Winfield Resources Limited
TSX VENTURE : WWF

Winfield Resources Limited

October 30, 2006 09:00 ET

Winfield Resources Limited: Exclusive Agreement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 30, 2006) - Winfield Resources Limited (TSX VENTURE:WWF) announced today that its subsidiary, Winfield Resources Limited Company Libya Branch, has entered into an EXCLUSIVE AGREEMENT ("EA") with CKG Libya Branch.

The EA will lead to a Definitive Collaboration Agreement; wherein the obligations of each party will be defined.

Terms of the EA state that each party agrees to work exclusively together in advance of a combined bid to tender for the Revamp and Modernization Program of the AZZAWIYA OIL REFINERY; a subsidiary of the LIBYAN NATIONAL OIL COMPANY, located in Libya.

WINFIELD is to prepare a technical & commercial proposal for the engineering and procurement of process-utility-offsite plan, and the commissioning of the refinery.

CKG is to prepare a technical and commercial proposal for the construction of the process-utility-offsite plant and business related matters for the purpose of project execution.

CKG (CITRAMEGAH KARYA GEMILANG) is an Indonesian based Engineering Construction Group. In 1991 CKG became the "sixth member" of the proven LNG builders in the world. CKG has been active in Libya for thirty years. CKG is able to team up with World Class EPC (Engineering, Procurement, Construction) Contractors to Provide Full Turn-key Services.

On behalf of the Board

Robert Michael Foley, President and CEO

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

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