Beaufield Resources Inc

Canadian Resource Exploration Company

Beaufield Reports Assays From First Four Holes From Tortigny

Beaufield Resources Inc. is pleased to report results from the first four holes from a 10,000 metre drill program at Tortigny, located on it’s 100% owned Troilus property, 100 kilometres north of Chibougamau, Québec.

These holes are 4 of 11 totalling 2105 metres drilled before Christmas. To February 1st an additional 8 holes for 1686 metres have been drilled. The drilling is intended to better define and possibly expand the Tortigny zinc-copper-silver-gold deposit initially drilled by Noranda Mines and Exploration Inc. in the 1990’s. Noranda assumed a single, regular “V” shaped deposit. They consistently drilled in a northerly direction, on 25 metre spaced sections, at an angle of 50°.

To try to better define the deposit and explore for extensions, Beaufield has altered the drilling pattern from the pattern adopted by Noranda. One hole, TO-10-19, (News Release, September 30th, 2010) drilled down the hinge of the assumed “V” shape fold to test the continuity between sections. This hole indicates very good continuity and some higher grade portions between the sections drilled in the 1996 program. The first portion of current program consists of vertical holes generally drilled at α 25 metre spacing along the axis of the Tortigny deposit, intending to approximately intersect the assumed centre of the “V” shape mineralized zone. These holes are drilled between the previously defined sections, or 12.5 metres from the Noranda sections. On various sections, holes are drilled in close proximity, due to the high variability in grade, thickness and orientation of the massive sulphide layer. This is to better define and understand the shape of the deposit. In some cases the holes have probably intersected one of the sides of the “V” rather than the centre.

The current drilling suggests a deposit more complex than originally supposed, with new mineralized zones, or folded portions of known zones being located below the assumed bottom of the hinge. It should be noted that the mineralized in-hole sections reported here are not true width. The angle between the drilled hole and the mineralized zone varies from one hole to another depending on the steepness of the mineralized zone.

Hole TO-10-20 was drilled vertically, 25 metres east of TO-10-16 (Press release, September 30th 2010) into the central portion of the deposit and intersected two distinct mineralized zones. (Refer to Table 1)

Table 1:

From
(m)
To
(m)
Length
(m)
Zinc
(%)
Copper
(%)
Lead
(%)
Silver
(g/t)
Gold
(g/t)
TO-10-20 141.20 155.00 13.8 5.30 % 2.81 % 0.51 % 89.14
g/t
1.04 g/t
Including 141.20 147.00 5.80 11.45 % 4.23 % 0.58 % 127.53
g/t
2.10 g/t
TO-10-20 173.70 199.00 25.30 4.63 % 2.34 % 0.16 % 58.97
g/t
0.47 g/t
Including 184.00 193.00 9.00 7.95 % 4.93 % 0.13 % 105.72
g/t
1.05 g/t
Including 185.90 189.00 3.10 11.00 % 10.73 % 0.18 % 230.10
g/t
2.74 g/t

Hole TO-10-21 drilled vertically, also intersected two distinct mineralized zones (refer to Table 2). Hole TO-10-21 was drilled 5 metres north of TO-10-20, to better locate the hinge of the folded mineralized zone. TO-10-21 and TO-10-20 indicate the heterogeneity of the mineralized body over a short distance and support the necessity of closely spaced holes in order to determine the geometry of the mineralized zones.

Table 2:

From (m) To (m) Length (m) Zinc (%) Copper (%) Lead (%) Silver (g/t) Gold (g/t)
TO-10-21 138.00 175.65 37.65 6.02 % 2.62 % 0.34 % 72.31 g/t 0.55 g/t
Including 138.70 148.00 9.30 12.69 % 3.41 % 0.21 % 84.48 g/t 0.33 g/t
Including 163.80 174.60 10.80 6.49 % 3.00 % 0.33 % 74.93 g/t 0.36 g/t
TO-10-21 186.00 195.35 9.35 3.39 % 1.63 % 0.06 % 28.70 g/t 0.15 g/t
Including 186.00 189.00 3.00 4.88 % 2.83 % 0.11 % 57.63 g/t 0.19 g/t

Hole TO-10-22 drilled vertically, 17 metres east of TO-10-21, similarly intersected two zones shown in table 3.

Table 3:

From
(m)
To
(m)
Length
(m)
Zinc
(%)
Copper
(%)
Lead
(%)
Silver
(g/t)
Gold (g/t)
TO-10-22 125.00 136.50 11.50 6.36 % 4.34 % 0.67 % 129.39 g/t 1.00 g/t
Including 129.00 133.70 4.70 9.99 % 7.24 % 0.30 % 173.87 g/t 1.96 g/t
Including 132.20 133.70 1.50 13.44 % 9.66 % 0.39 % 233.48 g/t 2.96 g/t

Hole TO-10-24 drilled vertically, 31 metres east of TO-10-22, intersected two distinct mineralized zones as shown in Table 4.

Table 4:

From
(m)
To
(m)
Length (m) Zinc
(%)
Copper (%) Lead
(%)
Silver
(g/t)
Gold
(g/t)
TO-10-24 100.00 113.00 13.00 10.21 % 4.48 % 0.37 % 116.62 g/t 0.52 g/t
Including 100.90 112.00 11.10 11.49 % 4.88 % 0.42 % 125.95 g/t 0.47 g/t
TO-10-24 116.00 117.50 1.50 8.17 % 3.31 % 0.08 % 86.85 g/t 0.36 g/t

Down-hole and borehole geophysics is underway on most of the completed holes.

Once the entire drill program has been completed and results compiled, inserted into a model and a planned NI 43-101 resource calculation prepared then Beaufield expects to be in a position to report preliminary size, tonnage and grade.

The 100% owned Tortigny and the Moleon area represent a very high priority environment for base metal exploration. Line cutting over other prospective airborne MEGATEM electromagnetic anomalies is presently being completed and will be covered with an induce polarization (I.P.) survey in February 2011. Beaufield has contracted Fugro Airborne Surveys to undertake a detailed interpretation and exploration target selection from a regional proprietary MEGATEM survey. Condor consulting has been contracted to interpret a 1,000 km airborne gradient gravity survey. The diamond drill is still on site, presently drilling at Tortigny, and will be ready to drill test, new interesting geophysical targets in March-April 2011.

Quality Assurance / Quality Control

Core processing included descriptive logging and systematic sampling for analysis. The drill core was completely cut in half, with one half delivered to a commercial laboratory and the other half retained for future reference, gold assays were performed at ALS CHEMEX Laboratories in Val d’Or, Quebec. The processed samples were submitted to a standard Fire Assay with AA technique (Au-AA-23) and Inductively Coupled Plasma Emission Spectroscopy (ME-ICP-41) on a 30 gram sub-sample.

Beaufield has approximately $9 million in working capital, no debt and a promising portfolio of gold and base metal properties.

David Frappier-Rivard, P.Geo., Exploration Manager is the Qualified Person, as defined by National Instrument 43-101 and supervised both the project field and the preparation of the technical information in this release.

FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. Forward looking statements in this press release may be identified by the words “estimate”, “believe”, “anticipate”, “intend”, “expect”, “plan”, “may”, “should”, “will”, and the negative thereof or other variations thereon or comparable terminology. Actual results could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control. These factors include: results and timing of exploration activities, general market and industry conditions and other risks disclosed in the Company’s filings with Canadian Securities Regulators.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. Depending on exploration results and available financing, the Company may at any point modify the suggested work program for 2011.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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