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Exploring for Canadian Gold in the Rainy River District

Exploring for Canadian Gold in the Rainy River District

October2012

OctoberOctober20122012

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This presentation may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, capital and other costs and credits, timing for and results of feasibility study and other programs, receipt of property titles, potential mineral recovery processes, and other related matters. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates and projections herein will be sustained in future work or that the Project will otherwise prove to be Economic. This presentation 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.

This presentation may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, capital and other costs and credits, timing for and results of feasibility study and other programs, receipt of property titles, potential mineral recovery processes, and other related matters. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates and projections herein will be sustained in future work or that the Project will otherwise prove to be Economic. This presentation 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.

Forward Looking StatementsForward Looking StatementsForward Looking Statements

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Robert Marvin, Robert Marvin, P.GeoP.Geo., CPG, Project Geologist for Bayfield Ventures is the Qualified., CPG, Project Geologist for Bayfield Ventures is the Qualified Person as defined Person as defined by National Instrument 43by National Instrument 43--101 and supervised both the project field exploration and the pr101 and supervised both the project field exploration and the preparation of eparation of the technical information in this presentation.the technical information in this presentation.

Drill core analysis and assaying is being conducted by ACT Labs Drill core analysis and assaying is being conducted by ACT Labs in Thunder Bay, Ont. The lab is in Thunder Bay, Ont. The lab is ISO/IEC 17025:2005 (CANISO/IEC 17025:2005 (CAN--PP--4E) certified. The drill core is split and sampled in standard 04E) certified. The drill core is split and sampled in standard 0.5 .5 metre to 1.5 metre intervals. The core samples were analyzed formetre to 1.5 metre intervals. The core samples were analyzed for gold by 30gold by 30--gm fire assay with AA gm fire assay with AA finish and by gravimetric methods from assays over 5,000 ppb (ovfinish and by gravimetric methods from assays over 5,000 ppb (over limit). Screened total metallic er limit). Screened total metallic assays are being performed on samples assaying over 5,000 ppb. Tassays are being performed on samples assaying over 5,000 ppb. The core samples were analyzed he core samples were analyzed for silver by Ag Aqua for silver by Ag Aqua RegiaRegia--ICP finish and Ag Fire AssayICP finish and Ag Fire Assay--Gravimetric from assays over 100 Gravimetric from assays over 100 ppmppm(over limit). The Company has implemented a quality assurance an(over limit). The Company has implemented a quality assurance and quality control program to d quality control program to ensure that the sampling and analysis of all samples is conducteensure that the sampling and analysis of all samples is conducted in accordance with the best d in accordance with the best possible practices.possible practices.

Qualified PersonQualified PersonQualified Person

Quality AssuranceQuality AssuranceQuality Assurance

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Trading Symbol: BYV

Stock Exchange: TSX Venture

Frankfurt Symbol: B4N

Shares Outstanding: 70.0 million

Fully Diluted: 80.3 million

Debt: Nil

Market Cap.: $25 million

Treasury: $3.5 million

Trading Symbol:Trading Symbol: BYVBYV

Stock Exchange:Stock Exchange: TSX VentureTSX Venture

Frankfurt Symbol: Frankfurt Symbol: B4NB4N

Shares Outstanding:Shares Outstanding: 70.0 million70.0 million

Fully Diluted:Fully Diluted: 80.3 million80.3 million

Debt:Debt: NilNil

Market Cap.:Market Cap.: $25 million$25 million

Treasury:Treasury: $3.5 mill$3.5 millionion

Public company operating adjacent to Bayfield Ventures:

Rainy River Resources TSX: RR

Market Cap.: $500 million

Public company operating adjacent to Bayfield Ventures:Public company operating adjacent to Bayfield Ventures:

Rainy River ResourcesRainy River Resources TSX: RRTSX: RR

Market Cap.:Market Cap.: $500 million$500 million

Bayfield Share Capital StructureBayfield Share Capital StructureBayfield Share Capital Structure

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James G. Pettit:James G. Pettit: Chairman, CEOChairman, CEOJim Pettit is Chairman of the Board and Chief Executive Officer Jim Pettit is Chairman of the Board and Chief Executive Officer of Bayfield Ventures Corp. of Bayfield Ventures Corp. Mr. Pettit offers over 15 years experience within the industry sMr. Pettit offers over 15 years experience within the industry specializing in finance, pecializing in finance, corporate corporate governance, management, and compliance. He specializes in the eagovernance, management, and compliance. He specializes in the early stage rly stage development of private, as well as public companies. His backgrodevelopment of private, as well as public companies. His background over the past 15 years und over the past 15 years has been focused primarily within the resource sector where he hhas been focused primarily within the resource sector where he has managed and directed as managed and directed junior resource companies through good times and bad.junior resource companies through good times and bad.

Don C. Huston:Don C. Huston: President, Director President, Director Has been associated with the mineral exploration industry for 25Has been associated with the mineral exploration industry for 25 years and has extensive years and has extensive experience as a financier and inexperience as a financier and in--field manager of numerous mineral exploration projects in field manager of numerous mineral exploration projects in North America.North America.

Robert Marvin, QP, Robert Marvin, QP, P.GeoP.Geo., B.Sc., C.P.G.:., B.Sc., C.P.G.: VP ExplorationVP ExplorationSince 1979, Mr. Marvin has been involved in mineral exploration Since 1979, Mr. Marvin has been involved in mineral exploration for and evaluation of gold, for and evaluation of gold, copper, zinc, and uranium deposits throughout the Americas as ancopper, zinc, and uranium deposits throughout the Americas as an employee and as an employee and as an independent consultant. He graduated from the University of New independent consultant. He graduated from the University of New Mexico with a Bachelor Mexico with a Bachelor of Science degree in geology in 1984.of Science degree in geology in 1984.

Bayfield Ventures’ Key ManagementBayfield VenturesBayfield Ventures’’ Key ManagementKey Management

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Rainy River DistrictRainy River DistrictRainy River District

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Rainy River Resources’ DepositRainy River ResourcesRainy River Resources’’ DepositDepositRainy River's October 2012 resource calculation shows a Rainy River's October 2012 resource calculation shows a measured and indicated resource of 6.17 million of gold measured and indicated resource of 6.17 million of gold averaging 1.21 averaging 1.21 g/tg/t gold, in addition to an inferred resource of gold, in addition to an inferred resource of 2.28 million ounces of gold averaging 0.75 2.28 million ounces of gold averaging 0.75 g/tg/t gold. Rainy gold. Rainy River considers that the material above the final depth of the River considers that the material above the final depth of the conceptual pit shell (500 metres vertical depth) offers conceptual pit shell (500 metres vertical depth) offers reasonable prospects for economic extraction from an open pit reasonable prospects for economic extraction from an open pit using a cutusing a cut--off grade of 0.35 off grade of 0.35 g/tg/t gold. The deposit also gold. The deposit also contains a measured and indicated resource of 13.34 million contains a measured and indicated resource of 13.34 million ounces of silver averaging 2.62 ounces of silver averaging 2.62 g/tg/t silver, in addition to an silver, in addition to an inferred resource of 6.98 million ounces of silver averaging inferred resource of 6.98 million ounces of silver averaging 2.32 2.32 g/tg/t silver.silver.

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Holds 100% interest in three properties ideally located to the wHolds 100% interest in three properties ideally located to the west and east of est and east of Rainy River ResourcesRainy River Resources’’ (TSX(TSX--V: RR) multiV: RR) multi--million ounce gold depositmillion ounce gold deposit in in northnorth--western Ontariowestern Ontario

Bayfield Ventures’ ProjectsBayfield VenturesBayfield Ventures’’ ProjectsProjects

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Bayfield’s PropertiesBayfieldBayfield’’s Propertiess PropertiesBayfield has earned a 100% interest in its flagship “Burns” claim block which is completely surrounded by Rainy River Resources’property and adjoins immediate east of Rainy River’s main ODM17 gold zone.

Drill results from Burns Block continue to prove up lower grade, bulk tonnage gold mineralization as well as higher grade gold and silver zones (notable high grade results: 11.20m of 60.05 g/t Au and 362.96 g/t Ag as well as 10.0m of 35.93 g/t Au and 359.65 g/t Ag).

Bayfield also has 100% interest in the 480 hectare “B” claim block and the 800 hectare “C” claim block, located due east and west respectively of Rainy River Resources’ #433 and ODM17 gold zones.

Bayfield has earned a 100% interest in its flagship Bayfield has earned a 100% interest in its flagship ““BurnsBurns”” claim claim block which is completely surrounded by Rainy River Resourcesblock which is completely surrounded by Rainy River Resources’’property and adjoins immediate east of Rainy Riverproperty and adjoins immediate east of Rainy River’’s main s main ODM17 gold zone. ODM17 gold zone.

Drill results from Burns Block continue to prove up lowDrill results from Burns Block continue to prove up lower grade, er grade, bulk tonnage gold mineralization as well as higher grade gold anbulk tonnage gold mineralization as well as higher grade gold and d silver zones silver zones (notable high grade results: 11.20m of 60.05 (notable high grade results: 11.20m of 60.05 g/tg/t Au Au and 362.96 and 362.96 g/tg/t Ag as well asAg as well as 10.0m10.0m of 35.93 35.93 g/tg/t Au and 359.65 Au and 359.65 g/tg/t Ag).Ag).

Bayfield also has 100% interest in the 480 hectare Bayfield also has 100% interest in the 480 hectare ““BB”” claim claim block and the 800 hectare block and the 800 hectare ““CC”” claim block, located due east and claim block, located due east and west respectivelywest respectively ofof Rainy River ResourcesRainy River Resources’’ #433 and ODM17 #433 and ODM17 gold zones.gold zones.

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Rainy River District GeologyRainy River District GeologyRainy River District Geology

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Bayfield’s Current 2011/12 Ongoing Drill Program

BayfieldBayfield’’s Current 2011/12 Ongoing s Current 2011/12 Ongoing Drill Program Drill Program

100,000 metres of diamond drilling currently underway; designed 100,000 metres of diamond drilling currently underway; designed to to test the strike extension of Rainy Rivertest the strike extension of Rainy River’’s main ODM17 gold zone s main ODM17 gold zone onto the Burns Blockonto the Burns Block

Drilling to date confirms this with results right in line with RDrilling to date confirms this with results right in line with Rainy ainy RiverRiver’’s resultss results

Definition of easterly extension of ODM17 gold zone onto Burns Definition of easterly extension of ODM17 gold zone onto Burns Block includes zones within potential open pit parameters as welBlock includes zones within potential open pit parameters as well as l as zones below open pit depthszones below open pit depths

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Rainy River Gold ZonesRainy River Gold Zones

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Burns Block Drilling Exploration MapBurns Block Drilling Exploration MapBurns Block Drilling Exploration Map

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The gold and silver results thus far in the program have been veThe gold and silver results thus far in the program have been very successful in ry successful in delineating the eastern extension of Rainy Riverdelineating the eastern extension of Rainy River’’s main ODM17 gold zone onto the s main ODM17 gold zone onto the Burns BlockBurns Block

Most holes have broad, lowerMost holes have broad, lower--grade gold intersections with the potential to intercept grade gold intersections with the potential to intercept high grade gold and silver zones (as confirmed by holes RR10high grade gold and silver zones (as confirmed by holes RR10--15, RR1015, RR10--18, RR1018, RR10--52, RR1152, RR11--1, RR111, RR11--5, RR115, RR11--14, RR1114, RR11--71, RR1171, RR11--162, RR11162, RR11--180, RR11180, RR11--181, RR12181, RR12--23 and RR1223 and RR12--30)30)

Drill program has focused on two complimentary exploration efforDrill program has focused on two complimentary exploration efforts: delineation ts: delineation drilling of high grade golddrilling of high grade gold--silver zones in west portion of Burns Block and eastward silver zones in west portion of Burns Block and eastward exploration through series of four westexploration through series of four west--east drill fenceseast drill fences

A wide shear zone at the east Burns Block is being explored and A wide shear zone at the east Burns Block is being explored and this zone appears to this zone appears to be the far easterly strike extension of the main ODM17 goldbe the far easterly strike extension of the main ODM17 gold--silver zone which hosts silver zone which hosts most of Rainy River's deposit and Bayfield's high grade goldmost of Rainy River's deposit and Bayfield's high grade gold--silver zones 600silver zones 600--700 700 metres to the westmetres to the west

Bayfield’s Current 2011/12 Ongoing Drill Program

BayfieldBayfield’’s Current 2011/12 Ongoing s Current 2011/12 Ongoing Drill ProgramDrill Program

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Cross Section of Burns Block Drilling Cross Section of Burns Block Drilling (West Side of Property)(West Side of Property)

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High grade drill results from the Burns Block include: High grade drill results from the Burns Block include:

•• RR11RR11--7171 60.05 g/t Au and 362.96 g/t Ag over 11.2 metres within 25.5 60.05 g/t Au and 362.96 g/t Ag over 11.2 metres within 25.5 metres of 26.70 g/t Au and 170.69 g/t Agmetres of 26.70 g/t Au and 170.69 g/t Ag

•• RR11RR11--181181 61.02 g/t Au over 7.2 metres within 33.0 metres of 13.73 g/t Au61.02 g/t Au over 7.2 metres within 33.0 metres of 13.73 g/t Au•• RR11RR11--180180 65.66 g/t Au over 5.0 metres within 30.0 metres of 12.98 g/t Au65.66 g/t Au over 5.0 metres within 30.0 metres of 12.98 g/t Au•• RR10RR10--1818 35.93 g/t Au and 359.65 g/t Ag over 10.0 metres35.93 g/t Au and 359.65 g/t Ag over 10.0 metres•• RR10RR10--1515 31.71 31.71 g/tg/t Au and 48.77 Au and 48.77 g/tg/t Ag over 3.0 metres within 9.0 metres of Ag over 3.0 metres within 9.0 metres of

12.88 12.88 g/tg/t Au and 39.26 Au and 39.26 g/tg/t AgAg•• RR10RR10--5252 89.96 g/t Au and 1414.55 g/t Ag over 1.1 metres89.96 g/t Au and 1414.55 g/t Ag over 1.1 metres•• RR11RR11--11 33.13 g/t Au and 208.18 g/t Ag over 2.2 metres within 9.15 metr33.13 g/t Au and 208.18 g/t Ag over 2.2 metres within 9.15 metres es

of 8.37 g/t Au and 40.57 g/t Agof 8.37 g/t Au and 40.57 g/t Ag•• RR11RR11--55 13.00 g/t Au and 70.22 g/t Ag over 6.6 metres13.00 g/t Au and 70.22 g/t Ag over 6.6 metres•• RR11RR11--162162 20.23 20.23 g/tg/t Au and 39.19 Au and 39.19 g/tg/t Ag over 5.5 metresAg over 5.5 metres•• RR12RR12--2626 10.39 g/t Au and 191.32 g/t Ag over 5.5 metres10.39 g/t Au and 191.32 g/t Ag over 5.5 metres•• RR12RR12--3030 5.45 g/t Au and 20.63 g/t Ag over 19.6 metres5.45 g/t Au and 20.63 g/t Ag over 19.6 metres

Numerous other high grade gold and silver drill resultsNumerous other high grade gold and silver drill results

Bayfield’s Current 2011/12 Ongoing Drill Program

BayfieldBayfield’’s Current 2011/12 Ongoing s Current 2011/12 Ongoing Drill Program Drill Program

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Burns and “B” Blocks: Geophysical Map(Cesium Magnetic Survey)

Burns and Burns and ““BB”” Blocks: Geophysical MapBlocks: Geophysical Map(Cesium Magnetic Survey)(Cesium Magnetic Survey)

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BayfieldBayfield’’s s ““BB”” claim block is approx. 480 hectares and claim block is approx. 480 hectares and abuts the eastern boundary of Rainy River Resources 433 abuts the eastern boundary of Rainy River Resources 433 gold zonegold zone

December 2008, Bayfield completed 4 holes (1192 metres) December 2008, Bayfield completed 4 holes (1192 metres) concentrated in the southwest corner of the concentrated in the southwest corner of the ““BB”” claim claim blockblock

Hole RR08Hole RR08--2 encountered 5.7 2 encountered 5.7 g/tg/t Au (.17 oz/t Au) over 2 Au (.17 oz/t Au) over 2 metres within 5 metres of 2.64 metres within 5 metres of 2.64 g/tg/t Au at a depth of about Au at a depth of about 260 metres260 metres

Claim Block “B”Claim Block Claim Block ““BB””

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Claim Block “C”Claim Block Claim Block ““CC””Bayfield VenturesBayfield Ventures’’ ““CC”” claim block, consisting of 49 units claim block, consisting of 49 units totaling approximately 800 hectares, abuts the western totaling approximately 800 hectares, abuts the western boundary of Rainy River Resourcesboundary of Rainy River Resources’’ Richardson Township Richardson Township propertyproperty

Airborne geophysical survey carried out in late 2010 shows Airborne geophysical survey carried out in late 2010 shows clear evidence of clear evidence of maficmafic volcanic rocks in the northern volcanic rocks in the northern portion of the property; these rocks are separated from portion of the property; these rocks are separated from interpreted intermediate volcanic rocks by a sharp contact interpreted intermediate volcanic rocks by a sharp contact that is very likely a faultthat is very likely a fault

The interpreted fault contact and the area of interpreted The interpreted fault contact and the area of interpreted intermediate volcanic (intermediate volcanic (dacitedacite or equivalent) rocks present or equivalent) rocks present top quality drill targets at the top quality drill targets at the ““CC”” Block Block

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“C” Block: Geophysical Map(Cesium Magnetic Survey)

““CC”” Block: Geophysical MapBlock: Geophysical Map(Cesium Magnetic Survey)(Cesium Magnetic Survey)

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Bayfield owns 100% of 3 properties adjacent east and Bayfield owns 100% of 3 properties adjacent east and west of Rainy River Resourceswest of Rainy River Resources’’ significant multisignificant multi--million ounce gold deposit in northmillion ounce gold deposit in north--western Ontariowestern Ontario

Aggressive diamond drill program underway on Aggressive diamond drill program underway on properties: 100,000 metres planned with over 275 properties: 100,000 metres planned with over 275 holes completed to dateholes completed to date

Gold and silver intercepts reported on Burns Block Gold and silver intercepts reported on Burns Block continue to define eastern extension of Rainy River continue to define eastern extension of Rainy River ResourceResource’’s main ODM17 Zone with much more s main ODM17 Zone with much more exploration/drilling planned for 2012exploration/drilling planned for 2012

Recap & GoalsRecap & GoalsRecap & Goals

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CONTACT INFO

Jim Pettit: CEO

Don Myers: Corporate Communications

Bayfield Ventures Corp.Suite 2230, 885 West Georgia Street

Vancouver, BC, V6C 3E8, CANADATel: (604) 687-3376 Fax: (604) 687-3119

Toll Free: 1-800-567-8181www.bayfieldventures.cominfo@bayfieldventures.com

CONTACT INFOCONTACT INFO

Jim Pettit: CEOJim Pettit: CEO

Don Myers: Corporate CommunicationsDon Myers: Corporate Communications

Bayfield Ventures Corp.Bayfield Ventures Corp.Suite 2230, 885 West Georgia StreetSuite 2230, 885 West Georgia Street

Vancouver, BC, V6C 3E8, CANADAVancouver, BC, V6C 3E8, CANADATel:Tel: (604) 687(604) 687--3376 3376 Fax:Fax: (604) 687(604) 687--31193119

Toll Free:Toll Free: 11--800800--567567--81818181www.bayfieldventures.comwww.bayfieldventures.cominfo@bayfieldventures.cominfo@bayfieldventures.com

Frankfurt Symbol: B4NFrankfurt Symbol: B4N