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Bayfield Ventures Corp. : Bayfield Shareholders Approve Acquisition by New Gold

ID: 1327439
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(Thomson Reuters ONE) -

TSX Venture Trading Symbol: BYV

Email: info(at)

December 29, 2014

Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (OTC Pink: BYVVF)
(Frankfurt: B4N) is pleased to announce that at a special meeting (the
"Meeting") of the shareholders of Bayfield Ventures Corp. ("Bayfield") held on
December 29, 2014, shareholders of Bayfield (the "Bayfield Shareholders")
approved the previously announced acquisition by New Gold Inc. (TSX: NGD) (NYSE
MKT: NGD) ("New Gold") of all of the outstanding common shares of Bayfield by
way of a plan of arrangement (the "Arrangement").

The Arrangement was approved by the affirmative vote of approximately 94.7% of
the votes cast by Bayfield Shareholders, present in person or represented by
proxy at the Meeting. On November 26, 2014, Bayfield obtained an interim order
of the Supreme Court of British Columbia under the Business Corporations Act
(British Columbia) in connection with the Arrangement. Bayfield is scheduled to
return to court on December 30, 2014 to seek a final order to implement the
Arrangement. The Arrangement is subject to certain other conditions and
regulatory approvals and is expected to be completed on or about January
1, 2015.

Under the terms of the Arrangement, Bayfield shareholders will receive 0.0477 of
a New Gold common share for each Bayfield share held.

Upon closing of the Arrangement, Bayfield''s assets, which include a 100%
interest in three Rainy River district mineral properties totalling 2,536 acres
located in north-western Ontario, will be integrated into New Gold''s Rainy River
project land package. Bayfield''s properties adjoin New Gold''s Rainy River
project with Bayfield''s Burns Block located immediately to the east of New

Gold''s proposed open pit gold-silver mine.

About Bayfield Ventures Corp.:

Bayfield Ventures Corp. has been exploring for gold and silver in the Rainy
River district of north-western Ontario. Bayfield''s goal is to increase
shareholder value by developing exploration projects near world-class deposits
that have the potential of becoming new discoveries.

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


"Jim Pettit"


James G. Pettit

Chairman and CEO

For further information contact myself or:

Don Myers


Bayfield Ventures Corp.

Telephone: 604-687-3376

Toll Free: 800-567-8181

Facsimile: 604-687-3119

Email: info(at)


This communication does not constitute an offer to purchase or exchange or the
solicitation of an offer to sell or exchange any securities of Bayfield or an
offer to sell or exchange or the solicitation of an offer to buy or exchange any
securities of New Gold, nor shall there be any sale or exchange of securities in
any jurisdiction in which such offer, solicitation or sale or exchange would be
unlawful prior to the registration or qualification under the laws of such
jurisdiction. The distribution of this communication may, in some countries, be
restricted by law or regulation. Accordingly, persons who come into possession
of this document should inform themselves of and observe these restrictions.

Forward-looking statements and information are based on various assumptions and
on the best estimates of Bayfield, as of the date hereof, and is subject to
known and unknown risks, uncertainties and other factors that may cause the
actual results, level of activity, performance or achievements of New Gold or
Bayfield (and the company resulting from the successful completion of the
proposed Arrangement) to be materially different from those expressed or implied
by such forward-looking statements and information, including but not limited
to: general business, economic, competitive, political and social uncertainties;
the actual results of current exploration activities; delay or failure to
receive regulatory or court approvals or the failure to satisfy other closing
conditions to the Arrangement; the business of New Gold and Bayfield not being
integrated successfully or such integration proving more difficult, time
consuming or costly than expected; not realizing on the potential benefits of
the proposed Arrangement; conclusions of economic evaluations; changes in
project parameters as plans continue to be refined; future prices of mineral
prices; failure of plant, equipment or processes to operate as anticipated;
accidents, labour disputes and other risks of the mining industry; and, delays
in obtaining governmental approvals or required financing or in the completion
of activities, and as well as those risks identified in New Gold''s filings with
Canadian securities regulators and the U.S. Securities and Exchange Commission,
which may be viewed at  and  respectively, as well as
in Bayfield''s filings with Canadian securities regulators at, from
time to time. Although each of New Gold and Bayfield has attempted to identify
important factors that could cause actual results to differ materially from
those contained in forward-looking statements and information, there may be
other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking information.

Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, V7Y 1K4, CANADA

This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire

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Date: 12/29/2014 - 18:17
Language: English
News-ID 1327439
Character count: 0
Firma: Bayfield Ventures Corp.
Ansprechpartner: Feedback to about Pressrelease-id:
Stadt: Vancouver


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