Northfield Capital Corporation-Press Release

Northfield Capital Corporation ("Northfield")(TSX VENTURE:NFD.A) announced today
its intention to effect a normal course issuer bid through the facilities of the
TSX Venture Exchange, subject to receipt of regulatory approval.


Upon receiving regulatory approval, Northfield may, during the 12 month period
commencing February 4, 2009 and ending February 3, 2010, purchase on the TSX
Venture Exchange up to 139,846 Class A restricted voting shares in total,
representing approximately 5% of the Class A restricted voting shares currently
issued and outstanding. The price which Northfield will pay for any such shares
will be the market price at the time of acquisition. The actual number of Class
A restricted voting shares which may be purchased and the timing of any such
purchases will be determined by Northfield. Northfield has retained Jones Gable
& Company Limited to effect purchases on its behalf pursuant to the bid.
Northfield is effecting the bid at this time as it believes that its Class A
restricted voting shares are undervalued at their current market prices and that
the purchase of Class A restricted voting shares would be a prudent use of
funds.


Northfield previously repurchased for cancellation 52,400 Class A restricted
voting shares at an average price of $14.38 per share pursuant to a normal
course issuer bid that existed over a 12 month period expiring January 28, 2009.


Northfield is an investment company with interests in the technology,
manufacturing and resource industries.