UPDATE ON DEVELOPMENTS

Snowfield Development Corp. (“Snowfield” or the “Company”) takes this opportunity to update its shareholders on developments at its Ticho Diamond project locate 50km southeast of Yellowknife, NWT. Snowfield's summer exploration program, as outlined in NR08-14 is well underway.

One of the objectives of this program is to locate new kimberlite bodies believed to be the source of abundant kimberlite indicator minerals retrieved from soil samples taken to the northeast, up ice, of the Mud Lake kimberlite. A more detailed soil sampling program is now underway in this area. The discovery of a boulder of kimberlite float approximately 2km to the east of Mud Lake and southeast of Sipper Lake is also being followed up to determine its origin.

In March of 2007 Snowfield purchased a Longyear 28 drill which, after modifications and improvements, has proven to be a good investment. Snowfield does not expect to recommence drilling until the late summer of 2008 and has therefore elected to contract out this drill and crew on a commercial basis. In addition to keeping an excellent drill-crew together and employed by Snowfield, the Company will benefit from the cash-flow generated.

Two exploration drills remain on the property to drill generated targets as required.

Snowfield awaits the diamond counts from the 38 hole delineation program conducted this spring on the Mud Lake kimberlite. These results will be reported when received.

On behalf of the Board of Directors,

Snowfield Development Corp

"Robert T. Paterson"

Robert T. Paterson

President and Director