Bayfield Ventures Corp.

COMPANY DATAINTRODUCTION PROJECT IN HANDMANAGEMENT
NEWS UPDATE | CHINESE

Address:  Suite 2230, 885 West Georgia Street
P.O. Box 1048
Vancouver, B.C.
Canada V6C 3E8
Toll Free No.: 1-800-567-8181
Tel No.:  (604) 687-3376
Fax No.: (604) 687-3119
Web Site:  www.bayfieldventures.com 
Corporate Email: info@bayfieldventures.com 
Contact Person: Don Myers
Position:  Director

COMPANY DATA

Traded Market:  TSX-V 
Traded Symbol: BYV 
Outstanding Shares:  16.1 million 
Public Float: 6 million 
52 Week High: $ 1.10 
52 Week Low:  $ 0.35 
Present Price: Click Here 

INTRODUCTION

Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario, diamond in Central Saskatchewan, Canada, and copper-gold and coal in the South Gobi region of Mongolia.
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Bayfield has acquired 100% interest in two gold properties and 50% in a third gold property in the Rainy River district of northwestern Ontario.

The Company also holds a 24.5% interest in the Baird property in the Red Lake gold camp of northwestern Ontario.

Bayfield holds a 100% interest in 5 diamond properties well located within the core diamond discovery area in the Fort a la Corne region of central Saskatchewan.

Bayfield holds a 100% interest in 48,000 acres of copper-gold and coal properties in the South Gobi region of Mongolia. BHP Billiton Ltd. is earning a 51% interest in the properties by funding all exploration costs over the next two years.

PROJECT IN HAND

(1) Rainy River Gold Properties, Rainy River, Northwestern Ontario
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  • Holds 50% interest in the "A" claim block property, consisting of 8 units totalling approximately 131 hectares, located approximately 1,000 metres to the immediate southwest of the ODM gold zone recently announced by Rainy River Resources Ltd. (TSX-V:RR).

  • Holds 100% interest in the "B" and "C" claim block properties, totalling approximately 992 hectares, located due east and west (respectively) of the Rainy River Resources #17, #433, and the new ODM gold zones in the southeast portion of Sifton Township, northwestern Ontario.bayfield3.jpg (31357 bytes)

  • All properties cover similar lithologies and structures to those hosting the gold zones on the Rainy River Resources property, which have demonstrated intercepts of 23.5 m of 10.6 g/t Au and 22.6 m of 17.0 g/t Au.

  • The Company has identified from airborne magnetic survey data, 3 - 4 high priority conductors that are consistent with ground geographical survey data.

  • An aggressive mineral exploration program commenced in January, 2007.

(2) Baird Gold Property, Red Lake, Northwestern Ontario

  • Holds a 24.5% interest in the Baird property located at the Red Lake gold camp of northwestern Ontario, with Skyharbour Resources Ltd. holding 24.5%, and Goldcorp Inc. holding the remaining 51%.

  • Placer Dome funded 24,000 feet of diamond drilling in 2003 and 2005 to earn a 51% interest now owned by Goldcorp.

  • Located 6 km southwest of the town of Red Lake, 14 km southwest of the Goldcorp's operating Red Lake Gold Mine.

  • Property bordered to the south by the Claude Resources/Goldcorp's Madsen Project, to the north and east by Goldcorp's Parvus Project, and to the west of Goldcorp's Humlin Property.

  • Next round of exploration will be carried out under a new Joint Venture Agreement that is now in place between Goldcorp and Bayfield Ventures.

(3) Fort a la Corne Diamond Properties, Fort a la Corne, Central Saskatchewan

  • Holds 100% interest in 5 properties totalling 1,568 hectares in the heart of the Fort a la Corne diamond camp of central Saskatchewan.bayfield4.jpg (51085 bytes)

  • "Bay #1" property adjoins Shore Gold claims on the north, south, and west and located 6 km to the east north-east of Shore Gold's "Star" kimberlite body. Ground magnetic survey on the property indicates two untested anomalies 230 x 400 metres in diameter and 600 x 400 metres in diameter on the Bay #1 property.

  • "Bay #2" property situated 4 km to the north of the Shore Gold/De Beers' 164 kimberlite body and 5 km to the east of the Shore Gold/De Beers' 326-168-167 kimberlite bodies. Ground magnetic survey on this property indicates two favourable anomalies 230 x 400 metres in diameter and 500 x 500 metres in diameter on the Bay #2 property.

(4) Hurmen Uul Copper-Gold and Coal Properties, South Gobi, Mongolia

  • Holds 100% interest in 48,000 acres copper-gold and coal properties in the South Gobi region of Mongolia and are located west of Ivanhoe Mines Ltd.'s Oyu Tolgoi world-class copper-gold deposit.bayfield5.jpg (55115 bytes)

  • Option Agreement signed with BHP Billiton Ltd. in June 2005. BHP Billiton is earning a 51% interest in Bayfield's Mongolian properties by funding all exploration costs over the next two years.

  • The Mines Branch of Mongolia carried out geological and geophysical studies in the immediate area in the mid 1980's. Findings included: coal, several porphyry gold occurrences, instances of placer gold, and outcroppings of laterites containing weathering crust nickel exposure.

  • Follow up exploration and drilling has been initiated.

MANAGEMENT

Bayfield Ventures Corp. has a well management team with experience in different areas.

James G. Pettit, Chairman, CEO and Director
Mr. Pettit offers 15 years experience within the industry specializing in finance, corporate governance, management, and compliance. He specializes in the early stage development of private, as well as public companies. His background over the past 15 years has been focused primarily within the resource sector where he has managed and directed junior resource companies through good times and bad. Mr. Pettit is currently serving as a Director on the Boards of 8 public resource companies.

Donald C. Huston, President and Director
Mr. Huston has been associated with the mineral exploration industry for over 25 years and has extensive experience as a financier and in-field manager of numerous mineral exploration projects in North America. He was born and raised in Red Lake, Ontario and spent 15 years as a geophysical contractor with C.D. Huston & Sons Ltd. as mineral exploration consultants in northern Ontario, Manitoba, and Saskatchewan. Mr. Huston serves as a Director of 5 Canadian public resource companies.

David Busch, B.A., B.Sc. (Hons), P.Geo., Exploration Manager and Qualified Person
Mr. Busch has over 30 years experience exploring northwest Ontario's gold belts, he is considered one of Canada's foremost authorities on the geology and exploration of Achaean lode gold deposits, particularly the Red Lake & Birch-Uchi greenstone belts. Mr. Busch actively manages Bayfield Ventures field operations from the Company's Red Lake base camp. He is the Company's qualified person as defined in National Instrument 43-101.

Donald G. Myers, Director
Mr. Myers has over 20 years of experience in public company management and corporate communications working with companies listed on the TSX Venture, NASDAQ, and Toronto Stock Exchange. Mr. Myers' background includes holding the position of Director and Officer of several junior public companies listed on the TSX Venture Exchange.

Amanda Chow, CMA, Director
Ms. Chow serves as an independent Director of Bayfield Ventures Corp. She is a Certified Management Accountant (CMA) and a graduate of Simon Fraser University where she earned her Bachelor of Business Administration degree. She began working with public companies in 1999.

Nancy Ackerfeldt, Corporate Secretary
Ms. Ackerfeldt has over 20 years of experience in public company administration and compliance, working primarily with junior public companies listed on the TSX Venture Exchange.

NEWS UPDATE

On March 5, 2007, Bayfield Ventures Corp. announced that the TSX Venture Exchange has accepted for filing documentation with respect to the second and final tranche of a non-brokered private placement announced on Jan. 26, 2007.

Number of shares: 200,000 flow-through shares; 50,000 non-flow-through shares
Purchase price: 40 cents per share.

On March 02, 2007 Bayfield Ventures Corp. has closed the first tranche of its one million unit private placement announced on January 26, 2007. The company raised the sum of $300,000 by the issuance of 370,000 flow-through units and 380,000 non-flow-through units. At the same price of 40 cents per unit.

On February 22, 2007 The TSX Venture Exchange has accepted for filing documentation with respect to the first tranche of a non-brokered private placement announced January 26, 2007. Shares: 380,000 non-flow-through shares and 370,000 flow-through. Price: 40 cents.

On February 06, 2007 Bayfield Ventures Corp. has contracted with Heath and Sherwood Drilling to complete an overburden drill program on the company's 100% owned B and C claim blocks, and 50% owned A claim block, located in the Rainy River district of Northwestern Ontario. The overburden drill program will consist of approximately 40 holes for a total of 1,250 metres to be drilled. Previous gold values encountered in tills in this area indicate potential for gold-rich volcanogenic massive sulphide deposits.

On January 26, 2007 Bayfield Ventures Corp. is arranging a non-brokered flow-through and non-flow-through private placement to one million units at an offering of 40 cents per unit. The company intends to use the proceeds from the private placement for general working capital purposes and to be expended on a work program to be carried out on the company's properties located in the Rainy River district of Northwestern Ontario.

On January 26, 2007 The TSX Venture Exchange has accepted for expedited filing documentation of an option agreement dated November 29, 2006, between Bayfield Ventures Corp, Rubicon Minerals Corp. and Perry English whereby Bayfield may acquire a 100-per-cent interest in claim block C, consisting of 49 units located in the Sifton township, Rainy River district, Kenora mining division, northwestern Ontario.

On January 10, 2007, Bayfield Ventures Corp. announced that it has commissioned a geological report on its A, B and C properties located in the Rainy River district of Northwestern Ontario. The report was filed on SEDAR on January 10, 2007, and can be accessed on the SEDAR website.

Bayfield Ventures announced that it has mobilized geological personnel onto its Rainy River properties. Work programs are now in progress which includes overburden drilling, line cutting, magnetometer and horizontal loop surveying, to be followed by diamond drilling of prospective targets.

Also, the Company announced that Ernst & Young, chartered accountants, was informed that they will not be reappointed as auditors of the Company. The board of directors approved a proposal to engage the accounting firm of Morgan & Company, chartered accountants, as auditors for the Company. During Ernst & Young's appointment, there were no disagreements with Ernst & Young LLP on any matter of accounting principles or practice, financial statement disclosure, auditing scope or procedures or any reportable events.

On December 20, 2006, Bayfield Ventures Corp. announced that it will commence an mineral exploration program in January, 2007, on its B claim block property located in the Rainy River district of Northwestern Ontario. The Company will also complete a detailed overburden drill program, to follow up on previous till data that have now been compiled by Bayfield. The Company intends to use compiled geophysical data to initiate a diamond drill program on the B claim block property about in February 2007.

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