Bayfield Ventures Resumes Drilling in Rainy River, NW Ontario,

VANCOUVER, BC -- (Marketwire) -- 01/20/11 --

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

TSX-V Trading Symbol: BYV Telephone: (604)
Email:info@bayfieldventures.com 687-3376
Facsimile:
(604)
687-3119

NEWS RELEASE

January 20, 2011

Bayfield Ventures Resumes Drilling in Rainy River, NW Ontario,
Sampling, VTEM Survey, andDrill Results Announced

Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the
'Company')
is providing an exploration update on its 100% owned Rainy River gold
properties
in north-western Ontario. The Company's 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:
* 25,000 metres of diamond drilling planned for 2011; two rigs have
commenced
drilling on Burns Block
* Continuing to prove up lower grade, bulk tonnage gold mineralization as
well
as higher grade gold zones / chutes
* Gold intercepts reported on Burns Block continue to define eastern
extension
of Rainy River Resource's main ODM17 gold zone
* Late 2010 detailed geologic mapping and sampling highlight
excellent
potential for new discoveries as well as extending ODM17 gold
zone
completely across Burns Block, a strike length of 800 metres
* Airborne geophysical survey completed December, 2010: strong,
discrete
conductor in the east portion of Burns Block in same area as
multi-gram
surface samples (will be drill tested)
* 'C' Block survey presents top quality drill targets with drill
testing
planned for Q1

Resumption of Drilling on the Burns Block:

Bayfield has re-mobilized drill crews back onto its Burns Block
property and
diamond drilling has commenced after a break for the holiday season. One
of the
drill rigs is currently drilling a vertical hole in the southwest corner
of the
property while the second rig has just resumed drilling 50 metres
east of
previously drilled holes RR10-53 and 54. The Company will continue
its
aggressive exploration program with 25,000 metres of diamond drilling
planned
for its Rainy River projects which will carry on throughout this
year. The
results thus far in the program have been very successful in
delineating the
eastern extension of Rainy River's main ODM17 gold zone onto the Burns
Block.
Bayfield continues to discover and define both lower grade, bulk
tonnage
mineralization as well as higher grade zones on its Burns property. There
is a
high potential for further gold discoveries, including additional high
grade
chutes, east of the current drilling which has only extended approximately
150
metres from the western border of the property.

Updated Burns Block drilling exploration map:

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

Chip Sampling Results from the Burns Block:

Detailed geologic mapping and sampling of the Burns Block in
September and
October 2010 confirmed that the key altered and foliated dacite volcanic
unit
extends completely across the Burns Block property to the east. Surface
samples
collected during the mapping returned several assays greater than 1
g/t Au.
Follow-up chip sampling was completed in the eastern portion of the Burns
Block
in November 2010. Assays from these samples have been received and
indicate the
presence of strong gold mineralization at surface. Of the 23 chip
samples
collected, five returned gold assays greater than 1 g/t Au including
values of
5.2 g/t Au, 4.05 g/t Au and 3.5 g/t Au.

These results highlight the excellent potential for extending the ODM17
gold
zone completely across the Burns Block, constituting a strike length of
800
metres.

VTEM and Cesium Magnetic Survey:

Bayfield contracted Geotech Ltd. to fly a combined VTEM and high
sensitivity
cesium magnetometer survey over its Burns, 'B' and 'C' Block properties. A
total
of 308 line kilometres were flown in the survey which was completed in
mid-
December, 2010. Preliminary data from the survey has now been received
and is
being used to advance the understanding of the structural geology
of the
surveyed areas as well as to provide specific drill targets at
discrete
conductors, resistors and structural intersections.

The survey was flown in two distinct blocks, an eastern block covering the
Burns
and 'B' Block exploration areas and a western block covering the large 'C'
Block
exploration area. Interpretation of the preliminary data is complete
and the
following drill targets have been identified:

* A strong, discrete conductor in the east-central portion of the Burns
Block
has been identified and will be drill tested. No previous drilling has
been
done in this portion of the property. The anomaly is located in the
same
area as the multi gram surface samples reported above.

* A strong, discrete conductor in the northeast portion of the 'B'
Block has
been identified and will be drill tested. No previous drilling has been
done
in this portion of the 'B' Block property.

* The cesium magnetic data from the 'C' Block survey show clear
evidence of
mafic volcanic rocks in the northern portion of the property. These
rocks
are separated from interpreted intermediate volcanic rocks by a
sharp
contact that is very likely a fault. The interpreted fault contact
and the
area of interpreted intermediate volcanic (dacite or equivalent)
rocks
present top quality drill targets at the 'C' Block. Drill testing of
this
area is planned for the first quarter.

Discussion of Gold Assay Results from Holes RR10-50 to RR10-54:

Bayfield has received the remaining assays from the last few holes
completed
before the holiday break. Previously reported hole RR10-52 contains
143.10 g/t
Au over 0.6 metres, 89.96 g/t Au over 1.1 metres, and 9.52 g/t Au over
10.6
metres all within 46.6 metres of 2.28 g/t Au. This drill intercept is at a
depth
of about 400 metres down-hole and the 1.1 metre high grade
intersection is
hosted in a quartz-calcite vein. Hole RR10-53 intercepted 12.2 metres of
1.25
g/t Au from 555.2 to 567.4 metres as well as 3.0 metres of 2.24 g/t Au
from
562.3 to 565.3 metres. Hole RR10-51 intercepted 14.0 metres of 0.96 g/t Au
from
530.0 to 544.0 metres down-hole. Contained within that intersection is 1.0
metre
of 4.03 g/t Au, 1.0 metre of 3.59 g/t Au and 1.0 metre of 1.35 g/t Au.
Hole
RR10-54 returned metre long samples of 1.83 g/t Au and 1.42 g/t Au
within an
anomalous interval from 404.5 to 439.0 metres down-hole. Hole RR10-50
carried
anomalous gold values over a longer width. All five holes, located
in the
southwest portion of the Burns Block, intersected the strongly sericite
altered,
highly foliated dacite volcanic unit over intervals ranging from 100 to
140
metres.

Exploration Potential:

Bayfield is still at an early stage of exploration on its Rainy
River
properties. The compiled geologic and analytical results from
exploration
completed on the Burns Block in 2010 unequivocally demonstrate that the
large,
pervasively mineralized gold deposit being developed by Rainy River
Resources
continues onto and potentially entirely across the Burns Block property.

Jim Pettit, CEO of Bayfield Ventures, stated: 'The exploration on
Bayfield's
Burns Block in 2010 was very successful in advancing the property as
drill
results consistently proved up both bulk tonnage gold mineralization as
well as
higher grade gold zones. The Company is excited to continue its 50,000
metre
drill program into 2011 on its Rainy River properties. With the new
geologic
sampling and geophysical data, management is confident more gold
discoveries
will be made by Bayfield on its projects.'

Quality Assurance:

Drill core analysis and assaying is being conducted by ACT Labs in Thunder
Bay,
Ont. The lab is ISO/IEC 17025:2005 (CAN-P-4E) certified. The drill core is
split
and sampled in standard 0.5 metre to 1.5 metre intervals. The core samples
were
analyzed for gold by 30-gm fire assay with AA finish and by gravimetric
methods
from assays over 3000 ppb (over limit). Screened total metallic assays are
being
performed on samples assaying over 10,000 ppb. The Company has
implemented a
quality assurance and quality control program to ensure that the
sampling and
analysis of all samples is conducted in accordance with the best
possible
practices.

Shane Hu, P.Geo., Project Geologist for Bayfield Ventures is the
Qualified
Person, as defined by National Instrument 43-101 and supervised both the
project
field and the preparation of the technical information in this release.

About Bayfield Ventures Corp.:

Bayfield Ventures Corp. is exploring for gold in the Rainy River
District of
north-western Ontario. The Company has approximately 53 million
shares
outstanding and over $7 million in its treasury.

For further information on Bayfield Ventures Corp. (TSX-V: BYV),
visit the
Company's web site atwww.bayfieldventures.com.

For drilling updates, follow Bayfield on
Facebook:http://www.facebook.com/group.php?gid=56518514278&ref=mf#!/group.p
hp?gi
d=56518514278&v=wall

ON BEHALF OF THE BOARD OF DIRECTORS

'Jim Pettit'
_______________________________
James G. Pettit
Chairman and CEO

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 news release may contain certain 'Forward-Looking Statements'
that may
involve a number of risks and uncertainties. There can be no assurance that
such
statements will prove to be accurate, and actual results and future events
could
differ materially from those anticipated in such statements. For a more
detailed
discussion of such risks and other factors, refer to the Company's filings
with
Canadian Securities regulators available onwww.sedar.com.

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Bayfield Ventures Corp. via Thomson Reuters ONE

[HUG#1480881]

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