Richfield intersects 329 metres of 1.25 g/t gold including 233 metres of 1.42
g/t gold and 5.2 metres of 9.1 g/t gold at the bottom of the hole

QUESNEL, BC, Jan. 5 /CNW/ - Richfield Ventures Corp. (TSX-V:RVC) "Richfield" or the "Company" announces assay results for two final holes drilled late last season on the Blackwater project.

Gold values are fairly consistent, with several one metre intervals of higher gold values through much of the hole; the three highest such samples assayed 132 g/t Au (between 247 and 248 m depth), 42.5 g/t Au (between 331 and 332 m depth) and 17.8 g/t Au (between 215 and 216 m depth). The entire hole averaged 1.25 g/t Au over a sampled length of 329.2 metres from bedrock to the bottom of the hole. Averages include lower grade intervals; for example one lower grade interval averaged 0.12 g/t Au over 19 metres (between 312 and 331m).

    
    ------------------------------------------------------------------------
    DDH              From (m)      To (m)   Intvl (m)     Au g/t      Ag g/t
    ------------------------------------------------------------------------
    BW 59                  7       336.2       329.2        1.25         3.5
    ------------------------------------------------------------------------
    BW 59           incl. 20         253         233        1.42         2.5
    ------------------------------------------------------------------------
    BW 59          incl. 121         134          13        3.17         1.2
    ------------------------------------------------------------------------
    BW 59          incl. 331       336.2         5.2         9.1          45
    ------------------------------------------------------------------------
    BW 59          incl. 310         312           2         8.6        34.8
    ------------------------------------------------------------------------
    BW 59          incl. 247         248           1         132         165
    ------------------------------------------------------------------------
    Widths reported are drill widths; true widths are unknown. All assays
    are uncut, length-weighted average values.
    

Details of hole locations and assay results are given in the company website http://www.richfieldventures.ca/.

BW 59 is a vertical hole collared about 270 metres northwest of BW 46 and drilled to 336 m depth. It intersected siliceous breccia with a few small intervals of chloritized andesite and lapilli tuff and gold values from top to bottom.

BW 58 intersected mainly massive andesite with lapilli tuff towards the base of the hole. The best gold values are in the lapilli tuff, where 19.6 metres average 0.81 g/t Au with 2.1 g/t Ag including 4 metres with 1.79 g/t Au and 3.6 g/t Ag. BW 58 was drilled 260.6 m deep and to the northeast at -50 degrees parallel to, and roughly half way between BW 47 (with 55.3 m of 1.46 g/t Au) and BW 48 (with 70 m of 1.51g/t Au). The hole is 285 metres west of BW46 (with 1.06 g/t Au over 207.25 metres).

    
    DDH              From (m)      To (m)   Intvl (m)     Au g/t      Ag g/t
    ------------------------------------------------------------------------
    BW 58                204         224          20        0.41         2.3
    ------------------------------------------------------------------------
    BW 58                241       260.6        19.6        0.81         2.1
    ------------------------------------------------------------------------
    BW 58                242         246           4        1.79         3.6
    ------------------------------------------------------------------------
    Widths reported are drill widths; true widths are unknown. All assays
    are uncut, length-weighted average values.
    

BW 58 is astride the boundary between ground optioned by Richfield from Silver Quest Resources Limited (NR March 23, 2009) and ground optioned from private parties. BW 59 is wholly on ground optioned from Silver Quest.

A bulk gold model hosted in highly siliceous breccia and microbreccia derived from a rhyolite dome and its extrusive equivalent is considered appropriate for Blackwater mineralization (NR Sept 24 2009).

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. A standard sample supplied by an outside independent laboratory, a blank sample or a duplicate sample are inserted into the sample stream every tenth sample. Samples including the blanks and standards, are shipped by courier to Eco Tech Stewart Group Laboratories in Kamloops, B.C. Duplicate samples are shipped by courier to Acme Laboratories, Vancouver for analysis.

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 Lindsay Bottomer 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 Quesnel Trough and Nechako Plateau regions of British Columbia.

    
    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 "plans" of the company. 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 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.

SOURCE RICHFIELD VENTURES CORP.

For further information: For further information: Peter Bernier, President, Richfield Ventures Corp., 101-242 Reid Street, Quesnel, BC, V2J 2M2; Toll Free 1-877-992-6644, Phone: (250) 992-6644, Fax: (250) 992-6643, pete@richfieldventures.ca, www.richfieldventures.ca

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