Bayfield Ventures Corp.
TSX VENTURE : BYV
FRANKFURT : B4N

Bayfield Ventures Corp.

November 24, 2009 13:19 ET

Bayfield Ventures Corp.: Final Option Payment for Block "B" Mineral Claim, Rainy River District, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2009) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company") announces that pursuant to the terms of a Property Option Agreement (the "Agreement") dated November 30, 2006, it has made its final option payment under the Agreement by issuing a total of 40,000 common shares and paid the sum of $40,000 to Helen Pattison (as to 50%), Reino Huitika (as to 25%) and Alex Kereliuk (Estate) (as to 25%).

The Company has now earned a 100% interest, subject to a 2% net smelter return royalty, in the mineral rights to Claim Block "B", consisting of four (4) patented mineral claims comprising 480 acres located in the Chapple Municipality, Richardson Township, Rainy River District, northwestern Ontario.

Rainy River property claims map:
http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf

The common shares issued are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring March 21, 2010.

Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario.

For further information on Bayfield Ventures Corp. (TSX VENTURE:BYV), visit the Company's web site at www.bayfieldventures.com.

ON BEHALF OF THE BOARD OF DIRECTORS

James G. Pettit, Chairman

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Contact Information

  • Bayfield Ventures Corp.
    James G. Pettit
    Chairman
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    or
    Bayfield Ventures Corp.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    info@bayfieldventures.com
    www.bayfieldventures.com