Beaufield Resources Inc.

Beaufield Resources Inc.

July 18, 2012 08:30 ET

Beaufield Resumes Exploration

OTTAWA, ONTARIO--(Marketwire - July 18, 2012) - Beaufield Resources Inc. ("Beaufield" or the "Company") (TSX VENTURE:BFD) has resumed regional iron exploration work including drilling on its Schefferville claims (see press release of July 3, 2012). The work consists of early stage exploration drilling. A series of targets are being tested based on geology, geophysics and historical work by the Iron Ore Company of Canada dating back to the 1940s to 1960s.

It is anticipated that this work, scheduled to be completed by the end of August 2012 will lead to the definition of specific priority areas to be drilled in greater detail once the appropriate agreements with the concerned First Nations are in place.

Beaufield's 100% Schefferville property extends from the town of Schefferville in a north westerly direction for 50 kilometres and covers 38,370 hectares. The property hosts a substantial portion of the Sokoman Geological formation which hosts the Schefferville iron deposits that are owned by Beaufield's neighbours. Roads constructed by the Iron Ore Company of Canada during its previous mining operations run the length of the property hence facilitating access.

For additional information and a 43-101 technical report please refer to Beaufield's website at

This news release has been prepared by Jens E. Hansen, P.Eng., President and CEO of Beaufield, the Qualified Person under section 43-101 with assistance from Mathieu Stephens, project geologist for the Schefferville project.

About Beaufield:

Beaufield is a mineral exploration company with its exploration activity focused on Quebec.

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 Company cannot provide any guarantee as to the materialization of the expectations reflected in these 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 2012.

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.

Contact Information