Beaufield Resources Inc.

Beaufield Resources Inc.

September 08, 2011 12:08 ET

Beaufield Completes Summer Field Work at Schefferville Iron

OTTAWA, ONTARIO--(Marketwire - Sept. 8, 2011) - Beaufield Resources Inc. (TSX VENTURE:BFD) (the "Company") has completed 7 weeks of helicopter supported geology and sampling on the Schefferville Iron project. A total of 820 rock samples and 1,307 B-horizon soil samples have been sent to ALS Chemex for analysis.

The work involved follow-up of a series of significant ground and airborne gravity anomalies typically indicative of DSO (Direct Shipping Ore) iron oxide targets in the Sokoman Iron formation. Old trenches by the Iron Ore Company of Canada from the 1950's and 1960's have been located, mapped and sampled. Roads and trails linking the property to Schefferville were mapped. Accessibility is considerably better than anticipated.

Four DSO iron deposits owned by others are located inside Beaufield's boundaries; geophysics and mapping show these to extend on to Beaufield's ground. Several DSO deposits being developed by others are located on adjoining properties leading to improved infrastructure. Both DSO and taconite have been mapped and sampled.

Beaufield has recently increased its available exploration funds via a bought deal private placement (Press release of September 2, 2011). Beaufield believes that company's Schefferville property will be a key property in the development of this area. The Quebec Government's newly announced "Plan du Nord" emphasizes the future importance of Schefferville.

A 43-101 technical report of the Tortigny Zinc-Copper-Silver deposit is underway. A helicopter supported field exploration program will begin mid September. The objective will be to locate satellite deposits of which the known Moleon deposit is one. The 43-101 technical report will provide the basis for the next steps at Tortigny.

At Opinaca Beaufield is observing advancement at the Eleonore Gold deposit owned by Goldcorp before initiating additional exploration. Two gold exploration properties, namely Hemlo-Northern Eagle and Urban are being funded by others.

Beaufield owns 100% of Schefferville, Tortigny and Opinaca. By the end of September 2011, the company will have approximately $9 million funding available following the closing of the recently announced $2 million financing.

David Frappier-Rivard, P.Geo., Exploration Manager is the Qualified Person, as defined by National Instrument 43-101 and supervised both the project field and the preparation of the technical information in this release.

About Beaufield Resources Inc.

Beaufield Resources Inc has diversified properties with exposure to gold, base metals, and uranium, all located in the provinces of Quebec and Ontario. The company is focused on building shareholder wealth by acquiring, exploring and developing high-quality exploration prospects resulting in discovery.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. Forward looking statements in this press release may be identified by the words "estimate", "believe", "anticipate", "intend", "expect", "plan", "may", "should", "will", and the negative thereof or other variations thereon or comparable terminology. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company's control. These factors include: results and timing of exploration activities, general market and industry conditions and other risks disclosed in the Company's filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company 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. Depending on exploration results and available financing, the Company may at any point modify the suggested work program for 2011.

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

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