VANCOUVER, BRITISH COLUMBIA, Nov. 24, 2009 (Marketwire) -- Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company") announces that pursuant to the terms of a Property Option Agreement (the "Agreement") dated November 30, 2006, it has made its final option payment under the Agreement by issuing a total of 40,000 common shares and paid the sum of $40,000 to Helen Pattison (as to 50%), Reino Huitika (as to 25%) and Alex Kereliuk (Estate) (as to 25%).
The Company has now earned a 100% interest, subject to a 2% net smelter return royalty, in the mineral rights to Claim Block "B", consisting of four (4) patented mineral claims comprising 480 acres located in the Chapple Municipality, Richardson Township, Rainy River District, northwestern Ontario.
Rainy River property claims map:
The common shares issued are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring March 21, 2010.
Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario.
For further information on Bayfield Ventures Corp. (TSX VENTURE:BYV), visit the Company's web site at www.bayfieldventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit, Chairman
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