Snowfield Development Corp.

Snowfield Development Corp.

October 12, 2007 13:37 ET

Snowfield Development Corp.: Private Placement Announcement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2007) - Snowfield Development Corp. (the "Company") (TSX VENTURE:SNO) announces a non-brokered private placement offering of up to 2,500,000 flow-through common shares ("Flow-Through Shares) at a price of $0.25 per Flow-Through Share.

The proceeds from the sale of the Flow-Through Shares, if fully subscribed, of $625,000 will be applied to undertake programs of exploration on the Company's Ticho Project, located near Drybones Bay, approximately 50 km South East of Yellowknife in the Northwest Territories. The private placement will be closed when the final documentation is accepted for filing by the TSX Venture Exchange.

The Flow-Through Shares are subject to a hold period of four (4) months from the distribution date.

On behalf of the Board of Directors, Snowfield Development Corp

Robert T. Paterson, President and Director

Shares Issued: 78,080,869

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents hereof.

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