Mr. James Pettit reports

BAYFIELD INTERSECTS 1.5 METRES OF 528 G/T GOLD & 103 G/T SILVER AT INTREPID ZONE DOWN-PLUNGE EXTENSION HOLE IN RAINY RIVER, NW ONTARIO

Bayfield Ventures Corp. has released further assays results at the company's 100-per-cent-owned mineral rights Burns block gold-silver project located adjacent to the east of New Gold's multimillion-ounce Rainy River gold-silver deposit and adjacent to the west of New Gold's expanding Intrepid gold-silver zone in Northwestern Ontario.

Highlights:

• Hole RR13-10W1 intersected three metres of 8.58 grams per tonne gold and 47.65 grams per tonne silver;
• Hole RR13-11 intersected strong gold mineralization in a position 25 metres down plunge of the mineralized zones in previously reported holes of the RR12-34 wedge complex;
• Hole RR13-11 includes a high-grade interval which returned 1.5 metres of 528 grams per tonne (18.63 ounces per ton) gold and 103 grams per tonne silver from 679.0 metres downhole;
• Assays pending for wedge holes RR13-11W1, RR13-11W2 and RR13-11W3;
• Further southwest down-plunge Intrepid zone exploration drilling continues.

Down-plunge extension drilling of the Intrepid zone has been pursued by Bayfield since core drilling restarted at the company's Burns block on Aug. 17. Eight holes have been attempted with six of those being completed through to the footwall of the target down-plunge Intrepid zone.

Strong, polymetallic base metal veining has been intersected in all completed holes. Gold and silver assays are now being received and are summarized in the table. Additional assays are pending.

The East Burns-Intrepid gold-silver zone is strongly mineralized by irregular veinlets, fracture fills and clotty disseminations of dark brown sphalerite, galena, arsenopyrite and chalcopyrite. Sphalerite commonly forms 2 per cent to 5 per cent of mineralized intervals and assays results of greater than 1 per cent zinc are not uncommon. Arsenopyrite rarely makes up more than 1 per cent to 2 per cent of mineralized intervals but its presence is strongly correlated with the presence of gold grades greater than 10 grams per tonne.

Results of Intrepid zone extension exploration and near-term exploration plans

The Intrepid zone on Bayfield's Burns block is being significantly extended down plunge by the company's current exploration program.

Recently completed and assayed holes in the down-plunge Intrepid exploration program include holes RR13-10 and RR13-10W1. Both of these holes intersected the Intrepid zone polymetallic vein swarm over downhole intervals from 50 to 60 metres. Assays results reported here indicate multigram gold and silver occur in portions of this complex vein swarm. Native gold was logged in deformed quartz-galena-arsenopyrite bearing quartz and quartz-ankerite veinlets.

Mother hole RR13-11 has intersected strong gold mineralization in a position 25 metres down plunge of the mineralized zones in previously reported assays from the RR12-34 mother hole and wedge complex.

A strongly mineralized interval in hole RR13-11 contains highly deformed, quartz-galena-gold and polymetallic base metal veins and veinlets over a downhole interval of 9.4 metres from 675.6 to 685.0 metres. Native gold was logged in the core at 680.25 metres downhole within a dark grey galena-gold quartz veinlet. This veinlet is contained within the overall 9.4-metre strongly veined interval.

This well-developed veinlet zone in hole RR13-11 returned a very high-grade interval from 679.0 to 680.5 metres downhole which returned 528 grams per tonne (18.63 ounces per ton) gold and 103 grams per tonne silver.

Three wedge holes from hole RR13-11 have been completed in Bayfield's continuing down-plunge Intrepid zone exploration at Burns. Assays for these three wedge holes are pending and will be reported after receipt and compilation of standard protocols.

Following completion of wedge hole RR13-11W3 on Sunday, Bayfield has moved the rig farther southwest to continue the company's down-plunge Intrepid zone exploration. This will include the drilling of a carefully controlled exploration mother hole targeted at the lower portion of the southwest extension plunging Intrepid zone. It is anticipated that the RR13-12 mother hole will be used for a series of wedges designed to test the vertical dimensions of the targeted, mineralized vein system.

       FINAL ASSAY RESULTS OF THE RR13-11 MOTHER HOLE AND COMPLETED 
                        HOLES RR13-10 AND RR13-10W1 

Drill hole            From        To  Interval        Au        Ag      AuEq
                        (m)       (m)       (m)     (g/t)     (g/t)     (g/t)

RR13-10             692.00    695.00      3.00      5.02     15.75      5.34
RR13-10W1           656.00    659.00      3.00      8.58     47.65      9.53
                    680.00    681.50      1.50      2.96     14.10      3.24
RR13-11             665.00    666.50      1.50      3.98     32.50      4.63
                    677.00    678.50      1.50      2.54     22.60      2.99
                    678.50    680.00      1.50      0.54      5.40      0.65
                    680.00    681.50      1.50    528.00    103.00    530.06
                    681.50    683.00      1.50      3.23     31.90      3.87
                    683.00    684.50      1.50      4.71     24.40      5.20
                                                                            
(i) The true width lengths are estimated to be approximately 55 per cent to 
65 per cent of downhole interval.
(ii) AuEq (gold equivalent) values calculated at a 50-to-one (gold price 
versus silver price) ratio and metallurgical recoveries and net smelter 
returns are assumed to be 100 per cent.
(i) The intervals were determined using a 2.5 g/t gold cut-off grade with a
maximum gap of three metres between intervals below the cut-off grade.

From 680.0 to 681.50 metres in mother hole RR13-11, the assay results in the table are from screen fire metallic assay methods. The company's assay protocol calls for screen fire metallic assays on any gold assays greater than five grams done by an initial gravimetric assay method. This is an industry-standard procedure for the assaying of mineralized zones containing coarse-grained native gold.

Quality assurance

Drill core analysis and assaying are being conducted by ACT Labs in Thunder Bay, Ont. The lab is ISO/IEC 17025:2005 (CAN-P-4E) certified. The drill core is split and sampled in standard 0.5-metre to 1.5-metre intervals. The core samples were analyzed for gold by 30-gram fire assay with AA finish and by gravimetric methods from assays over 5,000 parts per billion (overlimit). Screened total metallic assays are being performed on samples assaying over 5,000 parts per billion. The core samples were analyzed for silver by silver aqua regia-ICP finish and silver fire assay-gravimetric from assays over 100 parts per million (overlimit). The company has implemented a quality assurance and quality control program to ensure that the sampling and analysis of all samples are conducted in accordance with the best possible practices.

Robert Marvin, PGeo, CPG, vice-president, exploration, for Bayfield Ventures is the qualified person as defined by National Instrument 43-101 and supervised both the project fieldwork and the preparation of the technical information in this release.

We seek Safe Harbor.