Suite 1490 - 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8 www.bayfieldventures.com NEWS RELEASE November 15, 2006 Trading Symbols: (TSX.V: BYV), (FWB: B4N) Telephone: (604) 687-3376 Email: [email protected] Facsimile : (604) 687-3119 50% Interest Acquired in Gold Property Immediately SW of Rainy River Resources Vancouver, BC - Bayfield Ventures Corp. (TSX.V: BYV) (FWB: B4N) announces that the Company has signed a letter of intent for the acquisition of a 50% interest in 8 units totaling 320 acres (the Block "A" claims) located in Richardson Township, 80 kilometres south of Kenora, in northwestern Ontario. A definitive Option Agreement is currently being finalized. The "A" claim block is located to the immediate southwest of the Rainy River Resources Ltd. (TSX.V: RR) property and is located approximately 3 km to the southwest of Rainy River Resources #17 and #433 and newly announced ODM gold zones. Latest news releases by Rainy River Resources report new intercepts of 23.5 m of 10.6 g/t Au and 22.6 m of 17.0 g/t Au in the newly announced ODM zone. Rainy River claims map: http://www.bayfieldventures.com/i/maps/BYVrainy11-17.jpg The "A" claim block is well within known volcanic greenstone and sedimentary rocks and cover similar lithologies and structures to those hosting the gold zones on the adjoining Rainy River Resources claims. Bayfield Ventures announced on November 10th that the Company had signed a letter of intent for the acquisition of a 100% interest in 4 other claim blocks ("C", "D1", "D2", and "E") consisting of approximately 2600 hectares located to the immediate west and southwest of the Rainy River Resources property. A definitive Option Agreement is currently being finalized on these 4 properties as well. David J. Busch, B.A., B.Sc., PGeo., is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release. Bayfield Ventures Corp. is actively involved in the exploration for gold in Northwestern Ontario, diamonds in Central Saskatchewan, Canada, and copper-gold and coal in the South Gobi region of Mongolia. Property partners include Goldcorp and BHP Billiton. For further information on Bayfield Ventures Corp. (TSX.V: BYV), visit the Company's web site at www.bayfieldventures.com. For further information on Rainy River Resources Ltd. (TSX.V: RR), visit their web site at www.rainyriverresources.com . ON BEHALF OF THE BOARD OF DIRECTORS "Don Huston" DON HUSTON President 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: [email protected] THE TSX VENTURE AND FRANKFURT STOCK EXCHANGES HAVE NOT REVIEWED AND DO NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS RELEASE. This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various 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. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.