Beaufield Resources Inc.
TSX VENTURE : BFD

Beaufield Resources Inc.

February 22, 2007 09:48 ET

Beaufield Recoups 100% Interest in Raglan-Ungava Nickel Property

OTTAWA, ONTARIO--(CCNMatthews - Feb. 22, 2007) - Beaufield Resources Inc. (TSX VENTURE:BFD)(the "Company") is pleased to announce that it has reached an agreement with the optionee ("Optionee") effective March 2, 2007 whereby Beaufield will recoup 100% of its Raglan property in the Ungava region of Quebec.

Under the terms of the Option Agreement, the Optionee had a right to earn up to 75% interest by expending $750,000 in work commitments on the property by July 1, 2008 and then completing a bankable feasibility study on the property.

From Beaufield's perspective, the Raglan property represents a key holding in one of the World's most active nickel mining regions. Since purchasing Falconbridge Limited, Xstrata is following up on a major expansion of the Raglan operation. Beaufield management considers that its property is strategically located and could eventually play a part in the evolution of the Raglan camp. The Beaufield property is located 4 kilometres due east of Xstrata's Donaldson nickel mine and covers 5km of the geological horizon that hosts the nickel mines.

Beaufield management is now considering options on how to best advance the project in the best interest of its shareholders.

The TSX Venture Exchange (TSX-V) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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