Beaufield Responds to Misleading Press Release Issued by Deluce/Shanghai Huaxin Group

MONTREAL, QUEBEC--(Marketwired - Feb. 25, 2017) - Beaufield Resources Inc. ("Beaufield") (TSX VENTURE:BFD) wishes to respond to the misleading press release issued by Jim Deluce and Shanghai Huaxin Group (Hong Kong) Limited (collectively, the "Deluce/Shanghai Huaxin Group").

On February 23, 2017, Deluce/Shanghai Huaxin Group issued a press release in which they announced their intention to nominate directors for election at the annual meeting of the shareholders of Beaufield to be held on February 27, 2017. The Deluce/Shanghai Huaxin Group issued the press release without prior disclosure to or consultation with the Board of Directors of Beaufield.

In considering the complaints in the Deluce/Shanghai Huaxin Group press release, and the competence and integrity of Deluce/Shanghai Huaxin Group, shareholders of Beaufield should consider the following:

• The Deluce/Shanghai Huaxin Group press release is misleading in suggesting that Ronald Stewart, a director nominee proposed by the Deluce/Shanghai Huaxin Group, supports the actions of the Deluce/Shanghai Huaxin Group. Mr. Stewart has informed Beaufield that his name was included in the February 23, 2017 press release without his prior knowledge or consent. Mr. Stewart also has informed Beaufield that he strongly opposes the steps proposed by the Deluce/Shanghai Huaxin Group, and encourages shareholders of Beaufield not to support the Deluce/Shanghai Huaxin Group.
  
  
• Another one of the nominees proposed by the Deluce/Shanghai Group, Bernie Deluce, is currently a director of Beaufield. Mr. Deluce, together with all of the other directors of Beaufield, voted to approve the recently completed bought deal private placement, announced on February 21, 2017, that is the focus of complaint in the Deluce/Shanghai Huaxin Group's February 23, 2017 press release. As a director of Beaufield, Mr. Deluce has consistently voted to support Beaufield's current strategic direction, about which the Deluce/Shanghai Huaxin Group press release complains.
  
  
• A third proposed Deluce/Shanghai Huaxin Group nominee, Zhuang MiaoZhong is the representative of a shareholder of Beaufield that has had, since 2011, a preemptive right to participate in any equity financings completed by Beaufield. Over the past six years, this shareholder has never exercised its preemptive rights and chose again not to exercise such rights during the recently completed bought deal private placement that is the subject of complaint in the Deluce/Shanghai Huaxin Group's February 23, 2017 press release. Mr. MiaoZhong has no apparent experience in mineral exploration or development or in the North American capital markets.