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Richfield Drills 124 Metres of 1.89 g/t Au and 25.71 Metres of 8.91 g/t Au

QUESNEL, BRITISH COLUMBIA, Apr 12, 2011 (Marketwire via COMTEX News Network) --

Richfield Ventures Corp. (TSX VENTURE:RVC) ("Richfield" or the "Company") is pleased to report drill results for nine holes of the 2011 30,000 metre drill campaign to expand and delineate the resource on the Blackwater Gold Project. The project is approximately 100 km south of Vanderhoof, BC.

The nine vertical holes were collared on the southern part of the Blackwater deposit, owned 100% by Richfield. Five holes are at the west side of known mineralization and four are near the east side. On the west-southwest the two best holes, BW 127 and BW 129, expand the resource in that direction. On the southeast BW 122, 124, 126 and 128 are mineralized and support the resource model for which a resource estimate was released recently. (The estimated Indicated Resource is 53.46 million tonnes at an average grade of 1.06 g/t Au containing 1.83 million ounces gold. A further 75.45 million tonnes at an average grade of 0.96 g/t Au containing 2.34 million ounces gold is estimated in the Inferred category (see NR March 2, 2011).

Two holes, BW 125 and BW 127 ended in good mineralization; plans to deepen these holes are in progress.



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DDH From (m) To (m) Intvl (m) Au g/t Ag g/t
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BW 121 12 31 19 0.44 2.7
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BW 121 57 82 25 0.51 2.1
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BW 121 160 164 4 3.50 7.1
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BW 122 70 114 44 0.39 5.1
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BW 122 126 163 37 0.68 16.3
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BW 122 286 321 35 1.20 12.5
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BW 123 24.1 55 30.9 0.60 3.9
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BW 123 69 93 24 2.05 1.9
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BW 123 113 136 23 3.06 8.7
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BW 123 148 163 15 0.84 2.1
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BW 123 178 187 9 0.37 2.2
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BW 123 264 283 19 0.39 2.0
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BW 123 344 360 16 0.46 3.8
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BW 123 367 380 13 0.63 4.4
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BW 123 407 416.66 9.66 3.19 1.88
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BW 124 271 322 51 0.75 5.5
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BW 125 120 128 8 3.80 3.2
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BW 126 68 79 11 0.41 2.9
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BW 126 88 96 8 11.54 16.3
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BW 126 202 236 34 0.57 2.8
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BW 126 264 340 76 1.654 19.2
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BW 126 incl 277 287 10 4.03 47.4
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BW 126 & incl 303 309 6 7.46 33.8
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BW 127 52 104 52 2.95 30.4
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BW 127 incl 61 82 21 6.81 38.1
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BW 127 115 127 12 0.46 0.4
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BW 127 159 184.71 25.71 8.91 58.2
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BW 129 48 65 17 2.84 4.6
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BW 129 117 147 30 0.87 14.0
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BW 129 163 173 10 0.42 13.9
---------------------------------------------------------------------
BW 129 179 303 124 1.89 19.5
---------------------------------------------------------------------
BW 129 incl 279 295 16 5.30 60.0
---------------------------------------------------------------------

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