VANCOUVER, BRITISH COLUMBIA, Feb. 17, 2011 (Marketwire) --
Bayfield Ventures Corp. (TSX VENTURE:BYV) (FRANKFURT:B4N) (the "Company") announces that, pursuant to its stock option plan, the Company has granted incentive stock options to certain of its directors, officers, consultants and management company employees to purchase up to an aggregate of 519,508 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.82 per share. The Company's 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held on April 7, 2010. Any shares to be issued upon exercise of the stock options will be subject to a hold period and shall not trade before June 18, 2011.
About Bayfield Ventures Corp.:
Bayfield Ventures Corp. is exploring for gold in the Rainy River District of NW Ontario adjacent to Rainy River Resources (TSX.V: RR). The Company has approximately 53 million shares outstanding and over $7 million in its treasury.
On February 15th, Bayfield Ventures was recognized as a TSX Venture 50(R) company in 2011. TSX Venture 50 is a trade-mark of TSX Inc. and is used under license. The TSX Venture 50(R) are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and clean technology - based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2010.
For further information on Bayfield Ventures Corp. (TSX VENTURE:BYV), visit the Company's web site at www.bayfieldventures.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit, Chairman and CEO
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Bayfield Ventures Corp.
Chairman and CEO
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
Bayfield Ventures Corp.
Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@bayfieldventures.com
www.bayfieldventures.com
Envoy Strategic Partners Investor Relations
416-977-7778
jay@envoystrategicpartners.com
