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2014-05-15

Bayfield Ventures Corp.: Bayfield Ventures Corp. :Bayfield Ventures Closes Second 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 15, 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 second trancheof its non-brokered
private placements and has issued a total of 1,667,334 flow-throughunits (the
"Units") at a price of $0.30 per Unit to raise gross proceeds of $500,200.
Each Unit consists of one common share of the Company ("Unit Shares") and one
non-transferable non flow-through common share purchase warrant (a
"Warrant"), with each Warrant entitling the holder to purchase one additional
non flow-through common share at a price of $0.35 per share until May 06,
2016. The Company has also issued 100,000 non flow-throughunits at a price of
$0.25 per Unit to raise gross proceeds of $25,000. Each Unit consists of one
common share of the Company and one non-transferable non flow-through common
share purchase warrant, with each Warrant entitling the holder to purchase
one additional non flow-through common share at a price of $0.255 per share
until May 06, 2016.

In connection with the closing of the second tranche of the financings, the
Company issued a total of 109,713 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 flow-through Unit Warrants.
The Company also paid to finders a cash total of $32,414 in connection with
these financings. 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/BYVRRMapwopit.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.

---------------------------------------

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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