VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 07/16/07 -- WINFIELD
RESOURCES LIMITED (TSX VENTURE: WWF) is pleased to announce that they
have received a non-binding Letter of Interest from AX ENERGY
HOLDINGS LTD. to debt finance WINFIELD's proposed new refinery
project in the Republic of Tunisia.

AX ENERGY HOLDINGS LTD. has reviewed WINFIELD's proposal to Engineer,
Procure, Construct and Manage (EPCM) a new 300,000 barrel per day oil
refinery at the Port of Zarzis, Tunisia, on a build, own and operate
basis.

Upon subject removal, AX ENERGY HOLDINGS LTD. and its principal Bank:
Barclays Bank PLC, have a US$4 Billion Dollar lending capacity.

This US$4 Billion Dollar lending capacity is in addition to the US$4
Billion Dollar lending facility Letter of Interest directed to
WINFIELD RESOURCES proposed new oil Refinery in the Great Jamahiriya
of Libya, as mentioned in our news release of July 4, 2007.

In furtherance to the LETTER of INTEREST, all parties will negotiate
specific terms and conditions which will be ratified by the Boards of
WINFIELD RESOURCES LIMITED and AX ENERGY HOLDINGS LTD. and form the
basis of a Definitive Agreement.

Cautionary note: financing by any debt instrument requires the
preparation of a full Feasibility Report AND acceptance by the
Lender, prior to any access to funds.

AX ENERGY HOLDINGS LTD. is involved in the Sale and Purchase of
Refined Oil Products, the Processing of Crude Oil and the Development
of Oil Refineries.

The Tunisian Authorities have requested three confirmations from
WINFIELD RESOURCES LIMITED; 1/. Financial Capacity, 2/. Feedstock
Arrangements and

3/. Subcontracting Engineering and Construction References.

The AX ENERGY HOLDINGS LTD. Letter of Interest answers Financial
Capacity. WINFIELD RESOURCES LIMITED is presently negotiating a crude
oil feedstock arrangement with the National Oil Company of Libya.

On behalf of the Board
Robert Michael Foley, President and CEO

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

Contacts:
Badshah Communications
Anwar Badshah
(604) 408-7522
Email: ANWAR@badshahcommunications.com