By way of news release (NR 11-18) of December 12, 2011, Snowfield Development Corp. (the "Company" or "Snowfield") announced a non-brokered private placement offering (#51) of up to 2,000,000 units ("Units") at a price of $0.08 per unit.

    Snowfield is hereby amending that offering to now be a non-brokered private placement offering of a total of 4,000,000 Units at a price of $0.05 per Unit.

    Each Unit will still consist of one (1) common share in the capital of the Company and one (1) non-transferable share purchase warrant ("Warrant"). Each Warrant continues to 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 $0.10 per share.

    The proceeds from the sale of the Units, if fully subscribed, of $200,000 will be applied to working capital for administrative expenses, accounts payable and exploration expenses.

    Finder's fees, either cash or shares, will be paid on a number of the subscriptions. The finder fees will be 10% of shares sold from subscriptions received through the finders. The shares will be issued at a deemed price of $0.05.

    The private placement will be closed when the final documentation is accepted for filing by the TSX Venture Exchange ("Exchange"). No shares will be issued without the acceptance of the Exchange. There will be a four (4) month hold period upon the issuance of the private placement shares of the Company.

ON BEHALF OF THE BOARD

"Robert T. Paterson"

President

SNOWFIELD DEVELOPMENT CORP.

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