Littlefield Corporation Announces FY 2010 Charity Funding of $3,165,000

Over $34,000,000 in Last Ten Years

AUSTIN, Texas--(BUSINESS WIRE)--Littlefield Corporation (OTCQB: LTFD) announces that its 145 charity partners, who conduct charitable bingo in Texas, South Carolina, Alabama and Florida, raised $3,165,000 in calendar year 2010.

“Littlefield Corporation is proud to be an enabler for these charities to obtain this important funding.”

Since 2001, these charities have generated $34,000,000 by conducting charitable bingo in bingo halls owned by appropriately formed and licensed corporate subsidiaries of the Company which operate in Texas, South Carolina, Alabama and Florida.

The 145 charities which conducted bingo in bingo halls owned by Littlefield corporate subsidiaries represented a broad and far-reaching spectrum of noble causes including medical, educational, arts, cultural, fire department, law enforcement, veterans, substance abuse, aging, pets among many other charities.

Jeffrey L. Minch, President and Chief Executive Officer of Littlefield Corporation, offered the following comments:

“Charitable bingo continued to be a stable source of funding for many charities through 2010. It is particularly gratifying to see such a significant level of sustained funding in light of the weak national economic conditions.

“The communities where these charities operate benefit greatly from its charities’ activities. Our charity-partners provide a broad spectrum of important services and in many instances are the sole sources of those services to their communities that might otherwise go unfunded.

“Littlefield Corporation is proud to be an enabler for these charities to obtain this important funding.”

ABOUT LITTLEFIELD CORPORATION

Littlefield Corporation, headquartered in Austin, Texas, is the largest public owner of charitable bingo halls in the United States. The Company, through its corporate subsidiaries, develops, owns and operates 39 halls in Texas, South Carolina, Alabama and Florida. In Texas its corporate subsidiaries are involved as a licensed commercial lessor and only in South Carolina as a licensed promoter. 145 charities conduct bingo in these charitable bingo halls.

In accordance with the safe harbor provisions of the Private Securities Reform Act of 1995: except for historical information contained herein, certain matters set forth in this press release are forward-looking statements that are subject to substantial risks and uncertainties, including government regulation, taxation, competition, market risks, customer attendance, spending, general economic conditions and other risks detailed in the Company’s Securities and Exchange Commission filings and reports.

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.