Bayfield Ventures Begins Drill Program on Its Rainy River Claim Block Located 800 Metres From New Gold Discovery

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2008) - Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company") announces that a drill rig is being mobilized to its "B" claim block, located in Richardson township, in the Rainy River District , North Western Ontario.

Rainy River Ontario Claims Map: http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf

The Company has contracted to Rodren Drilling of Winnipeg to carry out an approximate 1500 meter drill program to be completed before year end. The "B" claim block is located 800 metres east of the major ongoing drill program being carried out by Rainy River Resources.

This Phase 2 drill program will be concentrated in the southwest corner of the "B" claim block. Bayfield believes that the geological setting on the "B" claim block is similar to the recently announced drill results by Rainy River Resources (see their news release Sept 9, 2008). Rainy River Resources reported that a new high-grade gold discovery has been intersected with three (3) multi-gram gold intervals near surface, one of which spanned 79.5 metres. (up to 12.17 g/t gold over 5.2 metres). This new gold discovery is located approx 800 metres from the southwest portion of the Bayfield's "B" claim block. The Company is of the opinion that the highly altered dacitic tuff breccia zone, seen in the Rainy River Resources core, continues in an easterly trend on to the "B" claim block held 100% by Bayfield Ventures. The Company will focus this round of drilling on the southwest target area of the property.

Bayfield Ventures completed an initial reconnaissance drill program in winter 2007 / 2008. The Company was encouraged with the results received from the initial Phase 1 drill program. The polymetallic mineralization encountered in this preliminary drill program is consistent with and typical of the style of mineralization in the Rainy River area including the property of Rainy River Resources that hosts the No. 17 gold zone and the No. 433 polymetallic zone. The geological similarities to the Rainy River Resources No. 17 gold zone and the No. 433 polymetallic zone seen in the Bayfield "B" claim block rock types were very encouraging.

Bayfield Ventures proposes a Phase 2 drill program on its "B" claim block consisting of three to four additional drill holes. This drilling will begin immediately.

Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario. Property partners include Rainy River Resources and Goldcorp.

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

Don Huston, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various 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. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture and Frankfurt stock exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of the content of this press release.