Snowfield Development Corp.: Bulk Sample Results

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 03/03/08 -- Snowfield Development Corp. (TSX VENTURE: SNO) ("Snowfield") has received initial results from the Saskatchewan Research Council ("SRC") laboratories with respect to the processing of 1,044 kg. of kimberlite from the top sill level of the Mud Lake kimberlite. The results are as follows:

Sample # SWT Sieve Macro Micro Wt+ Wt-TICHO ONE XR 1044 850 2 0 8.5672 0 TICHO ONE GT 2 NA 850 2 0 13.3225 0 Total carats in this group is: 0.10945

Sample Number: TICHO ONE XR Original Sample Weight in kilograms (SWT) 1044 Bottom Sieve Size in microns (Sieve) 850 Diamonds greater than 500 microns (Macro) 2 Diamonds less than 500 microns (Micro) 0 Weight of Diamonds greater than 500 microns in milligrams (Wt+) 8.5672 Weight of Diamonds greater than 106 microns less than 500 microns in milligrams (Wt-) 0

-------------------------------------------------------------------------- Total Individual Diamond Fraction Diamond Weight in Diamond Size Diamond Length Width Height Weight Fractions Description --------------------------------------------------------------------------Microns Count mm mm mm mg mg --------------------------------------------------------------------------+1180 1 2.00 1.84 1.40 4.7943 8.5672 Yellow, clear, octahedron, stepped/ribbed, serrate laminae, etched trigons. --------------------------------------------------------------------------+1180 1 1.90 1.78 1.20 3.7729 White, clear, fragment, hillocks. --------------------------------------------------------------------------Total octacarats in this sample is: 4,283,600.00

Sample Number: TICHO ONE GT 2 Original Sample Weight in kilograms (SWT) NA Bottom Sieve Size in microns (Sieve) 850 Diamonds greater than 500 microns (Macro) 2 Diamonds less than 500 microns (Micro) 0 Weight of Diamonds greater than 500 microns in milligrams (Wt+) 13.3225 Weight of Diamonds greater than 106 microns less than 500 microns in milligrams (Wt-) 0

-------------------------------------------------------------------------- Total Individual Diamond Fraction Diamond Weight in Diamond Size Diamond Length Width Height Weight Fractions Description --------------------------------------------------------------------------Microns Count mm mm mm mg mg --------------------------------------------------------------------------+1180 1 2.00 1.56 1.44 8.7218 13.3225 Colorless, clear, thh, resorbed, hillocks. --------------------------------------------------------------------------+1180 1 1.84 1.60 0.84 4.6007 White, clear, octahedron, broken, serrate laminae, lamination. --------------------------------------------------------------------------Total octacarats in this sample is: 6,661,250.00

Snowfield awaits the results from the balance of the concentrate being processed by DeBeers Laboratory in Johannesburg, South Africa. These results are expected in late March or early April, 2008.

On behalf of the Board of Directors,

Snowfield Development Corp.

Robert T. Paterson, President and Director

Shares Issued: 89,708,455

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Contacts: Snowfield Development Corp. Robert T. Paterson President and Director (604) 681-5720 or Toll Free: 1-800-859-6463 (604) 681-6937 (FAX) Email: communications@snowfield.com Website: www.snowfield.com

2008-03-03 22:31:55 0303516 MARKETWIRE