News Release (NR 08-02) - January 11, 2008

Private Placement Increase

     On October 12, 2007, Snowfield Development Corp. (the "Company") announced a non-brokered private placement offering of up to 2,500,000 flow-through common shares ("Flow-Through Shares") at a price of $0.25 per Flow-Through Share with proceeds of up to $625,000 if fully subscribed (NR07-27).

     On January 4, 2008, the TSX Venture Exchange approved the submission covering 1,720,000 shares totaling $430,000

     Snowfield is hereby amending its submission to increase the total subscription to 1,820,000 shares equalling $455,000.

    Revised documentation is now being filed with the TSX Venture Exchange to reflect this new amount.

    The Flow-Through Shares are subject to a hold period of four (4) months from the distribution date.

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.

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