the line will not need to be shut off in the future and bled down to add any connections from gas wells.

There are two sources and at least 3 gas bearing formations that can provide gas for TEG Transmission to put through its system. Firstly, 150 - 350 Mcf/d from the Company's existing wells with gas primarily from the McLouth formation (with several Coal Bed Methane (CBM) recompletions to add if desired). Secondly, 500 - 1,000 Mcf/d from deeper formations (several "step out" locations are also available) that can be provided by a third party entity that has approached TEG Transmission where an agreement is close to being completed. Thirdly, 150 - 250 Mcf/d from the McLouth formation (also with "step out locations" and additional CBM gas recompletions) that can be supplied by an additional 3rd party which has also approached TEG Transmission.

The various gas wells (and gas bearing formations) will be tested for volume, composition and BTU content over the coming weeks. Approximately 1,000 Mcf/d is expected to be the initial throughput with a development program to support and increase such.

ENHANCED OIL RECOVERY (EOR) PROJECT (CALIFORNIA)

Dr Ali has informed the Company that he expects to complete his thermal simulation report in July 2013. His latest progress report came in the form of a presentation that is to be posted on the Company's website (www.seftonresources.com). In this presentation, Dr Ali makes a number of important points which are highlighted below.

Tapia Canyon is a prolific heavy oil reservoir with over 11 million of barrels of oil in place. The reservoir exhibits good characteristic such as: less viscous oil (230 cp), high reservoir pressure (285 psi) than other reservoirs in this area, shallow (1,100ft), high permeability (several darcies), porosity (25%) and thickness (85ft). Less desirable characteristics are the water drive and the presence of faults.

Heat is the key to heavy oil production, as it lowers oil viscosity thus increasing oil production rate. In steamflooding, the recovery factor is high (50%-60%) with a steam-oil ratio higher than in cyclic steaming, because of heat loss.

The Yule-7 well has been cyclic steamed three times. On average the oil production rate doubled even using small volumes of steam. Total steam injected was 289,000 barrels with total incremental oil of 151,274 barrels to give a steam-oil ratio of 1.9 barrels of oil per barrel of steam which is very good, although, the heating was very localised around the well as opposed to the entire reservoir.

The complexity of the geological model has led to difficulties in simulation runs however to date, the field history match is complete, although runs will be continued to improve it. Final simulation runs are being prepared with selected cyclic steam stimulations and two steamflood scenarios with expected completion in July 2013.

About Sefton

Sefton Resources is an oil and gas exploitation and production company with significant scope to develop its three major areas of interest in onshore United States. Sefton's business strategy is to acquire long life, partially developed reserves with controlling interests, and maximize shareholder value through asset development using the Company's own funds initially then involve third party capital, farm-out or merger. At this time, Sefton operates all its assets, the majority of which are 100% owned.

Currently Sefton has a market capitalisation of approximately £4 million and a higher PV(10) value for its unrisked proved reserves and unproved resources. The key operational focus at this time is on developing three revenue sources from both California and Kansas:

Enhanced Oil Recovery (EOR) projects in California

Sefton owns 100% of two oil fields in the East Ventura Basin, California - Tapia (heavy gravity oil) and Eureka Canyon (medium gravity oil). The current operational focus is to develop Tapia with an active well drilling and work-over programme in conjunction with the use of cyclic steam production enhancement. Sefton engaged Petrel Robertson Consulting to construct a geologic model to be utilised by Dr Farouq Ali, a recognised expert, in a thermal simulation study to fully optimise production and reserve development of the Tapia field. Tapia generates the majority of Sefton's revenue at this time and has 2012 year-end estimated Proved Reserves (P1) of 3.5 million barrels.

Natural Gas Transmission in Kansas

Three gas pipelines have been acquired by Sefton in North East Kansas. The LAGGS pipeline in Leavenworth County has been fully refurbished and is now connected to the Southern Star Interstate Pipeline system which allows gathering, transportation and sales of natural gas outside local Kansas markets. Plans are to join the Vanguard pipeline to the LAGGS system (Leavenworth County) which will increase the scale of this gathering system. This means Sefton will be able to transport its own and third party natural gas to a national market and generate additional revenues. A third pipeline in Anderson County is planned to be connected to an interstate pipeline system in the future, which will provide additional opportunities for redevelopment of oil and natural gas.

Exploration and Production in Kansas

In North East Kansas (Forest City Basin), Sefton has a significant and growing acreage position (Leavenworth and Anderson Counties) where conventional oil, gas and coal bed methane (CBM) prospects have been identified. The current operational focus is in Leavenworth County where a workover, recompletion, surface equipment replacement and leasing programme is under way that will see oil, gas and CBM wells brought back into production. Initial revenues are from oil whilst additional gas assets are being assembled for future development as pipelines become operational. Estimated 2012 year-end Proved Reserves (P1) for the Leavenworth portion of our Kansas assets are 82,653 barrels of oil and 2.06 Bcf of gas; and total unrisked Proved Reserves and Unproved Resources of 832,485 barrels of oil and 14.4 Bcf of gas for the same area.