Richfield Ventures Corp.

Richfield Ventures Corp.

December 23, 2009 19:00 ET

Richfield Amends Option Plan, Grants Options and Reports Rights Plan Approval

QUESNEL, BRITISH COLUMBIA--(Marketwire - Dec. 23, 2009) - Richfield Ventures Corp. (TSX VENTURE:RVC) ("Richfield" or the "Company") announces that it has amended its incentive stock option plan to increase the number of common shares of the Company available for grant under the option plan to 4,807,262 and granted 2,148,825 options under the amended option plan. The Company also reports that the Company's shareholders rights plan was approved by disinterested shareholders at its general meeting of shareholders held on December 14, 2009.

The option grants are subject to TSX Venture Exchange acceptance and shareholder approval of the amended option plan. The 2,148,825 incentive stock options were granted to directors, officers, employees and consultants of the Company, are subject to vesting restrictions and are exercisable on or before December 22, 2014 at an exercise price of $1.25 per share. The 4,807,262 common shares of the Company reserved for issuance under the amended option plan represents 20% of the current issued and outstanding common shares of the Company.

Richfield Ventures Corp. is a public mineral exploration company trading on the TSX Venture Exchange under the symbol RVC. Richfield has been actively acquiring and exploring mineral tenures in the Quesnel Trough and Nechako Plateau regions of British Columbia.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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