Bayfield Ventures Corp.
TSX VENTURE : BYV
FRANKFURT : B4N

Bayfield Ventures Corp.

October 11, 2007 12:03 ET

Bayfield Ventures Corp.: Rainy River Option Agreement on Additional Parcel, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2007) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) announces that the Company has added an additional property to its sizable land package in the Rainy River District of northwestern Ontario.

Rainy River Ontario Claims Map:
http://www.bayfieldventures.com/i/maps/BYV-RR-Area-all.gif

Bayfield has entered into an Option Agreement with Kenneth, Brian, Stephen and Robert Burns (the "Optionors"), to earn 100% in certain patented mineral rights totaling 80 acres located in Richardson Township (Parcel #15961). In consideration, the Optionors will receive total cash payments of $145,000.00 and will be issued a total of 340,000 shares over a four year period. The Parcel #15961 property is subject to a 2% net smelter return royalty. The Company has been granted a right to purchase one-half (1%) of the net smelter return for the sum of $1,000,000.

Parcel #15961, Richardson Township, is geologically ideally located and adjoining the immediate east of the Rainy River Resources ongoing drill program at the #17 Zone, the ODM Zone, and the # 433 Zone gold discovery area. The new property is also located to the immediate southwest of Bayfield Ventures Claim Block "B" property.

Bayfield will initiate an immediate work program on this new parcel with a grid being established and a magnetometer and a horizontal loop EM survey being completed in preparation for an immediate drill program.

This Option Agreement is subject to the acceptance by the TSX Venture Exchange.

Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario, and copper-gold and coal in the South Gobi region of Mongolia. Property partners include Goldcorp and BHP Billiton.

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

DONALD C. HUSTON, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture and Frankfurt Stock Exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this press release.

Contact Information

  • Bayfield Ventures Corp.
    Donald C. Huston
    President
    (604) 687-3376 or Toll Free: 800-567-8181
    (604) 687-3119 (FAX)
    or
    Bayfield Ventures Corp.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 800-567-8181
    (604) 687-3119 (FAX)
    Email: info@bayfieldventures.com
    Website: www.bayfieldventures.com