Bayfield Ventures Corp.

Bayfield Ventures Corp.

November 10, 2006 09:00 ET

Bayfield Ventures Corp.: 4 Properties Acquired Immediately West and Southwest of Rainy River Resources

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 10, 2006) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FWB:B4N) announces that the Company has signed a letter of intent for the acquisition of a 100% interest in four claim blocks consisting of approximately 155 units of approximately 2600 hectares located in the Sifton, Tait, and Pattullo Townships 80 kilometres south of Kenora in northwestern Ontario. A definitive Option Agreement is being finalized.

The 4 properties are located to the immediate west and southwest of Rainy River Resources Ltd. (TSX VENTURE:RR) properties and their latest gold discovery holes. (see their news releases on November 1st, 3rd, and 9th)

Rainy River claims map:

The approximately 2,600 hectares being acquired are located within known volcanic greenstone and sedimentary rocks to the west of the #17 and #34 gold zones of Rainy River Resources. The claim blocks cover ground along a strike length of approximately 10 kilometres. The properties cover similar lithologies and structures to those hosting the gold zones on the Rainy River Resources property.

Jim Pettit, Chairman & CEO of Bayfield Ventures Corp. stated: "We are excited about our new Canadian acquisition, as it adds to our diversified property portfolio including our joint venture in Mongolia."

David J. Busch, B.A., B.Sc., PGeo., is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.

Bayfield Ventures Corp. is actively involved in the acquisition, exploration and development of copper/gold and coal properties in the South Gobi region of Mongolia, diamonds in the Fort a la Corne region of Central Saskatchewan and gold in the Red Lake region of Northwestern Ontario, Canada.

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

For further information on Rainy River Resources Ltd. (TSX VENTURE:RR), visit their web site at



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.

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