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

TSX-V Trading Symbol: BYV

Email:info@bayfieldventures.com

Telephone: (604) 687-3376

Facsimile: (604) 687-3119

June 3, 2011

Vancouver, BC - Bayfield Ventures Corp.(TSX-V: BYV) (FWB: B4N) (the "Company") is pleased to announce additional significant gold intercepts on its 100% owned Burns Block property in the Rainy River District of north-western Ontario. The Burns Block is situated adjacent to the east and on strike to Rainy River Resources` (TSX-V: RR) multi-million ounce gold deposit.

Rainy River gold properties claims map:

http://www.bayfieldventures.com/i/pdf/BYVRRArea.pdf

Highlights:

• North fence drilling continues to intersect shallow, well mineralized intervals including 20.35 metres of 2.27 g/t Au and 7.76 g/t Ag within 77.25 metres of 0.81 g/t Au and 4.83 g/t Ag in hole RR11-36
• A 30 metre step out from hole RR11-14 on the central drill fence intercepts strong gold and silver mineralization including 12.0 metres of 1.56 g/t Au and 34.69 g/t Ag (2.43 g/t Au equivalent over 12.0 metres) in hole RR11-41

• A second gold and silver mineralized zone intersected in hole RR11-36 from 425.8 metres to 434.95 metres down hole is believed to be the down dip extension of Rainy River`s 433 Zone

• Assays pending for eighteen additional holes

Discussion of Results for Holes RR11-34 to RR11-42:

Infill drilling of the central and north exploration fences continues to intersect notable gold and silver mineralization at the Burns Block. The assays summarized in the table below are the results received to date from this work along with a single hole from the eastward extension on the south exploration fence (RR11-38).

All holes completed during the infill drilling intersected the highly foliated and sericite altered zone which hosts the vast majority of known gold and silver mineralization at the Burns Block. Gold and silver values within the zone are highly erratic on the scale of individual samples but, when viewed as wider intervals across the entire zone, show much more continuity.

An excellent example of this characteristic is found in the assay results from a common collar three hole fan on the north fence (holes RR11-34, 35 and 36). Detailed examination of the listed metre-scale intervals shows huge variability in both gold and silver content. However, when the gold equivalent values (AuEq) of the largest listed intervals for each of the holes are compared, the variability is much lower. This data strongly suggests that the combined gold and silver mineralization within the foliated and altered zone has decent continuity and implies that open pit mining of the entire zone could potentially be modeled.

Updated Burns Block drilling exploration map:

http://www.bayfieldventures.com/i/maps/BYV_Burns_Exploration_Map_July_2010.jpg

Gold and Silver Assay Results from Central and North Fence Infill Drilling:

* g/t = grams per metric tonne

* AuEq (g/t) values calculated at the current 40 to 1 (gold price vs. silver price) ratio and metallurgical recoveries and net smelter returns are assumed to be 100%

Bayfield continues to intersect highly anomalous gold and silver mineralization within the interpreted down dip extension of Rainy River`s 433 Zone. Drill hole RR11-36 intersected 9.15 metres of 0.51 g/t gold and 6.09 g/t silver from 425.8 metres to 434.95 metres down hole. While not high grade, these results clearly indicate the potential for the discovery of higher grades within this underexplored mineralized zone at the Burns Block. Future drilling will further explore this secondary deeper zone.

Current Exploration Summary:

Bayfield is continuing its aggressive exploration and delineation of mineralized zones on the Burns Block. Three hydrostat core rigs are currently in operation. The program is focused on two complimentary exploration efforts, infill drilling in the west portion of the block and eastward exploration towards the central portion of the block. Assays are pending for eighteen additionally completed holes (RR11-43 through RR11-60).

Drilling has commenced this week on the Far North Exploration Fence at the Burns project. This fence is located 60 metres north of the North Fence and is designed to explore the main mineralized zone up into the near surface environment. Furthermore, this fence will be used to explore for gold and silver mineralization in the down dip extension of Rainy River Resources` prolific 433 Zone.

Initial plans for commencing drill exploration of Bayfield`s 100% owned large and highly prospective "C" Block property are underway. It is anticipated that a fourth drill will be brought in to do this first round drill test of the eastern portion of the "C" Block.