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Snowfield Development Corp. ("Snowfield")announces that on March 23, 2006 it has granted Incentive Stock Options to Directors and Employees in the aggregate amount of 1,000,000 common shares exercisable at $0.11 per share for a period of 3 years, expiring March 23, 2009. The Incentive Stock Options grants are pursuant to the Company's Rolling Stock Option Plan as outlined in the Information Circular dated November 9, 2005, as approved by the majority of shareholders of the Company at its Annual General Meeting held on December 14, 2005 and was accepted for filing by the TSX Venture Exchange on March 23, 2006.
ON BEHALF OF THE BOARD
"Robert T. Paterson"
President
SNOWFIELD DEVELOPMENT CORP.
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents hereof.