Richfield Ventures Corp.

Richfield Ventures Corp.

April 05, 2011 14:27 ET

Richfield Accelerates Warrant Expiry

QUESNEL, BRITISH COLUMBIA--(Marketwire - April 5, 2011) - Richfield Ventures Corp. (TSX VENTURE:RVC) ("Richfield" or the "Company") announced today that it has given an expiry acceleration notice to holders of warrants that were issued in connection with private placements that closed on September 11, 2009, December 14, 2009 and September 17, 2010.

Richfield has exercised its right to abridge the expiry to 5:30 pm (Vancouver time) on May 6, 2011 in respect of 5,063 warrants with an exercise price of $0.25, 2,027,055 warrants with an exercise price of $1.50, and 3,774,249 warrants with an exercise price of $2.50. Any of the foregoing accelerated warrants not exercised prior to the accelerated expiry will expire without any further action being taken.

To exercise their Warrants, Warrant holders must comply with the terms of the warrants certificates, which include the delivery to the Company of (a) the original warrant certificate, (b) a completed and executed Subscription Form (which is attached to the warrant certificate), and (c) due payment of the exercise price, all by no later than 5:30 pm (Vancouver time) on May 6, 2011.

Richfield Ventures Corp. is a 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.

On behalf of the Board of Directors of Richfield Ventures Corp.

Peter Bernier, President

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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