Beaufield Resources Inc

Canadian Resource Exploration Company

Beaufield Resources Inc. Anounces $3 Million Offering of Flow-Through Common Shares

Beaufield Resources Inc. announced today that it has entered into an agreement with Desjardins Securities Inc. for the purchase, on a bought deal basis, of 5,455,000 flow-through common shares (the “Flow-Through Common Shares”) at a price of $0.55 per Flow-Through Common Share, for gross proceeds of $3,000,250. The offering is subject to certain conditions, including the approval of the Toronto Stock Exchange

The proceeds from the offering will be used to fund Beaufield’s exploration programs within Canada, including exploration at the Tortigny base metal project and the Schefferville iron project in Quebec. Beaufield has agreed that expenditures incurred with proceeds will constitute Canadian exploration expense (“CEE”) (as defined in the Income Tax Act) and will be renounced to the subscribers.

Closing of the offering is anticipated to occur on or before October 20, 2010 and is subject to receipt of applicable regulatory approvals including approval of the Toronto Stock Exchange

The Flow-Through shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “1933 Act”), or under any state securities laws, and may not be offered or sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation to buy such securities in the United States.

About Beaufield Resources Inc.

Beaufield Resources Inc has diversified properties with exposure to gold, base metals, and uranium, all located in the provinces of Ontario and Quebec. The company is focused on building shareholder wealth by acquiring, exploring and developing high-quality exploration prospects resulting in discovery. Beaufield has approximately $6 million in working capital, no debt and a promising portfolio of gold and base metal properties.

The information set forth in this press release includes certain forward-looking statements. Such statements are based on assumptions exposed to major risks and uncertainties. Although Beaufield deems the expectations reflected in these forward-looking statements to be reasonable, the Company cannot provide any guarantee as to the materialization of the expectations reflected in these forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

Beaufield Resources Inc.
Jens E. Hansen, P. Eng.
President
613.721.2919
613.680.1091 (FAX)
[email protected]

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