Littlefield acquires more bingo licenses

AUSTIN, Texas -- (PRESS RELEASE) -- Littlefield Corporation (OTCBB: LTFD) announces that it acquired the stock of a Texas corporation who owns a grandfathered commercial lessor license for its charitable bingo operations in Texas.

The acquisition of a grandfathered commercial lessor license in Texas is made by a series of corporate actions in conformance with the requirements of the Bingo Enabling Act. In the end, a wholly owned corporate subsidiary of Littlefield Corporation will own the grandfathered commercial lessor license.

Jeffrey L Minch, President and CEO of Littlefield Corporation made the following comment:

"The acquisition of this license will support our continued growth objectives in Texas.

We currently own are acquiring a total of nine (9) commercial lessor licenses and expect to continue to put them to use within next eighteen (18) months.

We recently put two of these licenses to work in San Angelo and Corpus Christi and expect to put others to use in McAllen and El Paso, Texas.

As we enter into letters of intent and sign leases for new locations, we will make the appropriate public announcements."

Investors are always cautioned to be careful in drawing conclusions from a single press release, the Company's performance in a single quarter or the individual opinions of any member of the Company's management in making their individual investment decisions.

Littlefield Corporation is a Delaware Corporation headquartered in Austin, Texas whose corporate subsidiaries are involved as licensed commercial lessor and promoter (in South Carolina only) with thirty-eight (38) charitable bingo halls in Texas, South Carolina, Alabama and Florida. The Company has recently opened new bingo halls in San Angelo and Corpus Christi, Texas, acquired six halls in South Carolina and has also announced plans to open two additional halls in El Paso and McAllen, Texas later this year. Over 100 charities conduct bingo in these charitable bingo halls and in 2007 earned $3,700,000 to fund their noble causes. In addition, the Company owns Premiere Tents & Events (party rental company).