Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") is pleased to announce an additional high grade gold discovery on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated immediately to the east and on strike to Rainy River Resources� (TSX-V: RR) gold project.

Rainy River gold properties claims map:

Highlights:

Drill hole RR10-18 has intersected high grade gold mineralization within the upper portion of a lapilli tuff unit from 488 metres to 516 metres down hole. The intercept totals 28.0 metres at 13.28 g/t gold and includes 10.0 metres of 35.93 g/t gold. The hole targeted the down-dip extension of the 283 Gold Zone in the southern portion of the Burns Block. The 283 Zone was initially discovered by Rainy River Resources in 2008 during their drill program on the Burns Block and is interpreted to be an eastward extension of Rainy River Resources� ODM17 Gold Zone (see Rainy River Resources� news release dated September 16, 2008: The Bayfield news release of August 18, 2010 reported the results from the first four holes in the current 20,000+ metre drill program, which were all drilled into the 283 Zone and all intersected gold. These results were highly encouraging and prompted Bayfield to do more drilling into the zone.

The gold mineralization in RR10-18 continues to show that very high gold grades do occur within broad, mineralized envelopes. The best indication of this fact is that the very high grade 11 metre interval reported in hole RR10-18 is contained within 81 metres of altered volcanic rock grading 2.70 g/t gold. Bayfield has partially delineated two of these envelopes on the Burns Block, the 283 and West Gold Zones, and is currently in the initial stages with a second drill rig of exploring a similar zone of gold mineralization on its 100% owned "B" Block property immediately to the northeast of the Burns Block.

Burns Block drilling exploration map:

Bayfield believes that the West and 283 Gold Zones are, in fact, the up-dip and down-dip extensions of a single, south dipping zone of gold mineralization. Additionally, the initial examination of the position and geologic setting of the high grade gold intercept in RR10-18 strongly suggests that this mineralization represents the down plunge extension of the mineralized 606 High Grade Zone in hole RR10-15 which intersected 31.71 g/t gold over 3.0 metres within 12.88 g/t gold over 9.0 metres (see Bayfield�s news release of August 24, 2010). The linear distance between the shallow high grade zone in RR10-15 and the deeper high grade zone in RR10-18 reported here is in excess of 400 metres. The plotted geometry of the two intercepts strongly indicates that a high grade gold shoot of a size, thickness and grade similar to those being delineated by Rainy River Resources to the west has been found by Bayfield on the Burns Block.

Infill drilling of the high grade shoot will commence as soon as the drill rig has completed a critically important fence of drill holes in the northern section of the Burns Block. This current fence of holes is exploring the up-dip portion of the West Gold Zone and has been slightly modified to also explore for the up-dip portion of the 606 High Grade Zone in hole RR10-15.

Significant gold intercepts from the latest batch of assay results for holes RR10-17 and RR10-18 are listed in the table below. Hole RR10-17 was drilled from the same collar as RR10-18. Due to the flatter dip of hole RR10-17, the distance between it and hole RR10-18 is approximately 100 metres (EOH) in the area of the strong mineralization of RR10-18. This distance is important in putting the 250 ppb to 1100 ppb gold mineralization in RR10-17 in perspective. It appears that this low grade mineralization represents a portion of the mineralized envelope around the highly mineralized zone in hole RR10-18.

* g/t gold = grams per metric tonne gold

The following chart breaks down the 10.0 metre interval grading 35.93 g/t gold from 497 metres to 507 metres in hole RR10-18:

Hole RR10-18 was drilled to the north at an initial inclination of 88 degrees. The hole flattened to an inclination of 79 degrees towards the end of the hole at 550 metres. Based on the details of core logging of the gold zone in RR10-18, as well as logging results from surrounding holes, the true width of the 10.0 metre down hole interval grading 35.93 g/t gold is estimated to be 80% of true width. This estimate compares very well with the estimated 9.0 metre true width of the zone in hole RR10-15.

Geologic Character of the High Grade Gold Zone

Numerous fine grains (to 2 mm) of visible gold occur in the highest grade portions of the intersection. This mineralogical data, as in the high grade gold zone in RR10-15, strongly suggests that the intersection is not based on sporadic occurrence of very coarse gold but rather due to the presence of pervasive mineralization of microscopic to locally visible gold within the entire zone.

The new gold zone contains moderate to abundant pyrite, sphalerite and intense sericite alteration of the lapilli tuff host rock.The sulfides occur as stringer veinlets and clots, typical of other mineralized zones in the Rainy River area. The zone is strongly deformed and contains scattered quartz veinlets. Fine grained grey sulfides up to 0.5% occur in the high grade interval. This mineral is tentatively identified as galena. Silver assays of the high grade portions of both holes RR10-15 and RR10-18 are currently being completed due to the very strong correlation of the presence of galena and silver values >100 ppm.

Rainy River regional geology map:

The mineralization is localized within the upper portion of a distinctive volcanic lapilli tuff unit within the dominantly intermediate to felsic volcanic rock sequence of the property. This consistent stratigraphic location of strong sericite alteration and abundant gold and sulfide mineralization was first recognized by Bayfield during the 2010 winter drill program at the Burns Block. The mineralization thus has a generally stratabound geometry. However, other crosscutting features, including intense foliation and the presence of quartz veinlets within the mineralized zones strongly suggest structural control of the gold zones, as is typical of the vast majority of gold deposits found in Archean aged rocks worldwide.

Discussion of Assay Results

Bayfield is in the process of studying all data from the strongly mineralized intercept in hole RR10-18. As was mentioned earlier, the position of the new intercept in RR10-18 relative to that in RR10-15 fits very well with the geometry of high grade gold shoots currently being delineated by Rainy River Resources immediately to the west of the Burns Block. It is very likely that the high grade zone intersected at depth in hole RR10-18 is the down plunge extension of the 606 High Grade Gold Zone. In both cases, the high grade gold mineralization occurs within large