Bayfield Ventures Corp.
TSX VENTURE : BYV
FRANKFURT : B4N

Bayfield Ventures Corp.

March 28, 2007 12:31 ET

Bayfield Ventures Corp.: Rainy River Claim Block Acquired Adjacent to the East of Company's Claim Block "C" in NW Ontario

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 28, 2007) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) announces that the Company has entered into a formal option agreement with Mr. Leonard Strom of Atikokan, Ontario (the "Optionor') for the acquisition of a 100% interest in the mineral rights to one (1) patented mineral claim comprising 160 acres located along the east border of the Company's "C" claim block. The new property is located in the southeast portion of the Sifton Township, north-western Ontario and is well located to the immediate west of the #17, the #433, and the new ODM gold zones of Rainy River Resources property.

Rainy River Ontario Claims Map:

http://www.bayfieldventures.com/i/maps/BYV-RR-Area-all.gif

Bayfield will earn a 100% in the mineral rights to the Property by issuing cash payments totaling $37,000 and issue share consideration of 55,000 common shares of Bayfield over a three-year working option term. A 2% NSR will remain with the Optionor, with the Company having the right to buy back 1/2 of the NSR for the sum of $750,000.

The above transaction is subject to acceptance of the TSX Venture Exchange.

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 VENTURE:BYV), visit the Company's web site at www.bayfieldventures.com.

ON BEHALF OF THE BOARD OF DIRECTORS

DONALD C HUSTON, President

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
    President
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    or
    Bayfield Ventures Corp.
    Don Myers
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Email: info@bayfieldventures.com
    Website: www.bayfieldventures.com