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2014-05-14

Bayfield Ventures Corp. : Bayfield Ventures Closes First Tranche of Financing

Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, V7Y 1K4, CANADA

www.bayfieldventures.com

TSX Venture Trading Symbol: BYV
Email:info@bayfieldventures.com

May, 14, 2014

Vancouver, BC - Bayfield Ventures Corp. (TSX-V:BYV)
(OTC Pink:BYVVF) (Frankfurt:B4N) announces, further to its news releases of
April 22ndand May 2nd, it has closed the first trancheof its non-brokered
private placement and has issued a total of 1.83 million
non-flow-throughunits (the "Units") at a price of $0.25 per Unit to raise
gross proceeds of $457,500. Each Unit consists of one common share in the
capital of the Company ("Unit Shares") and one non-transferable common share
purchase warrant (a "Warrant"), with each Warrant entitling the holder to
purchase one additional common share at a price of $0.255 per share until May
16, 2016.

In connection with the closing of the first tranche of the financing, the
Company issued a total of 72,100 finder's warrants (the "Finder's Warrants")
to finders who introduced certain subscribers to the private placement. The
Finder's Warrants are on the same terms as the Unit Warrants. The Company
also paid to finders a cash total of $18,025 in connection with this
financing. The Unit Shares and Warrants issued under the private placement
and any shares issued pursuant to the exercise of the Warrants and Finder's
Warrants are subject to a four month and one day hold period until September
06, 2014 under applicable securities laws and imposed by the TSX Venture
Exchange.

Bayfield Ventures intends to utilize the proceeds from these private
placements for a planned exploration and drill program on its 100% owned
Burns Block and "B" Block gold-silver projects located in the Rainy River
district of north-western Ontario and for general working capital purposes.
The Company's planned exploration and drill program will follow report
recommendations contained in the recently completed Independent Mineral
Resource Estimateentitled"BURNS BLOCK NATIONAL INSTRUMENT 43-101 COMPLIANT
TECHNICAL REPORT," dated January 14, 2014 prepared by Riverbend Geological
Services Inc.and a Technical Report entitled ""B" BLOCK NATIONAL INSTRUMENT
43-101 COMPLIANT TECHNICAL REPORT," dated Feb. 14, 2014.

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

About Bayfield Ventures Corp.:

Bayfield Ventures Corp. is exploring for gold and silver in the Rainy River
District of north-western Ontario. Bayfield Ventures goal is to increase
shareholder value by developing exploration projects near world-class
deposits that have the potential of becoming new discoveries.

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

ON BEHALF OF THE BOARD OF DIRECTORS

"Jim Pettit"
______________________________
JAMES G. PETTIT
Chairman and CEO

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:info@bayfieldventures.com

Other Contact:
Envoy Strategic Partners Investor Relations
Jay Bedard
Telephone: 416-977-7778
Email:jay@envoystrategicpartners.com

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 atwww.sedar.comfor further information.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Bayfield Ventures Corp. via Globenewswire

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