Littlefield Corporation Reports Legal Settlement - Wednesday 1st of February 2006

AUSTIN, Texas Littlefield Corporation (OTCBB:LTFD) announces that it has settled the Lenrich matter effective January 3, 2006. The settlement is subject to a confidentiality agreement.

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

"Early this month we were able to settle the Lenrich matter. This was one of the last remaining historic legal controversies. This resolution and the resolution of other legal controversies will ensure that future legal fees are reduced substantially."

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