During the period of our cease trade Management has continued to promote the business of the Company.

Management has negotiated the site location of the Ras Lanuf Refinery from land held by the National Oil Company of Libya.

The Libyan Foreign Investment Board has directed the Libyan Water, Gas and Electrical Directorates to provision for Winfield’s anticipated needs through the construction phase.
Winfield will refinance in January, 2009, to complete the KBC bankable feasibility report.

Management has reapplied, with revised refinery economics, to the Tunisian Authorities to build, own and operate a new stand alone green fields 300,000 barrel per day oil refinery in the Tax Free Port of Zarzis, Tunisia.

Management has applied to the Angolan Authorities to build, own and operate a new stand alone green fields 300,000 barrel per day oil refinery in the Republic of Angola. Angola is Africa’s fourth largest petroleum producer at 1,250,000 barrels per day.

In April 2008, the Company created a 100% wholly owned Barbados subsidiary to manage its international operations, and to operate under the existing income tax treaty signed January 22, 1980 between the Government of Canada and the Government of Barbados.

In parallel with its refinery initiatives Winfield Resources Limited is pursuing enhanced oil recovery activities (“EOR”). This business is focused on “Discovered Reserve Opportunities”.
Winfield has acquired D + S Engineering of Calgary, Alberta, to provide oversight and management of new EOR opportunities. D + S Engineering was founded in 1964 and its consultancies include; Reservoir Engineering; Reservoir Simulation; Facility Design and Project Management; Heavy Oil Production Process Design and Evaluation; Geological Services; Material Inspection.

In January 2009, Winfield will react to an invitation from the Arab Gulf Oil Corporation, of Libya, to audit several of their shut-in oil fields and provide recommendations for their re-activation through production sharing agreements between Winfield and AGOCO.

Winfield is now seeking Production Sharing Agreements with Nationalized North African Oil Companies. Winfield, through D + S Engineering, will bring technology, systems and oversight to reactivate underperforming or shut-in oil fields that have determinate recoverable reserves. Winfield will acquire or jointly develop oil properties on which substantial acquisition, exploration and development expenditures have been made, where there is a significant exploitable resource, and where there is excellent infill drilling potential. It is estimated that Libya has over three billion barrels of crude oil recoverable through secondary recovery methods.

Winfield is currently making application to acquire a significant bitumen and heavy oil bearing property in Western Africa. The bitumen belt, in its entirety, is estimated to contain 40 billion barrels of synthetic crude oil.

Winfield has entered into a joint venture arrangement with Creative Energy Systems (CES) of Edmonton, Alberta, to exploit waste oil deposits for recovery to refinery feedstock’s. The commercial terms agreed upon have Winfield holding an undivided 60% ownership interest to CES’s 40%. CES is to operate the assets in place and be responsible for the day to day management. After debt retirement Winfield or nominee will control the asset. All equipment will be of new manufacture or retrofitted to new standards. Construction will fall under ASME Spec. (American Society Mechanical Engineering); CWB (Canadian Welding Bureau) and ABS (American Bureau of Shipping) Waste oil comprises the bottom 3% by volume of crude oil in storage tanks.
Winfield is actively pursuing the acquisition of an existing fuel ethanol facility in Western Canada. The purchase of which would be through a combination of debt financing and direct equity in the plant.

For the record, Winfield is not subject to any insolvency proceedings and there is no material information concerning the affairs of Winfield which has not been disclosed.

To the Shareholders of Winfield; Thank You for Your Generous Support.

Michael Foley, President