Mr. Ronald Stewart reports

BEAUFIELD ACQUIRES 50% OF THE LAUNAY PROPERTY

Melkior Resources Inc. has agreed to sell and transfer to Beaufield Resources Inc. an undivided 50-per-cent interest in the Launay gold property, so that Beaufield will have thereafter an undivided 100-per-cent interest in the property.

Under the terms of the purchase agreement, Beaufield has purchased a 50-per-cent interest in the property for $125,000 in cash and the issuance of 2.5 million of its common shares subject to a four-month hold period. Melkior also retains a 1.5-per-cent net smelter royalty (NSR) on the property with a buyback provision for half of such royalty (0.75 per cent) by Beaufield for $750,000. The transaction is subject to approval by the TSX Venture Exchange.

The property is located in Launay township in the Abitibi greenstone belt in Quebec. Several gold zones have been defined by historical work over a three-kilometre trend on the property. In 2013, a drill program on one of these zones identified wide intersections of gold mineralization located near surface:

• 3.92 g/t (grams per tonne) gold over 13.4 metres in hole LAY-15-2013 (Melkior news release dated Jan. 13, 2014);
• 6.2 g/t gold over 10.5 metres in hole LAY-20-2013 (Melkior news release dated Feb. 18, 2014);
• 4.04 g/t gold over 15.52 metres in hole LAY-21-2013 (Melkior news release dated March 18, 2014).

The gold zones are coincident with a north-south-striking magnetic axis dipping to the west between 65 and 80 degrees. The mineralization consists of auriferous pyrite grains disseminated in an altered granitic intrusive and within quartz-carbonate veins.

Drilling to date has focused on the near-surface portion of the property with very few holes attaining depths greater than 300 metres. Mineralization remains open at depth and along strike. Additional drilling will be required at depth and between the known gold zones to determine the true extent of the mineralization.

Infrastructure is excellent, with both a highway and railway crossing the property. Electricity is also readily available with several towns located within a 30-kilometre radius. At least five operating gold mills are located within 70 kilometres of the property.

Qualified persons

This news release has been prepared by Ronald Stewart, PGeo, interim president and chief executive officer of Beaufield, and Mathieu Stephens, PGeo, vice-president of exploration and corporate development for Beaufield, the qualified person as defined by National Instrument 43-101.

About Beaufield Resources Inc.

Beaufield is a mineral exploration company with its exploration activity focused in Quebec and Ontario.

We seek Safe Harbor.