Richfield Ventures Corp.

Richfield Ventures Corp.

April 19, 2011 08:31 ET

Richfield Drills 82 Metres of 3.29 g/t Au Including 15 Metres of 14.5 g/t Au

QUESNEL, BRITISH COLUMBIA--(Marketwire - April 19, 2011) - Richfield Ventures Corp. (TSX VENTURE:RVC) ("Richfield" or the "Company") is pleased to report drill results for five 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 five vertical holes were collared on the northern part of the Blackwater Gold Project, the subject of a 75% Richfield-25%Silver Quest Resources Ltd joint venture with Richfield as operator.

Two holes, BW 135 and BW 138 are 77 and 177 metres respectively west of BW 59 (361 metres of 1.25 grams/tonne (g/t) Au within 455 metres of 1.03 g/t Au (see NR May 6, 2010). Three other holes, BW 137, BW 139 and BW 140, are in the Gold Zone some 350 metres northeast of BW 59.

The two central holes, BW 135 and BW 138, show good gold grades in the upper 250 metres. They amplify the higher grade central part of the deposit and expand the third near-surface, high grade zone. Both holes cut siliceous breccia for their length.

Three holes in the historic gold zone contain gold mineralization from collar to the bottom of the holes with higher grade sections. Good gold grades are seen in the upper 100 metres of BW 140 and below 350 metres in BW 139. The best grades in BW 137 are below 150 metres. BW 139 cuts siliceous breccia; the two northern holes cut dacite-andesite with lapilli tuff and siliceous sections.

DDHFrom (m)To (m)Intvl (m)Au g/tAg g/t
BW 13596178823.295.8
BW 135481770.362.7
BW 13518919780.321.6
BW 13520921560.471.8
BW 135233251180.302.0
BW 13715115870.7014.4
BW 137183197140.6911.5
BW 137245287420.549.1
BW 13821651631.027.3
BW 138172213410.582.3
BW 13823324070.825.3
BW 1396483191.206.5
BW 139127154270.361.9
BW 139159177180.523.3
BW 139267285180.361.8
BW 139292305130.321.5
BW 139361378174.136.0
BW 139398426280.336.0
BW 139435452.6317.630.7718.4
BW 1402396731.404.9
BW 140116159430.452.1
BW 140213229160.460.4

Peter Bernier, RVC president comments "We are excited about the results of the two stepout holes west of BW 59. Results from the three northern holes show that the Gold Zone is a significant part of the overall deposit."

Drill map and strip logs for individual holes reported here will be posted on the company website.

Also see drilling results at Widths reported are drill widths; true widths are unknown. Assays are uncut, length-weighted average values.

Quality Assurance

Richfield has implemented a rigorous quality assurance/quality control program at the Blackwater property using best industry practice and supervised by Dirk Tempelman-Kluit. The program includes chain of custody of samples from drill to laboratory. Drill core is sawn in half at the property and for each sample half of the core from one metre intervals is placed in plastic bags and sealed. The remainder is retained in core boxes stored at the project camp.

A standard sample, a blank sample, or a duplicate sample is inserted into the sample stream every tenth sample. Three certified ore assay laboratory standards are used in the program, and are supplied by CDN Resource Laboratories Ltd., an independent laboratory located in Langley, BC. Samples including the blanks, standards and duplicates, are shipped by bonded courier to Eco Tech Stewart Group Laboratories in Kamloops, BC, an internationally recognized analytical services provider. Rejects selected at random are sent to Acme Labs of Vancouver, BC for check assays. In total 1943.59 metres was drilled in five holes; 1854 samples were prepared. A further 70 blanks, 66 standards and 66 duplicates were inserted in the sample stream. As well 61 samples were selected for check assay. Total quality control samples were 261, about 14% of the samples analyzed. Richfield detected no significant QA/QC issues during review of the data.

The scientific and technical information contained in this news release was prepared under the supervision of Dirk Tempelman-Kluit Ph.D, FGAC, VP Exploration for Richfield Ventures Corp, and has been reviewed by Rob Pease P.Geo., who is a "Qualified Person" as defined under National Instrument 43-101.

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.

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

Peter Bernier, President

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological and metallurgical data, risks associated with the estimation of mineral resources and the geology, grade and continuity of mineral deposits, project cost overruns or unanticipated costs and expenses -- that could cause actual results to differ materially from the Company's expectations are more fully discussed in the Company's documents filed from time to time on SEDAR (see Forward-looking statements can often be identified by the use of words such as "plans", "expects", "is expected", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes" or variations (including negative variations) of such words and phrases. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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