Richfield Drills 72 m at 1.69 g/t Au; 183 m at 1.03 g/t Au; 206 m at 1.56 g/t Au; 72 m at 1.3 g/t Au; 91 m at 1.07 g/t Au

QUESNEL, British Columbia, February 8, 2011 - 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
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

www.richfieldventures.ca

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 at richfieldventures.ca