Richfield Acquires Blackwater West Project

Oct 06, 2010, 08:30 ET from Richfield Ventures Corp.

QUESNEL, BC, Oct 6 /PRNewswire-FirstCall/ - Richfield Ventures Corp. (TSX.V:RVC) ("Richfield" or the "Company") is pleased to announce that the Company has entered into an agreement to acquire 100% interest in claims known as the Blackwater West Property.

Richfield may acquire 100% interest in the Blackwater West Property by making a one-time cash payment of $10,000 and issuing 25,000 shares.  All terms of this acquisition are subject to approval by the TSX Venture Exchange.

Previous owners recently completed a 440 line kilometre helicopter-borne DIGHEM electromagnetic (EM) geophysical survey which discovered two anomalies within a general magnetic low.

Peter Bernier, President and CEO of Richfield remarked, "This property acquisition ties in nicely with our Blackwater Project and we are looking forward to exploring these anomalies further."

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.

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.

SOURCE Richfield Ventures Corp.