Beaufield Resources Inc

Canadian Resource Exploration Company

Beaufield Announces Election of New Directors

Beaufield Resources Inc. (“Beaufield” or the “Company”) announced today the election of Peter W. Dunsford and Kevin Weston to the Company’s board of directors at the annual meeting of shareholders held on February 23, 2012 (the “Meeting”).

Mr. Peter Dunsford is a graduate of BCIT in Mining Technology in 1966. After graduation he was employed by the Geological Survey of Canada, Cordilleran Division. He joined Teck Corporation in 1976 as an Engineering Technologist and worked on numerous exploration and mining projects across Canada including the Yukon. He became Corporate Communications Manager in 2001 after the merger of Teck and Cominco. In April 2010, he became Manager of Special Projects. At the end of 2011, he retired from Teck. Mr. Dunsford has served on the District of North Vancouver Community Services Advisory Committee for 4 years, and also on the North Shore Community Foundation Board for 3 years.

Mr. Weston holds a degree in Mining Engineering from McGill University in Montreal. He is the Chief Operating Officer (“COO”) of Maudore Minerals Ltd, a TSX-V company, since March 2011. Before that date, he was the President and COO of St Eugene Mining Corp, a TSX-V company, from September 2010 to December 2010, the COO of Farallon Mining Ltd, a TSX company, from July 2009 to August 2010, the VP Operations Canada of Capstone Mining (formerly Sherwood Copper), a TSX company, from January 2008 to July 2009 and the VP and General Manager of NVI Mining Ltd (a subsidiary of Breakwater Resources Ltd.) from November 2005 to January 2008.

In addition to Messrs. Dunsford and Weston, Jens E. Hansen, John Budden and John MacLatchy were re-elected as directors at the Meeting. William A. Lupien did not stand for re-election and the Company wishes to thank Mr. Lupien for his years of service and contribution to the Company.

About Beaufield Resources Inc.

Beaufield has diversified properties with exposure to gold, iron ore and base metals, all located in the provinces of Quebec and Ontario. The Company is focused on building shareholder wealth by acquiring, exploring and developing high-quality exploration prospects resulting in discovery.

In January 2012 Beaufield reported high grade iron results from its 100% owned Schefferville property (see press release of January 16, 2012). These results will be incorporated in a 43-101 technical report being prepared by a consulting firm and will serve as the basis for planning a 2012 summer drill program for which a budget of $2 million is planned.

Beaufield’s holdings are centrally located within the Schefferville Iron district, having common boundaries with Tata Steel, New Millennium Iron Corp, Century Iron Mines and Labrador Iron Mines. Tata and Labrador are developing DSO (Direct Shipping Ore) deposits within 3 kilometres of their boundary with Beaufield.

David Frappier-Rivard, P.Geo., Vice President Exploration is the Qualified Person, as defined by National Instrument 43-101 who reviewed 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 2012.

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

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