🕐20.10.11 - 15:54 Uhr

BAYFIELD DRILLS 5.5M OF 20.23 G/T GOLD AND 39.19 G/T SILVER NEAR SURFACE IN RAINY RIVER, NW ONTARIO






Bayfield Drills 5.5m of 20.23 g/t Gold and 39.19 g/t Silver Near Surface
in Rainy River, NW Ontario

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Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") is pleased to announce additional significant gold and silver intercepts on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated adjacent to the east and on strike to Rainy River Resources (TSX: RR) multi-million ounce gold deposit.

Rainy River Resources latest NI 43-101 resource calculation shows a measured and indicated resource of 4.41 million ounces of gold, averaging 1.17 g/t gold, in addition to an inferred resource of 2.33 million ounces of gold, averaging 0.94 g/t gold. Rainy River considers that the material above the final depth of the conceptual pit shell (450 metres vertical depth) offers reasonable prospects for economic extraction from an open pit using a cut-off grade of 0.35 g/t gold (June 29, 2011 by SRK Consulting (Canada) Inc.).

Rainy River gold properties claims map:

Highlights:

Far North Fence hole RR11-162 intercepted 10.0 metres of high grade mineralization of 11.22 g/t gold and 26.91 g/t silver starting at 52 metres down hole. This intercept contains a high grade core of 5.5 metres grading 20.23 g/t gold and 39.19 g/t silver. Far North Fence infill drilling continues to intercept wide zones of gold and silver mineralization in near surface drilling. Far North Fence hole RR11-159 intercepted 13.50 metres of 2.58 g/t gold and 23.65 g/t silver starting at 59.0 metres down hole. This intercept contains a high grade core of 6.0 metres grading 5.26 g/t gold and 35.01 g/t silver. Hole RR11-107 in the central portion of the Burns property has intersected two zones of gold mineralization located below the main zone including 7.55 metres of 1.31 g/t gold starting at 507 metres down hole and 3 metres of 3.0 g/t gold starting at 605 metres down hole. Assays for twenty eight additional completed holes are pending including several with in the NW high grade area that contain locally abundant electrum.

Discussion of Current Results:

Detailed infill drilling along the Far North Exploration Fence has continued to define a well mineralized shear zone at near surface levels. Success in extending the bonanza grade mineralization intersected in hole RR11-71 both upwards toward surface and laterally is occurring. Holes RR11-159 and RR11-162 where drilled from a common collar located 22 metres southeast of RR11-71. The well mineralized portions of these two holes reported here are of the same style as hole RR11-71 which suggests some level of geologic continuity of the rich, near surface zone. Assays are pending from additional well mineralized intercepts in other holes from this infill drilling program. The goal of the infill program is to increase the value of this near surface, high grade mineralized zone.

Mineralization commences immediately under 15 to 25 metres glacial till cover. Bayfield continues to see high variability in gold and silver content of the mineralized intervals. Note that the 10 metre interval of 11.22 g/t gold reported here for hole RR11-162 contains relatively lower silver averaging 26.91 g/t over the 10 metre interval. This complex, high grade mineralization contains both gold rich and silver rich portions as well as intercepts that are very high in both gold and silver. Work is underway to help determine the mineralogy of the silver mineralization in several drill holes in the Northwest portion of the Burns property.

The pattern of strong gold and silver mineralization being in swarms of mm-scale cracks filled with sulfides and electrum is continuing. These cracks are dominantly oriented at low to sub parallel angle to core axis. This geometry strongly suggests that late, potentially north south oriented fractures were a primary location for deposition of high grade mineralization at the Burns property.

The eastward continuation of reconnaissance drilling on the Burns block has resulted in the discovery of gold mineralization within sericite altered zones well below the main zone. These zones are mineralogically similar to those found in hole RR10-3 completed in February 2010 where a 17 metre interval from 730 to 747 metres contained three mineralized zones in the range of 2.69 g/t to 9.51 g/t gold over one metre minimum lengths. Holes RR11-107 and RR11-108 intercepted five distinct mineralized zones commencing at depths ranging from 507 to 816 metres down hole. As with the mineralized zone deep in RR10-3, the gold and silver mineralization is associated with silica-sericite-pyrite alteration of the dacites wall rocks.

While these deep zones do not currently qualify as resource delineation targets, they do present high quality exploration targets for high grade mineralization as evidenced by the 9.51 gram per tonne gold intercept from hole RR10-3. Bayfield will continue to drill wide spaced holes well into the footwall of the main zone to continue to explore this deeper mineralization on the property.

Updated Burns Block drill hole location map:

Significant Gold and Silver Assay Results:

Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) AuEq (g/t) Drill Fence RR11-117 87.50 110.00 22.50 0.54 28.87 1.18 Far North including 104.00 108.50 4.50 1.46 102.13 3.73 RR11-118 68.00 99.50 31.50 0.30 12.04 0.57 Far North including 72.50 74.00 1.50 1.03 47.30 2.08 RR11-120 34.00 35.50 1.50 3.53 2.50 3.59 Far North 52.00 70.00 18.00 0.53 13.36 0.83 including 62.50 67.00 4.50 1.17 24.57 1.72 RR11-121 46.00 64.00 18.00 0.64 13.35 0.94 Far North including 58.00 61.00 3.00 2.21 37.10 3.03 RR11-128 54.50 56.00 1.50 0.24 7.80 0.41 Far North RR11-139 60.00 60.80 0.80 0.34 1.60 0.38 Far North RR11-159 59.00 72.50 13.50 2.58 23.65 3.11 Far North including 62.00 68.00 6.00 5.26 35.01 6.03 RR11-162 52.00 62.00 10.00 11.22 26.91 11.82 Far North including 55.60 61.10 5.50 20.23 39.19 21.11 RR11-104 124.00 125.50 1.50 0.26 5.90 0.39 North 130.00 131.50 1.50 0.11 11.20 0.36 134.50 136.00 1.50 0.43 1.30 0.46 RR11-109 92.00 93.50 1.50 0.57 1.10 0.59 North 107.00 108.50 1.50 0.24 7.90 0.42 RR11-110 123.00 124.00 1.00 5.75 45.50 6.76 North RR11-111 105.50 107.00 1.50 0.55 3.20 0.62 North 116.00 117.50 1.50 0.37 0.20 0.37 125.00 126.50 1.50 0.57 1.50 0.60 RR11-112 158.00 162.50 4.50 0.31 3.63 0.39 North RR11-125 165.30 166.30 1.00 0.43 7.80 0.60 North RR11-134



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