PRIVATE PLACEMENT EXTENSION

Snowfield Development Corp. (the "Company" or Snowfield") announced a private placement to consist of an offering of up to 2,500,000 units at a price of $0.05 per unit. The Company hereby announces the extension of the private placement of the offering of up to 2,500,000 ("Units") at a price of $0.05 per Unit until the end of the calendar year, December 31, 2012. Each Unit will continue to consist of two (2) common shares in the capital of the Company and one (1) non-transferable share purchase warrant ("Warrant"). If fully subscribed, the Unit funds will yield a total of $125,000. The Unit funds raised will be applied to working capital for administrative expenses and accounts payable.

            Each Warrant will continue to be exercisable for a period of two (2) years from the Closing date and will entitle the holder to purchase one (1) additional common share in the capital stock of the Company at a price of $0.10 per share. If the 2,500,000 Warrants are fully subscribed, the proceeds of $250,000 will be applied to general working capital. Each Warrant will be subject to an "accelerated exercise" provision in that if the shares of Snowfield have a daily closing price of $0.10 or better (higher) for ten (10) consecutive trading days ("the Premium Trading Days"), the holder of the Warrant will have ten (10) business days to exercise said Warrant or the Warrant will expire.

            Finder's fees may be paid on a number of the private placement subscriptions, per Exchange Policy. Finder fees of up to ten percent (10%) of shares sold from subscriptions received through the finder(s) may be payable to the finder(s). Any such finder's fee shares will be issued at a deemed price of $0.05.