Mr. Ronald Stewart of Beaufield reports

BEAUFIELD RESOURCES ACQUIRES 100% INTEREST IN THE URBAN-WINDFALL SECTOR

Beaufield Resources Inc. has acquired a 100-per-cent interest in the 299-hectare Windfall East project from Alto Ventures Ltd. The property, strategically located, is adjacent to Osisko Mining's Windfall deposit and on trend from Osisko's new Lynx discovery in Urban-Barry township, Quebec.

Terms of acquisition of the property:

• Beaufield will pay Alto $300,000 cash.
• Beaufield will issue 2.75 million Beaufield shares to Alto.
• Alto will retain a 1-per-cent net smelter return royalty on the property with a buyback provision for 0.5 per cent of the net smelter return royalty by Beaufield for $1-million.

Concurrently with this acquisition, Beaufield will subscribe for 2,916,667 shares of Alto at a price of 12 cents per share for proceeds of $350,000.

The acquisition is subject to approval of the TSX Venture Exchange.