SNO Snowfield Development Corp

Snowfield Development Corp. ("Snowfield" and the "Company") (TSX VENTURE:SNO)
announces that its 2008 exploration drill program commenced today at the Ticho
Diamond Project located 55km Southeast of Yellowknife, NWT. Two crews are
currently in camp and drilling on a 24 hour basis with a third crew expected to
be mobilized on January 15th, 2008. The current exploration drilling is focused
on identifying new kimberlite bodies known to exist to the Northeast of the
previously discovered Mud Lake diamondiferous kimberlite. These targets include
Swamp Lake, Aspen Lake and the Sipper Lake area.


Ice road access has been established to the Ticho Project from Yellowknife with
the contractor now maintaining and widening the road to accelerate ice
formation. When suitable ice thickness is achieved Snowfield will complete the
removal of the remaining 400 tonnes of crushed, bagged and sealed kimberlite
from the original 500 tonne bulk sample taken in 2007. Once removed from the
site, the 400 tonnes will be shipped to DeBeers Canada Exploration Ltd.
("DeBeers") Dense Media Separation Plant in Grande Prairie, AB, for processing
and concentration. The initial 100 tonnes of the 500 tonne sample was
successfully processed by DeBeers in December 2007. The concentrate from the
initial 100 tonnes has now been received by the two laboratories contracted to
undertake diamond recovery. 1,040.91 kilos is being processed by the
Saskatchewan Research Council ("SRC") and a further 518.80 kilos was shipped to
DeBeers Laboratory in Johannesburg, South Africa. Snowfield has been notified
that their Qualified Person, as defined by NP 43-101, will be on site in
Saskatoon on February 4, 2008 to audit the diamond recovery process by SRC.
Results are expected shortly thereafter.


Snowfield anticipates a very active 2008 exploration program including
exploration drilling of numerous targets previously identified, as well as
ongoing geophysical and geochemical mapping, further prospecting and delineation
drilling of the Mud Lake kimberlite complex, currently open in three directions
and identified over 34 acres to date. The Ticho Project encompasses over 40,000
acres.


On behalf of the Board of Directors,

Snowfield Development Corp.

Robert T. Paterson, President and Director

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