News Release (NR 10-05) - July 22, 2010

Annual General Meeting Results

     Snowfield Development Corp. (the "Company") is pleased to report the results of the Company's annual and special general meeting ("Meeting") held on the 7th of June 2010 at 10:00AM.

     At the Meeting the shareholders elected each of management's nominees as the directors of the Company to hold office until the next annual meeting of shareholders or until their respective successors are duly elected or appointed. Management's nominees were Robert T. Paterson, John J. Nagy, Marvin A. Mitchell and Gregory Amor. Dale Matheson Carr Hilton LaBonte, Chartered Accountants, were appointed as the auditors of the Company for the ensuing year and the board of directors was authorized to fix the remuneration of the auditors.

     The following items of special business were approved at the Meeting by the shareholders of the Company:

1.         A resolution approving the motion to give directors authority to appoint up to two (2) additional directors as an addition
             to the existing board of directors up to a maximum of six (6) directors (passed by approximately 88% of votes);
2.          A resolution approving the Special Resolution to consolidate shares (passed by approximately 95% of votes);
3.          A resolution approving the Special Resolution to change the Company's name, if required (passed by approximately 96% of votes);
4.          A resolution approving in advance the potential issuance of shares in excess of 20% of outstanding shares of the Company (passed by approximately 58% of votes)

     All such items of special business are more fully described in the information circular of the Company dated the 3rd May 2010, which is available at www.sedar.com

     In approving the Special Resolution to consolidate shares of the Company, the shareholders authorized the board of directors, in its sole discretion, to consolidate the common shares of the Company at a ratio of twelve (12) to one (1). The Company has 128,685,442 common shares issued and outstanding, and after giving effect to the proposed consolidation the Company would have 10,723,786 common shares issued and outstanding. Management believes that the consolidation will enhance the Company's ability to attract new financing with a broader spectrum of investors and reduce shareholder transaction costs. The Company's name will not change as a result of the consolidation.

     The proposed consolidation is subject to the approval of the TSX Venture Exchange.

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.