BYV

Bayfield Ventures Corp. (TSX VENTURE:BYV)(PINKSHEETS:BYVVF)(FRANKFURT:B4N) is
pleased to announce further assays results at the Company's 100% owned mineral
rights Burns Block gold-silver project located adjacent to the east of New
Gold's multi-million ounce Rainy River gold-silver deposit and adjacent to the
west of New Gold's expanding Intrepid gold-silver zone in north-western Ontario.



Rainy River District Gold Zones:
www.bayfieldventures.com/i/maps/BYV-Burns-Gold-Zones-NOV-2012.jpg


Highlights:



--  Hole RR13-10W1 intersected 3 metres of 8.58 g/t gold and 47.65 g/t
    silver 
--  Hole RR13-11 intersected strong gold mineralization in a position 25
    metres down plunge of the mineralized zones in previously reported holes
    of the RR12-34 Wedge Complex 
--  Hole RR13-11 includes a high grade interval which returned 1.5 metres of
    528 g/t (18.63 oz/t) gold and 103 g/t silver from 679.0 metres down hole
--  Assays pending for wedge holes RR13-11W1, RR13-11W2 and RR13-11W3  
--  Further southwest down plunge Intrepid Zone exploration drilling
    continues



Down plunge extension drilling of the Intrepid Zone has been pursued by Bayfield
since core drilling restarted at the Company's Burns Block on August 17th. Eight
holes have been attempted with six of those being completed through to the foot
wall of the target down plunge Intrepid Zone.


Strong, poly metallic base metal veining has been intersected in all completed
holes. Gold and silver assays are now being received and are summarized below.
Additional assays are pending.


The East Burns - Intrepid gold-silver zone is strongly mineralized by irregular
veinlets, fracture fills and clotty disseminations of dark brown sphalerite,
galena, arsenopyrite and chalcopyrite. Sphalerite commonly forms 2% to 5% of
mineralized intervals and assays results of greater than 1% zinc are not
uncommon. Arsenopyrite rarely makes up more than 1% to 2% of mineralized
intervals but its presence is strongly correlated with the presence of gold
grades greater than 10 grams/tonne. 


Results of Intrepid Zone Extension Exploration and Near Term Exploration Plans:

The Intrepid Zone on Bayfield's Burns Block is being significantly extended down
plunge by the Company's current exploration program. 


Recently completed and assayed holes in the down plunge Intrepid exploration
program include holes RR13-10 and RR13-10W1. Both of these holes intersected the
Intrepid Zone poly metallic vein swarm over down hole intervals from 50 to 60
metres. Assays results reported here indicate mutligram gold and silver occur in
portions of this complex vein swarm. Native gold was logged in deformed
quartz-galena-arsenopyrite bearing quartz and quartz-ankerite veinlets.


Mother hole RR13-11 has intersected strong gold mineralization in a position 25
metres down plunge of the mineralized zones in previously reported assays from
the RR12-34 mother hole and wedge complex.


A strongly mineralized interval in hole RR13-11 contains highly deformed,
quartz-galena-gold and poly metallic base metal veins and veinlets over a down
hole interval of 9.4 metres from 675.6 to 685.0 metres. Native gold were logged
in the core at 680.25 metres down hole within a dark grey galena-gold quartz
veinlet. This veinlet is contained within the overall 9.4 metre strongly veined
interval.


This well-developed veinlet zone in hole RR13-11 returned a very high grade
interval from 679.0 to 680.5 metres down hole which returned 528 g/t (18.63
oz/t) gold and 103 g/t silver. 


Three wedge holes from hole RR13-11 have been completed in Bayfield's continuing
down plunge Intrepid Zone exploration at Burns. Assays for these 3 wedge holes
are pending and will be reported after receipt and compilation of standard
protocols. 


Following completion of wedge hole RR13-11W3 on Sunday, Bayfield has moved the
rig further southwest to continue the Company's down plunge Intrepid Zone
exploration. This will include the drilling of a carefully controlled
exploration mother hole targeted at the lower portion of the southwest extension
plunging Intrepid Zone. It is anticipated that the RR13-12 mother hole will be
used for a series of wedges designed to test the vertical dimensions of the
targeted, mineralized vein system.


East Burns - Intrepid Zone Drill Hole Plan View Map:
www.bayfieldventures.com/i/maps/BurnsBlockRR13-11_PV.jpg


Final assay results of the RR13-11 mother hole and completed holes RR13-10 and
RR13-10W1 are presented in first table below. 




----------------------------------------------------------------------------
Drill Hole            From        To  Interval        Au        Ag      AuEq
                       (m)       (m)       (m)     (g/t)     (g/t)     (g/t)
----------------------------------------------------------------------------
RR13-10             692.00    695.00      3.00      5.02     15.75      5.34
----------------------------------------------------------------------------
RR13-10W1           656.00    659.00      3.00      8.58     47.65      9.53
                    680.00    681.50      1.50      2.96     14.10      3.24
----------------------------------------------------------------------------
RR13-11             665.00    666.50      1.50      3.98     32.50      4.63
                    677.00    678.50      1.50      2.54     22.60      2.99
                    678.50    680.00      1.50      0.54      5.40      0.65
                    680.00    681.50      1.50    528.00    103.00    530.06
                    681.50    683.00      1.50      3.23     31.90      3.87
                    683.00    684.50      1.50      4.71     24.40      5.20
----------------------------------------------------------------------------
                                                                            
(i)  g/t = grams per metric tonne                                           
(i)  The true width lengths are estimated to be approximately 55%-65% of    
     down hole interval                                                     
(i)  AuEq (gold equivalent) values calculated at a 50 to 1 (gold price vs.  
     silver price) ratio and metallurgical recoveries and net smelter       
     returns are assumed to be 100%                                         
(i)  The intervals were determined using a 2.5 g/t gold cut-off grade with a
     maximum gap of 3.0 metres between intervals below the cut-off grade    



From 680.0 to 681.50 metres in mother hole RR13-11, the assay results in the
table above are from screen fire metallic assay methods. Our assay protocol
calls for screen fire metallic assays on any gold assays greater than 5.0 grams
done by an initial gravimetric assay method. This is an industry standard
procedure for the assaying of mineralized zones containing coarse-grained native
gold.


Quality Assurance:

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.


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


About Bayfield Ventures Corp.:

Bayfield Ventures Corp. is exploring for gold and silver in the Rainy River
District of north-western Ontario. The Company is fully funded to finish its
planned 100,000 metre diamond drill program with over 300 drill holes completed
and concentrated on its flagship Burns Block gold-silver project.


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 and CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.


This release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address events or developments that
management of the Company expects, are forward-looking statements. Although
management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The Company undertakes
no obligation to update these forward-looking statements if management's
beliefs, estimates or opinions, or other factors, should change. Factors that
could cause actual results to differ materially from those in forward-looking
statements, include market prices, exploration and development successes,
continued availability of capital and financing, and general economic, market or
business conditions. Please see the public filings of the Company at
www.sedar.com for further information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bayfield Ventures Corp.
James G. Pettit
Chairman and CEO
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)


Bayfield Ventures Corp.
Don Myers
Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@bayfieldventures.com
www.bayfieldventures.com


Envoy Strategic Partners Investor Relations
Jay Bedard
416-977-7778
jay@envoystrategicpartners.com

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