Bayfield Ventures Corp. (TSX-V: BYV) is exploring for gold and silver in the Rainy River district of northwestern Ontario.

Bayfield has earned its 100% interest in the "Burns" block property which is located in the Richardson Township, Rainy River District of northwestern Ontario. The property is surrounded by Rainy River Resources (TSX-V: RR) and adjoins the immediate east of Rainy River Resources' main ODM17 gold zone.

Drilling to date on the Burns Block demonstrates that the ODM17 zone extends from Rainy River Resources' ground onto Bayfield's Burns Block. Bayfield is currently carrying out 100,000 metres of diamond drilling on its Rainy River properties. Drill results thus far have been very encouraging. Notable drill results include 60.05 grams per tonne gold and 362.96 grams per tonne silver over 11.2 metres within 26.70 grams per tonne gold and 170.69 grams per tonne silver over 25.5 metres, as well as 35.93 grams per tonne gold and 359.65 grams per tonne silver over 10.0 metres.

Rainy River Resources' June 2011 NI 43-101 resource calculation shows a measured and indicated resource of 4.41 million ounces of gold, averaging 1.17 grams per tonne gold, in addition to an inferred resource of 2.33 million ounces of gold, averaging 0.94 grams per tonne gold. The deposit also contains a measured and indicated resource of 9.13 million ounces of silver, averaging 2.42 grams per tonne silver, in addition to an inferred resource of 7.04 million ounces of silver, averaging 2.83 grams per tonne silver.

Bayfield also has earned a 100% interest in the 480 hectare "B" Claim Block which is well located to the immediate east of Rainy River Resources' northerly 433 gold zone. To the west, Bayfield has earned a 100% interest in the strategically located 800 hectare "C" Block property.

All of Bayfield's properties cover similar lithologies and structures to those hosting the gold zones comprising the Rainy River multi-million ounce gold deposit.

On February 15th, Bayfield Ventures was recognized as a TSX Venture 50® company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors -- mining, oil & gas, technology & life sciences, diversified industries and clean technology -- based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010.

James G. Pettit
Position: Director, Chairman & CEO

Jim Pettit is Chairman of the Board and Chief Executive Officer of Bayfield Ventures Corp. Mr. Pettit is currently serving as a Director on the Boards of 7 public resource companies and 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.

Donald C. Huston
Position: Director, President

Don Huston is the President and a Director of Bayfield Ventures Corp. He 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.

Donald G. Myers
Position: Director

Don Myers serves as a Director of Bayfield Ventures Corp. He has over twenty years of experience in public company management and corporate communications working with companies listed on the TSX Venture, NASDAQ, and Toronto Stock Exchanges. 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
Position: Director

Amanda Chow serves as an independent Director of Bayfield Ventures Corp. Ms. Chow 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
Position: Corporate Secretary

Nancy Ackerfeldt has over twenty years of experience in public company administration and compliance, working primarily with junior public companies listed on the TSX Venture Exchange. From August 1995 to date, Ms. Ackerfeldt has been employed with 98 Corporate Group Resources Ltd., a private management and administrative services company which provides office space, accounting, legal, secretarial and support services to public companies.

Robert Marvin, B.Sc.
Position: Exploration Manager and Qualified Person

Bob Marvin, B.Sc., Geologist (a member of the Geologic Society of Nevada). Since 1979, Mr. Marvin has been involved in mineral exploration for and evaluation of gold, copper, zinc, and uranium deposits throughout the Americas as an employee and as an independent consultant. He graduated from the University of New Mexico with a Bachelor of Science degree in geology in 1984. Mr. Marvin is the Exploration Manager of the Company's operations.
 

Shane Hu, B.Sc., P.Geo
Position: Project Geologist and Qualified Person

Shane Hu is an exploration geologist with over 18 years experience in mineral exploration and oil & gas exploration in China and Canada. He graduated from the University of Jilin (1992) with a Bachelor of Science degree in geology. Mr. Hu is a professional geologist registered with the Association of Professional Geoscientists of Ontario (APGO), and the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA).

"Burns" Claim Block Gold-Silver Flagship Project

Burns Block Highlights

• Bayfield's flagship Burns Block is surrounded by Rainy River Resources (TSX.V: RR) and adjoins immediate east of Rainy River's main ODM17 gold zone
• Rainy River's June 2011 resource calculation shows a measured and indicated resource of 4.41 million ounces of gold, averaging 1.17 g/t gold, in addition to an inferred resource of 2.33 million ounces of gold, averaging 0.94 g/t gold. Rainy River considers that the material above the final depth of the conceptual pit shell (450 metres vertical depth) offers reasonable prospects for economic extraction from an open pit using a cut-off grade of 0.35 g/t gold.
• Multiple rigs currently drilling on Burns Block; 100,000 metre diamond drill program underway
• Objective of major drill program: to explore and expand extension of gold and silver mineralization that is being defined by RR on their ground adjacent to Bayfield's properties
• Program currently focused on two complimentary exploration efforts: delineation drilling of high grade gold-silver zone in west portion of Burns Block and eastward exploration through series of four west-east drill fences
• Drill results thus far are very promising: high grade gold intersections as well as definition of near-surface, bulk tonnage gold mineralization
• Hole RR11-71 intersected 26.70 grams per tonne gold and 170.69 grams per tonne silver over 25.50 metres (starting at 38 metres down hole depth) including 11.20 metres of 60.05 grams per tonne gold and 362.96 grams per tonne silver
• Hole RR10-18 intersected 35.93 grams per tonne gold and 360 grams per tonne silver over 10.0 metres
• Hole RR10-15 intersected 12.88 grams per tonne gold over 9.0 metres and 39.26 grams per tonne silver (starting at 190 metres down hole depth) including 31.71 grams per tonne gold and 50.23 grams per tonne silver over 3.0 metres
• Bayfield is delineating lower grade, bulk tonnage gold-silver mineralization as well as higher grade zones with drill results right on par with Rainy River Resources

Project Overview

Regional Setting of the Rainy River Greenstone Belt and Gold Deposits
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The Bayfield Ventures' flagship "Burns" claim block abuts the eastern boundary of Rainy River Resources (TSX-V: RR) main ODM17 gold zone Richardson Township property in northwestern Ontario. Access to the "Burns" property is attained via numerous all-weather, secondary provincial highways (gravel) and township roads, which lead off of paved provincial highways 11 and 71. These routes traverse the region and provide excellent ingress to the property.

Rainy River Gold Exploration Claims Map
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The property is located near the international boundary with Minnesota. The nearest population centre is Fort Frances, 50 km to the southwest. Bayfield's properties lie within the Rainy River Greenstone Belt. This belt is one component of the western part of the Archean Wabigoon Subprovince of the Canadian Shield, a 900 km long east-west trending metavolcanic-metasedimentary domain bordered and intruded by granitoid intrusions of up to batholithic dimensions. The Wabigoon Subprovince is composed of several tectonically bounded assemblages consisting of komatiitic to calc-alkalic metavolcanics overlain by clastic and minor chemical sediments. Intrusion of the granitoid domes has imparted a synformal structural character to the supracrustal rocks, and the central axial zones of many of these synformal belts may be characterized by long sinuous shear / fault zones.

Rainy River Regional Geology Map
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In the fall of 2008, Rainy River Resources, under an option agreement, completed a diamond drill program on Bayfield's "Burns" claim block. Rainy River Resources managed to complete 8 drill holes totaling 3332 metres at a cost of $420,000 on Bayfield's "Burns" property. The "Burns" property drilling concentrated on tracing the strike and extension of the ODM17 gold zone which crosses under highway 600, as well as to trace the down dip of Rainy River's drill hole NR08-280.

Discovery hole NR08-283 was collared near the eastern boundary of Rainy River Resources' property but deviated eastward where, approximately 30 metres inside Bayfield's "Burns" property at the -420 metre level, it intersected a 4.5 metre interval grading 7.34 g/t gold within 10.5 metres grading 3.54 g/t gold. The other drill holes were also successful in intersecting gold values and proving the continuity of mineralization from the ODM17 gold zone onto Bayfield's Burns Block.

The option agreement was subsequently terminated when Rainy River Resources failed to spend the required exploration expenditures by November 2008 and Bayfield now holds a 100% ownership in the property.

Looking West to East Showing
"Burns" & "B" Blocks
Drill Holes & Intercepts
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Same View with Conceptual
Ultimate Pit Outline
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View of Open Pit and
Zones from the South
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Drilling on the property has confirmed the widespread distribution of gold and silver within two litho-structural intervals directly on strike with the ODM17 Zone of Rainy River Resources. Both shallow and deeper (below potential open pit parameters) intercepts reported by Bayfield Ventures along the strike extension of the ODM17 Zone of Rainy River Resources indicate that well above gold and silver cut-off grade material continues onto the Burns Block.

The zones of mineralization occur in felsic metavolcanics within zones of stronger penetrative foliation. The foliation is near coincident with the strike and dip of the lithologies. Gold grade appears to be strongly influenced by proximity to the margins of strong sericitic alteration within the shear system. The zones strike at 120 degrees and dip at around 50 degrees to the southeast on the Burns Block property.

Airborne Geophysical Surveys December, 2010
(Left: Cesium Magnetic Survey; Right: VTEM Survey)
Click image to enlarge

Rainy River's June 2011 resource calculation shows a measured and indicated resource of 4.41 million ounces of gold, averaging 1.17 g/t gold, in addition to an inferred resource of 2.33 million ounces of gold, averaging 0.94 g/t gold. Rainy River considers that the material above the final depth of the conceptual pit shell (450 metres vertical depth) offers reasonable prospects for economic extraction from an open pit using a cut-off grade of 0.35 g/t gold.

Bayfield continues to be aggressive with its exploration and drilling on the Burns Block. The Company currently has two rigs drilling on the property and is conducting a 100,000 metre diamond drill program. The objective of this major drill program is to explore and expand the extension of gold and silver mineralization that is being defined by Rainy River Resources on their ground adjacent to Bayfield's properties.

Burns Block Drilling Exploration Map (September 2011)
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Thus far Bayfield has had great success with the 100,000 metre drill program. The Company is delineating lower grade, bulk tonnage gold mineralization as well as higher grade zones with drill results right on par with Rainy River Resources.

Early on in the program hole RR10-15 tapped into a high grade gold and silver shoot and returned 31.71 g/t Au over 3.0 metres at 160 metres below surface. The Company quickly followed up this result with another significant drill intercept. Hole RR10-18 intersected 35.93 g/t Au over 10.0 metres . Bonanza grade silver was also intersected in hole RR10-18 totaling 360 g/t Ag over 10 metres including 1760 g/t Ag over 1 metre (gold equivalent intersection of 46 g/t AuEq over 10 metres). Furthermore, the linear plunge distance between the high grade zone in hole RR10-15 and that in hole RR10-18 is in excess of 400 metres indicating a potential for a high grade gold shoot of considerable length on the Burns Block.

Cross Section of Burns Block Looking East Showing Three Seperate Mineralized Zones
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As delineation drilling of the high grade gold-silver shoot continues on the western portion of the Burns Block, more high grade intercepts have been drilled as of late. Hole RR10-52, drilled between RR10-18 and RR10-15, intersected 89.96 g/t Au and 1414.55 g/t Ag over 1.1 metres. Hole 11-1 intersected 33.13 g/t Au and 208.18 g/t Ag over 2.2 metres representing the down-plunge extension of the high grade mineralization in RR10-18. Hole RR11-5 intersected 13 g/t Au and 70.22 g/t Ag over 6.6 metres. The gold-silver zone in RR11-5 represents the up-plunge extension of the high grade mineralization intercepted in RR10-15 as the company chases the high grade shoot up towards the surface on the northern part of the property.

Burns Block High Grade Holes Cross Section
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In May of 2011, a new east-west exploratory drill fence, known as the Far North Fence, had been established in a position 60 metres north of the existing North Fence. The purpose of the new fence is to test the near surface portion of the mineralized zone that has only partially been delineated on the Burns Block to date. A major gold-silver zone was intercepted in Far North Fence hole RR11-71: 26.70 g/t Au and 170.69 g/t Ag over 25.50 metres including a bonanza grade zone of 11.20 metres of 60.05 g/t Au and 362.96 g/t Ag. The bonanza grade intercept in RR11-71 falls within the up-plunge projection of the modeled mineralized gold-silver shoot on the western portion of the property thereby expanding the known high grade zone to the northeast. The total linear plunge distance between the bonanza grade zones in RR10-18 and RR11-71 is approximately 600 metres. The results strongly support the presence of a discrete structural zone which hosts significant high grade gold-silver mineralization in a SSW-NNE orientation.

* g/t = grams per metric tonne

*AuEq (gold equivalent) values were calculated on the day each hole was released (gold price vs. silver price) ratio and metallurgical recoveries and net smelter returns are assumed to be 100%

The drill program is currently focused on two complimentary exploration efforts. The first being delineation drilling of the high grade gold-silver zone in the west portion of the Burns Block. The second being eastward exploration towards the central portion of the block through a series of four west-east drill fences referred to as the Far North, North, Central and South Drill Fences. This extension drilling on the Burns Block continues to define a thick, pervasive, well-mineralized gold-silver zone. The drilling completed so far has been quite successful in increasing the potential tonnage of gold-silver mineralization that could be included in a larger open pit mining operation. As Bayfield continues to define the extension of the mineralized zone to the east, more detailed follow-up drilling will focus on targeting additional high grade zones and shoots within the mineralized envelope.

Burns Block Surface Projection of High Grade Gold-Silver Zone,
Mineralized Dactie Outcrop and Drill Fences
(Click to Enlarge)

The Company's properties are ideally located with easy access to roads and power. Ontario has low political risk and the Rainy River District has skilled labour and is one of the lowest-cost areas for mineral exploration and development in Canada.

Bayfield's Rainy River Drill Hole RR11-71 (Far North Fence)
(Click images to Enlarge)

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Cross Section of all Holes Looking East
(Click to Enlarge)

Claim Block "B" Property

Bayfield Ventures' "B" claim block, totaling approximately 480 hectares, abuts the eastern boundary of Rainy River Resources' (TSX-V: RR) main 433 gold zone Richardson Township property in northwestern Ontario. Access to the "B" Block property is attained via numerous all-weather, secondary provincial highways (gravel) and township roads, which lead off of paved provincial highways 11 and 71. These routes traverse the region and provide excellent ingress to the property.

The "B" claim property is located near the international boundary with Minnesota. The nearest population centre is Fort Frances, 50 km to the southwest. Bayfield's properties lie within the Rainy River Greenstone Belt. This belt is one component of the western part of the Archean Wabigoon Subprovince of the Canadian Shield, a 900 km long east-west trending metavolcanic-metasedimentary domain bordered and intruded by granitoid intrusions of up to batholithic dimensions. The Wabigoon Subprovince is composed of several tectonically bounded assemblages consisting of komatiitic to calc-alkalic metavolcanics overlain by clastic and minor chemical sediments. Intrusion of the granitoid domes has imparted a synformal structural character to the supracrustal rocks, and the central axial zones of many of these synformal belts may be characterized by long sinuous shear / fault zones.

Compilations of historic geological and geographical data of exploration work conducted on claim block "B" indicates 3 -- 4 high priority airborne EM conductors that are coincident with a strong IP conductive zone identified from ground survey data shown below.

In December 2008, Bayfield Ventures completed a 4 hole drill program (1192 metres in total) concentrated in the southwest corner of the "B" claim block. Mineralization on the "B" claim block was encountered in felsic pyroclastics flanking a strong north-south trending growth fault on the property. The fault is the most easterly of a series of north-south trending faults in the area. A number of distinct pebbly pyroclastic units abut this fault and trend off to the southwest.

All four holes, although shallow, encountered wide sections of elevated to strongly anomalous gold values including a 2 metre intercept grading 5.70 g/t gold within 5 metres of 2.64 g/t gold, and a 1 metre intercept grading 1.95 g/t gold. The gold values are typically associated with sulfides and elevated zinc values.

Hole RR08-1 encountered elevated to strongly anomalous gold values of 200 ppb to 1900 ppb Au over 38.8 metres from 92 metres to 130.8 metres, including 1.95 g/t Au over 1 metre from 99.7 metres to 100.7 metres. Hole RR08-2 encountered elevated to strongly anomalous gold values over a 21 metre intersection from 251 metres to 272 metres including 5.7 g/t Au (.17 oz/t Au) over 2 metres within 5 metres of 2.64 g/t Au. Hole RR08-3 encountered elevated to strongly anomalous gold values from 177 metres to 188 metres. Hole RR08-4 encountered elevated to strongly anomalous gold values of 200 ppb to 900 ppb Au over 28 metres from 26.5 metres to 54.5 metres.

The mineralization encountered on Bayfield's "B" claim block occurs in an environment similar to that hosting gold values on Bayfield's Burns Block and on the main ODM17 Zone of Rainy River Resources, all to the southwest. It is very likely that some of the lithological units are correlative across the area. All of this augers well for defining deposit scale mineralization on ground held by Bayfield Ventures in the immediate area. The Company is of the opinion that the highly altered dacitic tuff breccia zone, seen in Rainy River Resources' core, continues in an easterly trend onto Bayfield's "B" claim block.

Just to the southwest of the "B" Block a 5.2 metre intercept of 12.17 g/t gold was discovered. More recent drill results reported by Rainy River Resources to the east of their 433 gold zone represent a possible eastward strike extension of the zone. With sufficient drilling, Bayfield is of the opinion that it can prove up this extension of the 433 gold zone eastward onto the "B" Block.

Rainy River Resources' June 2011 NI 43-101 resource calculation shows a measured and indicated resource of 4.41 million ounces of gold, averaging 1.17 grams per tonne gold, in addition to an inferred resource of 2.33 million ounces of gold, averaging 0.94 grams per tonne gold. The deposit also contains a measured and indicated resource of 9.13 million ounces of silver, averaging 2.42 grams per tonne silver, in addition to an inferred resource of 7.04 million ounces of silver, averaging 2.83 grams per tonne silver.

Bayfield is currently carrying out a 100,000 metre diamond drill program. The objective of this major drill program is to explore and expand the extension of gold mineralization that is being defined by Rainy River Resources on their ground adjacent to Bayfield's properties. The drilling will focus on confirming gold continuity and grade at both shallow and deeper depths.

Bayfield's properties are ideally located with easy access to roads and power. Ontario has low political risk and the Rainy River District has skilled labour and is one of the lowest-cost areas for mineral exploration and development in Canada.

Claim Block "C" Property

Bayfield Ventures' "C" claim block, consisting of 49 units totaling approximately 800 hectares, abuts the western boundary of Rainy River Resources' (TSX-V: RR) Richardson Township property in northwestern Ontario. Access to the property is attained via numerous all-weather, secondary provincial highways (gravel) and township roads, which lead off of paved provincial highways 11 and 71. These routes traverse the region and provide excellent ingress to the property.

The "C" claim property is located near the international boundary with Minnesota. The nearest population centre is Fort Frances, 50 kilometres to the southwest. Bayfield's properties lie within the Rainy River Greenstone Belt. This belt is one component of the western part of the Archean Wabigoon Subprovince of the Canadian Shield, a 900 km long east-west trending metavolcanic-metasedimentary domain bordered and intruded by granitoid intrusions of up to batholithic dimensions. The Wabigoon Subprovince is composed of several tectonically bounded assemblages consisting of komatiitic to calc-alkalic metavolcanics overlain by clastic and minor chemical sediments. Intrusion of the granitoid domes has imparted a synformal structural character to the supracrustal rocks, and the central axial zones of many of these synformal belts may be characterized by long sinuous shear / fault zones.

The Company completed a 2008 winter exploration program on its Claim Block "C" property in the Rainy River District of northwestern Ontario.

A tightly spaced line-cut grid consisting of approximately 70 kilometres was established on the Claim Block "C" property. Bayfield Ventures carried out a detailed Magnetometer survey and an Electro-Magnetic (EM) survey with Dan Patrie Explorations. The geophysical program was designed to establish targets that will be diamond drilled. The property has a large area of low lying acreage and swampland, so the work program was designed to utilize winter access to the maximum and to allow a comprehensive drill program to follow.

Rainy River Resources' June 2011 NI 43-101 resource calculation shows a measured and indicated resource of 4.41 million ounces of gold, averaging 1.17 grams per tonne gold, in addition to an inferred resource of 2.33 million ounces of gold, averaging 0.94 grams per tonne gold. The deposit also contains a measured and indicated resource of 9.13 million ounces of silver, averaging 2.42 grams per tonne silver, in addition to an inferred resource of 7.04 million ounces of silver, averaging 2.83 grams per tonne silver.

Bayfield's properties are ideally located with easy access to roads and power. Ontario has low political risk and the Rainy River District has skilled labour and is one of the lowest-cost areas for mineral exploration and development in Canada.

Robert Marvin, P.Geo., CPG, Project Geologist for Bayfield Ventures is the Qualified Person as defined by National Instrument 43-101 and supervised both the project field exploration and the preparation of the technical information in this presentation.

Drill core analysis and assaying is 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-gm fire assay with AA finish and by gravimetric methods from assays over 5,000 ppb (over limit). Screened total metallic assays are being performed on samples assaying over 5,000 ppb. The core samples were analyzed for silver by Ag Aqua Regia-ICP finish and Ag Fire Assay-Gravimetric from assays over 100 ppm (over limit). The Company has implemented a quality assurance and quality control program to ensure that the sampling and analysis of all samples is conducted in accordance with the best possible practices.

Projects throughout Canada, politically stable, mining friendly jurisdictions.

Shares outstanding – 62.0 Million
Fully diluted – 72.0 Million