News Release (NR 08-20) � June 19, 2008

Trading Symbol: TSX Venture: SNO                                                                                                            Shares Issued: 96,222,109

PRIVATE PLACEMENT COMBINATION

Snowfield Development Corp. ("Snowfield" or the �Company�) announces the combination of previously announced non-brokered private placement offering (#42) (NR08-16, May 20, 2008) and non-brokered private placement offering (#43) (NR08-19, June 12, 2008). Private placement (#42) consisted of up to 5,000,000 units at a price of $0.10 per unit. Each unit consisted of one (1) common share in the capital of the Company and one (1) non-transferable share purchase warrant (�warrant�). Each warrant was exercisable for a period of two (2) years from the closing date and entitled the holder to purchase one (1) additional common share in the capital stock of the Company at a price of $0.12 per share in the first year and $0.15 per share during the second year. Private placement (#43) consisted of up to 4,500,000 flow-through common shares (�Flow-Through Shares) at a price of $0.10 per Flow-Through Share.

The combined private placement will consist of a new offering of 3,500,000 units at a price of $0.21 per unit. Each unit will be comprised of two (2) non-flow-through common shares ("shares"), one (1) flow-through common share ("flow-through share") and two (2) non-transferable, non-flow-through share purchase warrants ("warrants"). Each warrant will 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 $0.12 per share in the first year and $0.15 per share during the second year.

            The proceeds of the combined private placement, if fully subscribed, from the sale of units of $735,000 will be applied to programs of exploration on the Company�s Ticho Project located near the Drybones Bay area, Great Slave Lake, Northwest Territories, approximately 50km south of Yellowknife, N.W.T. and to working capital for administrative expenses, accounts payable and operational expenses. Funds received by the Company from the exercise of warrants will be added to general working capital. The combined private placement will be closed when the final documentation is accepted for filing by the TSX Venture Exchange.

            The shares from the units, the shares from the exercise of warrants and the flow-through shares are subject to a hold period of four (4) months from the distribution date. The expiry date of each warrant is two (2) years from the closing date.

On behalf of the Board of Directors,

Snowfield Development Corp

"Robert T. Paterson"

Robert T. Paterson

President and Director