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50% Interest Acquired in Gold Property Immediate SW of Rainy River Resources
Vancouver, BC - Bayfield Ventures Corp. (TSX.V: BYV) (FWB: B4N) announces that the Company has signed a letter of intent for the acquisition of a 50% interest in 8 units totaling 320 acres (the "A" claims block) located in Richardson Township, 80 kilometres south of Kenora, in northwestern Ontario. A definitive Option Agreement is currently being finalized.

The "A" claims block is located to the immediate southwest of the Rainy River Resources Ltd. (TSX.V: RR) property and is located approximately 3 km to the southwest of Rainy River Resources #17, #433, and newly announced ODM gold zones. Latest news releases by Rainy River Resources report new intercepts of 23.5 m of 10.6 g/t Au and 22.6 m of 17.0 g/t Au in the newly announced ODM zone.

Rainy River claims map: http://www.bayfieldventures.com/i/maps/BYVrainy11-17.jpg

The "A" claims block is well within known volcanic greenstone and sedimentary rocks and cover similar lithologies and structures to those hosting the gold zones on the adjoining Rainy River Resources claims.

Bayfield Ventures announced on November 10th that the Company had signed a letter of intent for the acquisition of a 100% interest in 4 other claim blocks ("C", "D1", "D2", and "E") consisting of approximately 2600 hectares located to the immediate west and southwest of the Rainy River Resources property. A definitive Option Agreement is currently being finalized on these 4 properties as well.

David J. Busch, B.A., B.Sc., PGeo., is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.

Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario, diamonds in Central Saskatchewan, Canada, and copper-gold and coal in the South Gobi region of Mongolia. Property partners include Goldcorp and BHP Billiton.

For further information on Bayfield Ventures Corp. (TSX.V: BYV), visit the Companys web site at www.bayfieldventures.com.

For further information on Rainy River Resources Ltd. (TSX.V: RR), visit their web site at www.rainyriverresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS