Bayfield Ventures

Exploring for Gold in the Rainy River and Red Lake districts of Northwestern Ontario 81m @ 5.08 g/t Gold, 28m @ 13.28 g/t Gold, 9m @ 12.88 g/t Gold, 46.6m @ 2.28 g/t Gold plus Bonanza grade Silver (up to 1760 g/t)

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Corp update - January 31, 2011

Bayfield Ventures

over 13 years ago

With Rig One, Burns Block Rainy River drill hole RR11-4 was completed to 280m.

Hole was drilled from same collar as RR10-32, 25m north of high grade hole RR10-15. Intercepted the foliated, sericite altered zone from 155m to 187m down hole. Hole RR11-5 is being drilled from same collar with a dip of 65 degrees. This is the final hole to complete a three fan from the RR10-32 site. Hole RR11-5 is at 45m this morning with target depth of 145m to 175m downhole.

With Rig Two, Burns Block Rainy River drill Hole RR11-3 was at 454m this morning. Second hole of a planned three hole fan located 130m east of west boundary on the south boundary of the Burns. Intercepted the foliated, sericite altered zone at 380m.

We will then steepen the next hole and start the final hole from this location at around 85 degrees.

On the "C" Block, we are constructing a winter road for planned drilling.