Bayfield drills 19.60m of 5.45 g/t Au and 20.63 g/t Ag at East Burns Block in the Rainy River District, NW Ontario

VANCOUVER, BC -- (Marketwire) -- 10/11/12 --

   Suite 2230 - 885 West Georgia Street, Vancouver, BC, V6C 3E8, CANADA
                         www.bayfieldventures.com

  TSX-V Trading Symbol:  BYV                    Telephone: (604) 687-3376
  Email: info@bayfieldventures.com              Facsimile: (604) 687-3119


                               NEWS RELEASE

                             October 11, 2012

   Bayfield drills 19.60m of 5.45 g/t Au and 20.63 g/t Ag at East Burns
               Block in The Rainy River District, NW Ontario

Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (OTC Pink: BYVVF)
(Frankfurt: B4N) (the "Company") is pleased to announce additional high
grade
assay results from the continuing exploration of the east side of the
Burns
Block. The Company's 100% owned Burns Block gold-silver project is
located in
the Rainy River District of north-western Ontario and is situated
adjacent to
the east and on strike to Rainy River Resources' (TSX: RR) multi-million
ounce
gold-silver deposit.

Rainy River District Gold Zones:
http://www.bayfieldventures.com/i/pdf/RR-Gold-Zones.pdf

This news release reports assays from the East Burns Block step out hole
RR12-30 which intersected a strong interval of gold and silver
mineralization in a
position approximately 20 metres down dip from previously reported hole
RR12-12
(13.5 metres of 5.13 g/t Au and 25.21 g/t Ag). Hole RR12-30 intersected a
down
hole interval of 19.60 metres grading 5.45 g/t Au and 20.63 g/t Ag
including
11.80 metres of 8.57 g/t Au and 30.87 g/t Ag. This intercept
represents the
highest grade gold mineralization encountered at the East Burns area by
Bayfield
to date and further extends the eastern mineralized zone down plunge
from
previous drilling. This southwest plunging higher grade zone remains open
down
dip from the intercept in hole RR12-30 and the Company is actively drilling
this
expanding zone at depth.

Updated Burns Block Drill Hole Location Map:
http://www.bayfieldventures.com/i/maps/BYV_Burns_Block_Drill_Collar_Map_Feb_2012.jpg

East Burns Highlights:

  * Hole RR12-30 intersects 19.60 metres grading 5.45 g/t Au and 20.63 g/t
    Ag including 11.80 metres of 8.57 g/t Au and 30.87 g/t Ag.
  * This intercept represents the highest grade gold mineralization
    encountered at the East Burns area by Bayfield to date.
  * Eastern higher grade mineralized zone remains open down plunge to the
    southwest with more drilling planned to test the zone at depth.
  * Exploration in the East Burns area has been very active in the late
    summer with drilling on both sides of the Bayfield - Rainy River
    Resources property line.
  * Mineralization is being found within a 50 to 70 metre wide zone of
    shearing, sericite-silica alteration and polymetallic base metal
    sulfide mineralization.

Eastern Burns Block Exploration/Delineation Discussion:

The results from hole RR12-30 expand the down plunge extension of the East
Burns
mineralized zone a further 20 metres from previously reported drill hole
RR12-12. The mineralized zone is associated with discontinuous
quartz-carbonate-galena-chalcopyrite veinlet swarms with accompanying
visible gold and silver smears and crack infillings. The logged vein
textures and mineral assemblage are very similar to that seen in the
high grade hole
RR11-71 area located in the north-west portion of the Burns property.

Assay Results from Hole RR12-30:

+----------+--------+------+----------+--------+--------+-------+---------+
|Drill Hole|From (m)|To (m)| Interval |Au (g/t)|Ag (g/t)| AuEq  |  Drill  |
|          |        |      |   (m)    |        |        | (g/t) |  Fence  |
+----------+--------+------+----------+--------+--------+-------+---------+
| RR12-30  | 287.00 |288.50|   1.50   |  0.87  |  2.50  | 0.92  |         |
|          |        |      |          |        |        |       |         |
|          | 307.60 |308.60|   1.00   |  0.99  |  1.20  | 1.01  |         |
|          |        |      |          |        |        |       |         |
|          | 602.00 |603.50|   1.50   |  0.34  | 14.50  | 0.63  |         |
|          |        |      |          |        |        |       |         |
|          | 615.50 |635.10|  19.60   |  5.45  | 20.63  | 5.86  |         |
|          |        |      |          |        |        |       | Eastern |
|including | 615.50 |632.30|  16.80   |  6.26  | 23.09  | 6.72  |   Zone  |
|          |        |      |          |        |        |       |         |
|including | 615.50 |627.30|  11.80   |  8.57  | 30.87  | 9.19  |         |
|          |        |      |          |        |        |       |         |
|including | 620.00 |627.30|   7.30   | 13.46  | 46.55  | 14.39 |         |
|          |        |      |          |        |        |       |         |
|including | 626.40 |627.30|   0.90   | 75.50  | 172.00 | 78.94 |         |
|          |        |      |          |        |        |       |         |
|          | 639.50 |641.00|   1.50   |  0.45  |  3.20  | 0.51  |         |
+----------+--------+------+----------+--------+--------+-------+---------+

* g/t = grams per metric tonne
* The down hole interval lengths are estimated to be approximately 50%-60%
  of true width
* 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%
* The intervals were determined using a 0.35 g/t gold equivalent cut-off
  grade with a maximum gap of 3.0 metres between intervals below the
  cut-off grade

Investor Relations Contract with MI3 Communications Financières Inc.:

In other news, Bayfield announces that it has entered into a Financial
Public
Relations Service Agreement (the "Agreement") with Montreal based
MI3
Communications Financières Inc. MI3 provides Investor Relations
and related
corporate communications services to public companies in Canada and
the
activities to be provided will be to assist the Company in
increasing its
visibility in the financial marketplace and expand its coverage within
financial
networks. The Agreement has an initial term of 12 months until August 8,
2013.
In consideration for the provision of the services to be provided, MI3
will be
paid $2,000 per month, plus applicable taxes. Bayfield will also grant MI3
up to
a maximum of 300,000 incentive stock options at an exercise price of
$0.55 per
share for a period of two years which will be subject to vesting
requirements as
set out by the policies of the TSX Venture Exchange. The Agreement is
subject to
acceptance of the TSX Venture Exchange.

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 drilling concentrated
on the
flagship Burns Block Project. The Company has 70.3 million shares
outstanding
and has approximately $3.5 million in its treasury.

For further information on Bayfield Ventures Corp. (TSX-V: BYV),
visit the
Company's web site at www.bayfieldventures.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
_______________________________
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 news release may contain certain "Forward-Looking Statements"
that may
involve a number of risks and uncertainties. There can be no assurance that
such
statements will prove to be accurate, and actual results and future events
could
differ materially from those anticipated in such statements. For a more
detailed
discussion of such risks and other factors, refer to the Company's filings
with
Canadian Securities regulators available on www.sedar.com.

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and
other applicable laws; and

(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Bayfield Ventures Corp. via Thomson Reuters ONE

[HUG#1648151]

For further information contact myself or:

Don Myers

Director

Bayfield Ventures Corp.

Telephone: 604-687-3376

Toll Free: 800-567-8181

Facsimile: 604-687-3119

Email: Email Contact


Other Contact:

Envoy Strategic Partners Investor Relations

Jay Bedard

Telephone: 416-977-7778

Email: Email Contact