Richfield Identifies High Grade Gold at Blackwater, British Columbia

November 2, 2010

BW 87 Intersects 115 metres @ 2.59 g/t Au including 57 metres of 4.79
g/t Au

QUESNEL, BC, Nov. 2 /PRNewswire/ – Richfield Ventures Corp. (TSX.V:RVC)
(“Richfield” or the “Company”) is pleased to report drill results for
four diamond drill holes on the 100% owned portion of its Blackwater
Gold Project approximately 100 km south of Vanderhoof, BC.

Drilling is focused on testing the continuity and size of the bulk
tonnage gold system.

BW 87 is 163 metres southeast of the collar of BW 59 (361 metres of 1.25 g/t Au within 455 metres of 1.03 g/t Au - see NR May 6, 2010), 350 metres east of BW 68 (227 metres of 1.51 g/t Au including 66 metres of 3.65 g/t - see NR July 26, 2010) and 269 metres northwest of BW 74 (231.96 metres of 0.75 g/t Au - see NR Sept 2, 2010).

DDH From (m) To (m) Intvl (m) Au g/t Ag g/t
BW 85 4 28 24 0.91 3.2
BW 85 97 109 12 1.83 5.1
BW 85 356 358 2 1.13 54.6
BW 86 94 161 67 0.59 5.6
incl 143 161 18 0.88 8.8
BW 86 182 185 3 2.02 17.3
BW 87 56 171 115 2.59 4.1
incl 89 146 57 4.79 4.3
and incl 141 144 3 23.30 18.8
BW 87 303 316 13 4.33 13.4

BW 85 was drilled 50 metres west of BW 87. BW 86 and BW 88 were drilled
along the south edge of the Richfield Zone (see maps on company
website). BW 88 returned anomalous gold grades.

Mineralization is dominated by fine grained pyrite and sphalerite
disseminated through variably hydrofractured and silicified lapilli
tuff and andesite-dacite. Sections with the strongest silicification
are generally more strongly mineralized than less silicified sections.
Visible gold occurs in the most strongly mineralized part of BW 87
about 135 m deep. It forms anhedral, equant grains about a millimeter
across in fracture fills and irregular veinlets.

Peter Bernier, President and CEO observed “These latest results support
our interpretation that higher grade near-surface gold occurs in at
least three broad zones of plus 1 g/t gold.”

Richfield is well-funded and logistically prepared to carry on drilling
with two rigs through the winter months.  Holes will be targeted to
further explore and delineate the bulk gold deposit which is developing
at the Blackwater Gold Project.

Drill map, sections and strip logs for individual holes will be posted
on the company website today. All four holes were drilled vertically.

Also see drilling results at http://www.corebox.net/properties/blackwater/index.php?deposit=510

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. Five 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 222 quality control samples
(14.5 % of all 1534 samples) were 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.

About Richfield Ventures Corp.

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 Nechako Plateau
region of British Columbia.

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

“Peter Bernier”

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.

Certain statements in this press release may be considered
forward-looking information, which, in many cases, can be identified by
use of words such as “may”, “will”, “expect”, or “plan”. Such
information involves known and unknown risks, uncertainties and other
factors — including the availability of funds, the results of
financing and exploration activities, the interpretation of drilling
results and other geological data, project cost overruns or
unanticipated costs and expenses and other risks — that may cause
actual events to differ materially from current expectations.  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.

SOURCE Richfield Ventures Corp.

Source: newswire

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