Bayfield Ventures Corp.

January 19, 2012 10:39 ET

Bayfield Ventures Corp. : Bayfield Expands Rainy River Exploration Program with Drilling Commencing on "C" & "B" Block Properties

VANCOUVER, BC--(Marketwire - Jan 19, 2012) -



Suite 2230 - 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA www.bayfieldventures.com

TSX-V Trading Symbol: BYV

Email:info@bayfieldventures.com

January 19, 2012 Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the "Company") is pleased to announce an expanded exploration program on its projects in the Rainy River District of north-western Ontario. Diamond drilling is now underway on the Company's 100% owned, 1,976 acre "C" Block property situated to the west of Rainy River Resources' (TSX: RR) multi-million ounce gold deposit. Additionally, drilling on Bayfield's 100% owned, 1,185 acre "B" Block property will commence immediately. Drilling has resumed after the holiday break on the 100% owned, 80 acre Burns Block flagship project which is situated adjacent to the east and on strike to Rainy River Resources' main ODM17 gold zone.

Rainy River gold properties claims map:

http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf

"C" Block Exploration:

Exploratory drilling of the "C" Block property is now underway. The property is well positioned along the western extension of the Rainy River gold district. The goal of this initial drilling is to establish the character of the bed rock across the property since the vast majority of the property is covered by glacial till deposits. The property is underexplored and constitutes significant blue sky potential for Bayfield in the emerging Rainy River gold district.

"C" Block satellite map with conductors and drill hole location:

http://www.bayfieldventures.com/i/maps/C-Block-Satellite-Map-with- Conductors.jpg

Drill targeting is being guided by the compiled results of ground magnetic surveys completed in 2007 and by the results of helicopter VTEM and magnetic data flown for Bayfield in late 2010. These data compare favourably with similar data collected at the Burns and "B" Block area and suggest that a similar package of rock types is present in both areas. Ten planned holes will complete a south to north transect across the property. Further work will be contingent on the results of this first phase of drilling.

"C" Block total magnetic intensity map and drill hole location:

http://www.bayfieldventures.com/i/maps/C-Block-Total-Magnetic-Intensity- Map.jpg

"B" Block Exploration:

In 2008, Bayfield drilled 2 metres of 5.84 g/t gold in the south-central portion of the "B" Block. This mineralization lies within 200 metres of the surface. However, a small amount of follow-up drilling conducted by Bayfield in 2010 was unsuccessful in extending this mineralized zone. Data from drilling completed on our flagship Burns Block property in 2010 and 2011 has shown a strong tendency for higher-grade gold and silver mineralization to be localized in predominantly north-south trending structures within a pervasive lower-grade mineralized envelope. The drilling completed at the "B" Block in 2010 was not directed at north-south structures and was therefore insufficient in properly targeting the know orientations of gold and silver zones. A series of east to west trending holes has been planned to more efficiently explore for zones of gold and silver mineralization given the geology and structures common in the district. This drilling will commence by January 24(th).

Burns Block Exploration:

Bayfield has resumed the drilling on its flagship Burns Block Project and is currently exploring the property to the east. To date, over 260 holes have been completed on the Burns Block. The Company is consistently intercepting the target sericite altered shear zone while closely watching for additional mineralization in both the hanging wall and footwall of the main zone. Bayfield is also drill testing the high magnetic/conductor anomaly identified by geophysical work completed last December in the northeast quadrant of the Burns Block. Results from this ongoing drilling are still pending.

Updated Burns Block drill hole location map:

http://www.bayfieldventures.com/i/maps/BYV_Burns_Block_Drill_Collar_Map_Nov _2011 .jpg

Bayfield has a remaining 30,000 metres of drilling in its 100,000 metre ongoing program at its Rainy River properties with the bulk of this drilling to be carried out on the Burns Block.

Qualified Person:

Robert Marvin, P.Geo., CPG, VP Exploration for Bayfield Ventures is the Qualified Person as defined by National Instrument 43-101 and supervised both the project field work and the preparation of the technical information in this release.

About Bayfield Ventures Corp.:

Bayfield Ventures Corp. is exploring for gold and silver in the Rainy River District of north-western Ontario.

The Company has 62.8 million shares outstanding and over $4 million in its treasury.

On February 15th, Bayfield Ventures was recognized as a TSX Venture 50® company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and clean technology - based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010.

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

Chairman and CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

This news release may contain certain "Forward-Looking Statements" that may involve a number of 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. For a more detailed discussion of such risks and other factors, refer to the Company's filings with Canadian Securities regulators available on www.sedar.com.









This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Bayfield Ventures Corp. via Thomson Reuters ONE

[HUG#1578832]

Contact Information


  • For further information contact myself or:

    Don Myers

    Director

    Bayfield Ventures Corp.

    Telephone: 604-687-3376

    Toll Free: 800-567-8181

    Facsimile: 604-687-3119

    Email: Email Contact

    Other Contact:

    Envoy Strategic Partners Investor Relations

    Jay Bedard

    Telephone: 416-977-7778

    Email: Email Contact