Beaufield Resources Inc.

TSX VENTURE : BFD


Beaufield Resources Inc.

April 29, 2014 11:35 ET

Beaufield Appoints Investment Banking Veteran to the Board

MONTREAL, QUEBEC--(Marketwired - April 29, 2014) - Beaufield Resources Inc. ("Beaufield" or the "Corporation") (TSX VENTURE:BFD) is pleased to announce the appointment of retired Quebec based investment banker Pierre Colas to the Corporation's Board, subject to regulatory approval.

Mr. Colas was most recently Vice-President & Managing Director Investment banking at Industrielle Alliance Securities Inc. ("IAS"). Prior to his appointment at IAS, he was First Vice-President Investment Banking at Desjardins Securities Inc. He has successfully transacted over $5B in equity financing and participated in the initial public offering of more than 100 new companies.

Mr. Colas is a member of the Advisory Committee on the small and midcap companies for the Autorité des marchés financiers ("AMF") in Québec since 2011 and was a member of the TSX Venture Exchange Advisory Committees until recently. Mr. Colas holds a Bachelor degree in Commerce from the University of Concordia, Montreal.

Mr. Hansen stated: Mr. Colas brings over thirty years of experience related to the capital markets and will assist the Board in the areas of corporate finance, mergers and acquisitions, and equity research.

The Board of Directors of Beaufield has approved the granting of options for 400,000 common shares of the Corporation to each of Pierre Colas and James (Jim) Gervais, under the stock option plan of the Corporation. The options exercisable at $0.10 per option are subject to a 4 month hold period and have a term of 5 years. After the grant, the total number of outstanding options under the Corporation's plan is 7,200,000 or approximately 6.5% of the outstanding shares.

Mr. Gervais was appointed to the Corporation's board of directors in January 2014 and elected as a director at the annual meeting of shareholders held in February 2014.

Mr. Gervais graduated from the Royal Military College of Canada in 1962 with a BSc, and attended the Royal Military College of Science (UK). He retired from the Canadian Forces as a Lieutenant General before joining the Public Service of Canada as a senior executive. General Gervais' military career of 35 years consisted of a variety of command and staff appointments in Canada (and abroad), leading to command of the Canadian Army in 1991. He later served for 12 years as Assistant Deputy Minister to three Governors General of Canada.

Mr. Gervais is a Director on the board of Sama Resources Inc., a TSXV base metal exploration company in West Africa, and Chairman of the Canadian Corps of Commissionaires (Ottawa Division), a not-for-profit security firm. He also co-chairs a committee of the Institute for Canadian Citizenship involved with the integration of new Canadians into society.

About Beaufield:

Beaufield is a mineral exploration company with its exploration activity focused in Quebec. Beaufield is well positioned to advance its portfolio of exploration properties and identify other potential opportunities in the mineral exploration or development stage. The Corporation is actively exploring, well financed, has no debt and has excess work credits on its properties.

The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Corporation cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The Corporation expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.

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