Bayfield Ventures Corp.

Bayfield Ventures Corp.

November 29, 2006 09:15 ET

Bayfield Ventures Corp.: Option Agreements Signed for 2 Properties Immediately West & Southwest of Rainy River Resources, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 29, 2006) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FWB:B4N) announces that, further to its News Release on November 10th, the Company has entered into a formal Option Agreement for the acquisition of a 100% interest the "C" claim block, consisting of 49 units totaling approximately 800 hectares located in the southeast portion of Sifton Township, northwestern Ontario. The Company will not be proceeding with the acquisition of the D1, D2, and E claim blocks. The "C" claim block is well located to the immediate west of the #17, the #433, and the new ODM gold zones of Rainy River Resources Ltd. property. (See their news releases on November 1st, 3rd, and 9th)

Further to Bayfield Ventures News Release on November 15th, the Company has also finalized a formal Option Agreement for the acquisition of a 50% interest in the "A" claim block, consisting of 8 units totaling approximately 131 hectares, which is located approximately 1000 metres to the immediate southwest of the recently announced new ODM gold zone discovery of Rainy River Resources.

Rainy River Claims Map:

The newly acquired properties are well located within the greenstone belt that is known to host the Rainy River Resources gold deposits. The attitude of the reported gold zones is identical to a series of interpreted northwest trending faults. These faults are very evident from the regional magnetic data and crosscut the volcanic belt along a 15 kilometre strike length. The northwest trending faults served as the focus for the emplacement of a number of late diabase dikes in the area.

Rainy River Magnetic Data Map:

Bayfield Ventures is of the belief that the deposits being outlined by Rainy River Resources at this time confirm the area as a mineral camp in its infancy of exploration. The land position with the crosscutting structures and well developed infrastructure now under option to Bayfield Ventures represent an excellent starting point in this emerging mineral camp.

The Company will embark on an aggressive mineral exploration program on its newly acquired ground at the beginning of 2007. A detailed overburden drill program will be undertaken, and grids are to be established immediately, to be able to conduct detailed ground geophysics as a lead into a drill program this winter.

Bayfield Ventures continues to be aggressive in the acquisition of additional acreage in the immediate vicinity of the Rainy River Resources new gold discovery.

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 exploration for gold in Northwestern Ontario, diamonds in Central Saskatchewan, Canada, and copper-gold and coal in the South Gobi region of Mongolia. Property partners include Goldcorp and BHP Billiton.

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

For further information on Rainy River Resources Ltd., 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.

Contact Information

  • Bayfield Ventures Corp.
    Donald C Huston
    (604) 687-3376 or Toll Free: 1-800-567-8181
    Bayfield Ventures Corp.
    Don Myers
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)