PRIVATE PLACEMENT ANNOUNCEMENT

Snowfield Development Corp. (the “Company”) announces that it has negotiated a non-brokered private placement (#42) offering of 5,000,000 Units at a price of $0.10 per Unit. Each Unit consists of one (1) common share in the capital of the Company and one (1) non-transferable share purchase warrant (“Warrant”). Each Warrant will be exercisable for a period of two (2) years from the closing date and will entitle the holder to purchase one (1) additional common share in the capital stock of the Company at a price of $0.12 per share in the first year and $0.15 per share during the second year.

The common shares from the Units and the common shares from the exercise of Warrants, if any, are subject to a hold period of four (4) months from the distribution date. The expiry date of the Warrant is two (2) years from the closing date.