Beaufield Resources Inc.
TSX VENTURE : BFD

Beaufield Resources Inc.

January 17, 2007 08:30 ET

Beaufield Acquires 100% of Opinaca Property

OTTAWA, ONTARIO--(CCNMatthews - Jan. 17, 2007) - Beaufield Resources Inc. (TSX VENTURE:BFD) (the "Company") which already owns 80% of the Opinaca property, is pleased to announce that it has reached an agreement to acquire, subject to the Exchange approval, the 20% carried interest of Geotest Corporation ("Geotest") in 185 mineral claims comprising the Company's Opinaca gold project adjacent to Goldcorp Inc.'s Eleonore property in the James Bay region of Quebec. Geotest will receive 800,000 common shares of Beaufield and retain a 0.5% net smelter returns royalty over the entire 185 claims. Upon completion of the transaction, the Company will own a 100% interest in those mineral claims subject only to the 0.5% NSR.

Geotest is a private company controlled by the President of the Company.

Beaufield is very encouraged by the gold and molybdenum exploration results to date. The property occupies a key land position in the new, emerging Opinaca gold camp.

The TSX Venture Exchange (TSX-V) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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