Bayfield Ventures Corp.
TSX VENTURE : BYV

Bayfield Ventures Corp.

April 06, 2006 14:38 ET

Bayfield Retains Legal Counsel in Mongolia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 6, 2006) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (Bayfield) has been advised that an individual had filed an application for a license overlapping 2 of 3 licenses, which Bayfield has held since January 2004, with the Mongolian Government's Resources and Petroleum Authority (MPRAM) in Ulaanbaatar, Mongolia. MPRAM denied the individual's license application because they were overlapping Bayfield's licenses. The individual appealed the decision to MPRAM and again MPRAM rejected the individual's application. The Company was never notified or made a party to these applications.

The claimant subsequently commenced an administrative action against the Mongolian Government's MPRAM in Ulaanbaatar, Mongolia alleging irregularities in the Government's license renewal process. In order to protect its interest, Bayfield has retained counsel in Mongolia and was added as a third party in the Administrative Court proceedings. The Company has been advised by its counsel that the Administrative Court has ruled against MPRAM. The Company's counsel has not received written reasons for the decision at this time. The Company has instructed its counsel to appeal the decision and is confident that the appeal will uphold two previous MPRAM decisions denying this individual's claims and is taking all appropriate steps to protect its interests.

BAYFIELD VENTURES CORP. is actively involved in the exploration and development of copper-gold & coal properties in the South Gobi region of Mongolia, and a gold property in the Red Lake region of northwestern Ontario, Canada.

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

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"

JAMES G. PETTIT

Director

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 Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

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