QUESNEL, British Columbia, February 8, 2011 /PRNewswire/ -- Richfield Ventures Corp. (TSX.V:RVC) ("Richfield" or the "Company") is pleased to report drill results for the last seven holes drilled in 2010 on its 100% owned Blackwater Gold Project. The project is approximately 100 km south of Vanderhoof, BC.

Peter Bernier, RVC president comments "With all 2010 drill results now available including the 100 metre eastward extension in BW 112, a one kilometre mineralized zone from east to west is defined."

BW 116 intersected four mineralized intervals totaling 170 metres. One 12 metre section averages 7.73 g/t Au; a second section of 23 metres averages 2.20 g/t Au with 156.8 g/t Ag.

BW 115 also intersected gold; 13 metres averages 4.54 g/t Au and 16 metres averages 3.13 g/t Au. The five holes are on a west-east line and 350 metres apart in central parts of mineralization. From west to east the order is BW 114, BW 113, BW 111, BW 116 and BW 115.

BW 114 intersected 206 metres grading 1.56 g/t Au including 14 metres of 11.49 g/t Au.

BW 113 cut 183 metres grading 1.03 g/t Au. This includes four metres of 16.62 g/t Au. A 19 metre section near the bottom of this hole averages 4.30 g/t Au.

BW 112 was drilled well east of known mineralization, some 100 metres east of BW 90 (BW 90 cut 148 metres of 1.77 g/t Au with 39 metres of 3.06 g/t Au near the bottom - see NR Nov 23, 2010). BW 112 intersected gold values in the upper 150 metres with mineralization beginning directly below overburden. The best long section averages 2.74 g/t Au for a drill length of 39 metres.

BW 110 was drilled 150 metres south of the line of holes mentioned above and 50 metres north of BW 69. It cut 54 metres of 0.46 g/t Au immediately beneath overburden with another 18 metres grading 1.04 g/t Au deeper in the hole.

Drilling for the 2011 season resumed in late January with two drills. Richfield's board has approved a $15M budget for 2011 to include 30,000 metres of drilling. In addition Richfield has engaged a team of consultants to complete a Preliminary Economic Assessment (PEA) planned for fall 2011.

    
    DDH    From (m) To (m) Intvl (m)  Au g/t Ag g/t
    BW 116     6       97     91        1.07    7.8
    incl      81       96     15        3.08   15.9
    BW 116   116      128     12        7.73    8.3
    BW 116   167      180     13        0.98    3.5
    BW 116   188      218     30        2.89   10.0
    incl     204      206      2       13.09   17.4
    BW 116   277      300     23        2.20  156.8
    BW 115   100      172     72        1.30    6.8
    incl     151      164     13        4.54    6.8
    BW 115   254      273     19        0.77    2.8
    BW 115   290      306     16        3.13    5.3
    BW 114     6      212    206        1.56    4.2
    incl       6       37     31        2.60   13.3
    and incl 126      140     14       11.49    5.4
    BW 114   282      314     32        0.53    2.6
    BW 114   373   382.52   9.52        0.85    4.2
    BW 113    23      206    183        1.03    7.0
    incl      47       51      4       16.62   22.6
    BW 113   341      360     19        4.30   10.7
    BW 112    86      129     43        0.45    5.3
    BW 112   142      181     39        2.74   10.7
    BW 112   194      214     20        0.63    4.0
    BW 112   224      241     17        0.35    1.0
    BW 111    22       26      4        1.17   13.2
    BW 111    43       62     19        0.62   14.1
    BW 111    74       96     22        0.41    4.1
    BW 111   155      168     13        0.62    3.3
    BW 111   202      234     32        0.67    2.7
    BW 110     3       57     54        0.46    6.1
    BW 110   137      155     18        1.04    4.7

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

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. 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 342 quality control samples (14.4 % of all 2372 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.

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

"Peter Bernier"

Peter Bernier, President

Certain statements in this press release may be considered forward-looking information, including those relating to the "expectations", "intentions" or "plans" of the Company. Such information involves known and unknown risks, uncertainties and other factors -- including the approvals of regulators, 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 identified by the Company in its public securities filings -- 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 to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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.

    
    For further information:

    Peter Bernier, President & CEO
    Richfield Ventures Corp.
    101-242 Reid Street
    Quesnel, BC V2J 2M2
    Toll Free: +1-877-992-6644
    pete@richfieldventures.ca

http://www.richfieldventures.ca

SOURCE Richfield Ventures Corp.