Richfield mobilizes drill to Mouse Mountain - Quesnel Trough target

    QUESNEL, BC, Oct. 29 /CNW/ - Richfield Ventures Corp. (TSX-V: RVC) is
pleased to announce that a diamond drill has been mobilized to its 100% owned
Mouse Mountain Property near Quesnel in central British Columbia, Canada.
    Three holes are planned for a total of 1500 meters to test targets near
the Rainbow zone, where earlier drilling encountered erratic high grade
copper-gold mineralization within a lower grade envelope. The first hole will
test the northwest extension of a chargeability anomaly; it is on trend with,
and 350 m northwest of the Rainbow showing. A second drill hole, north of the
Rainbow zone, will test a discrete magnetic target where airborne radiometric
potassium/thorium ratios are high. The third drill hole aims for the heart of
the Mouse Mountain intrusion. IP chargeability and resistivity anomalies are
strongest here on the flank of the Mouse Mountain magnetic high and beneath a
zone with high airborne radiometric potassium and low thorium. This hole is
200 m south of the Rainbow zone.
    The three hole plan was decided by Richfield management with strong
participation from Richfield's technical advisory team. Richfield anticipates
that the three holes will be completed in two weeks.
    Mouse Mountain continues to be Richfield Ventures' priority target; it is
in the heart of the Quesnel Trough, on trend with producing mines (Mt Polley,
QR). Erratic high grade copper-gold mineralization occurs within a lower grade
envelope in the right rocks, with strong alteration. Infrastructure is
excellent.
    Earlier this year Richfield completed 15 drill holes (5544m) of phase 1
drilling at Mouse Mountain (see news release May 16, 2008).
    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.

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    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 region of
British Columbia over the last three years and holds a 100% interest in
mineral tenures in the Quesnel Trough covering approximately 160,000 acres.
    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.

    
    On behalf of the Board of Directors of Richfield Ventures Corp.
    "Peter Bernier"
    Peter Bernier, President

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
    

    Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities.

For further information:

For further information: Peter Bernier, President, Richfield Ventures
Corp., 242 Reid Street, Quesnel, BC, V2J 2M5, Toll Free 1-877-992-6644, Phone:
(250) 992-6644, Fax: (250) 992-6643, www.richfieldventures.ca,
pete@richfieldventures.ca; Ryan Glasser, Investor Relations, Richfield
Ventures Corp., 1201, 1166 Alberni Street, Vancouver, BC, V6E 3Z3, Phone:
(604) 801-6625, Mobile: (778) 899-6625, Fax: (604) 687-4770,
www.richfieldventures.ca, ir@richfieldventures.ca