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2014-05-02

Bayfield Ventures Corp. : Bayfield Ventures Increases Financings to $1,750,000

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

CANADA

TSX Venture Trading Symbol: BYV

Email:info@bayfieldventures.com

May 02, 2014

Vancouver, BC - Bayfield Ventures Corp. (TSX-V:BYV)
(OTC Pink:BYVVF) (Frankfurt:B4N) announces, further to its news release of
April 22nd, that it has increased its non-brokered private placement to up to
4,000,000 units (the "Unit") at a price of $0.25 per unit to raise proceeds
of up to $1,000,000. Each Unit consists of one common share and one
non-transferable share purchase warrant (the "Warrant"). Each Warrant will
entitle the holder to purchase one common share for a period of two years at
a price of $0.255 per share.

Bayfield has also increased its non-brokered private placement to up to
2,500,000 flow-through units (the "FT Units") at a price of $0.30 per FT Unit
to raise proceeds of up to $750,000. Each FT Unit consists of one
flow-through common share and one non-transferable non flow-through warrant
(the "NFT Warrant"). Each NFT Warrant will entitle the holder to purchase one
non flow-through common share for a period of two years at a price of $0.35
per share.

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

A finder's fee of up to 7% cash and 7% non-transferable NFT warrants (the
"Finder's Warrants") may be paid in connection with these private placement
offerings. Each Finder's Warrant will entitle the Finder to purchase a common
share at a price of $0.255 per share for the NFT Units and $0.35 per share
for the FT Units for a period of two years from the closing date of the
private placements.

All the securities issuable will be subject to a four-month hold period from
the date of closing. The above transactions are subject to the acceptance of
the TSX Venture Exchange.

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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