Snowfield Development Corp.

Snowfield Development Corp.

November 30, 2007 03:01 ET

Snowfield Development Corp.: 100 Tonnes Delivered to Grande Prairie, Alberta!!

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2007) - Snowfield Development Corp. ("Snowfield" or the "Company") (TSX VENTURE:SNO) has reached a significant milestone in the process of exploring, and ultimately, evaluating the viability of its Ticho Diamond Project located approximately 55km South East of Yellowknife, NWT.

The delivery of the first 100 tonnes of kimberlite, of a 500 tonne total bulk sample, to DeBeers Canada Exploration Ltd. Dense Media Separation Plant, located in Grande Prairie, AB, will enable DeBeers to begin processing the kimberlite on December 3, 2007. This processing is expected to take ten days. The Company's Qualified Person, as defined by National Policy 43-101 will be on site in Grande Prairie to audit the procedure. The remaining 400 tonnes are expected to arrive at DeBeers Grande Prairie facility in February 2008 with processing scheduled for March 2008.

The Mud Lake kimberlite, part of the Ticho Project, was sampled in the spring and summer of 2007. The 500 tonnes of kimberlite was then crushed, bagged and sealed on site under relevant security procedures. The full 500 tonnes was scheduled to be shipped by barge for transportation to Hay River, NWT and Grande Prairie, Alberta. However, due to the failure of the barge company to meet its commitment to transport the kimberlite, 100 tonnes was airlifted by helicopter. The remaining 400 tonnes will be trucked out as ice road conditions permit, historically the month of February. The ability of the Company to make alternate plans to move the kimberlite is further testament to the advantage of the Ticho Project's location. The proximity to Yellowknife, with its associated infrastructure, provides Snowfield with a considerable benefit, both in terms of cost and availability of options in its ongoing exploration of the Ticho Project.

The initial 100 tonnes will yield approximately 1 tonne of concentrate. Previously conducted caustic fusion analysis of a small sample of drill core from the Mud Lake kimberlite confirmed the capacity of the kimberlite to carry macro diamonds. This analysis compared very favorably with other caustic fusion testing carried out by other diamond explorers. The presence of macro-diamonds and significant counts of green garnets - to date the only reported discovery of such garnets in Canada - are considered by the Company to be indicative of the quality of the Mud Lake kimberlite discovery. World-wide the occurrence of green garnets is always associated with producing diamond mines.

The concentrate, when received from DeBeers, will be divided into three batches with two batches being sent to Canadian diamond recovery laboratories and the third batch being sent to DeBeers' laboratory in Johannesburg, South Africa. The Saskatchewan Research Council Diamond Recovery Laboratory has informed Snowfield that it anticipates being able to provide diamond counts to the Company by the end of January 2008. DeBeers diamond recovery counts are expected in March 2008 and the Company awaits scheduling details from Kennecott Canada Exploration's Mineral Processing Laboratory.


Drilling resumed November 16, 2007 with three crews mobilized to the Ticho Project. These crews provide a 24 hour utilization of one drill with the second drill operating on one shift. Both drills are chasing targets to the North East of Mud Lake towards Sipper Lake. Segments of core from a hole designated Swamp #07-01, were submitted for assay. These assays have now been received and no mineralization of interest was reported.

On behalf of the Board of Directors,

Snowfield Development Corp.

Robert T. Paterson, President and Director

Shares Issued: 80,806,869

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