Littlefield Corporation Appellate Decision

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. October 14, 2008

AUSTIN, TX, November 29, 2006. Littlefield Corporation (OTCBB:LTFD) announces that the Second District Court of Appeal of Florida has affirmed the decision of the trial court in the consolidated cases involving 800438 Ontario Ltd and Pondella Hall for Hire, Inc. Please refer to the Company's Securities and Exchange Commission filings for further discussion of these cases.

The Court issued a decision without issuing a written opinion which appears to preclude any further appeal by Littlefield in regard to this matter. This aspect is under further legal review.

Littlefield Corporation has previously reserved in its accounts for this outcome and has made financial arrangements to pay the judgment. This matter will have no material impact on the Company's continuing operations.

Littlefield Corporation has another ongoing litigation matter against the principal of the two aforementioned corporations involving allegations of fraud, fraudulent misrepresentation and collection on a financial guaranty pending in Florida and expected to be tried in May 2007. Any damages paid in the case decided on appeal will be an element of the damages to be sought by Littlefield in the May litigation against Philip Furtney.

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

"This is the second act in what will likely be a four act play before this matter is fully and finally resolved. In May, the Company will finally be able to present its evidence in regard to the alleged fraud, fraudulent misrepresentation and his obligations under a financial guaranty against Philip Furtney. Furtney avoided service for almost ten years and the Company was only able to serve him at the time of the trial against the above-named corporations.

"The Company will be the plaintiff in this matter and will be presenting evidence on fairly narrow subjects ---| did Furtney allegedly commit fraud in not revealing the existence of an ongoing investigation immediately prior to the sale of the bingo halls, did Furtney allegedly fraudulently induce the Company to enter into the transaction and is Furtney liable under his personal financial guaranty?

"Many of the facts pertaining to this case were explored at the trial of the corporate entities in which the Company was the defendant. The facts at that trial appear to support the Company's allegations.

"While this is a disappointment in the short term, this matter will have no material impact on the Company's operations." 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.