11/18/2009 (BAYSTREET NEWSWIRE)

November 18, 2009 -- Quesnel, British Columbia: Richfield Ventures Corp. (TSX.V-RVC) "Richfield" or the "Company" is pleased to announce a private placement offering of common share units ("CS Units") and "flow-through" common share units ("FT Units") at a price of $1.00 per CS Unit and $1.30 per FT Unit to raise gross proceeds up to $6 million, subject to an overallotment option. Loewen, Ondaatje, McCutcheon Limited (the "Agent") is acting as exclusive lead agent and will offer the Units on a commercially reasonable best efforts basis.

The Agent is entitled, pursuant to an overallotment option, to increase the issue of CS Units and FT Units by a number equivalent to 25% of the aggregate number of Units sold under the private placement. Closing is expected to occur on December 9, 2009. The Company intends to allocate the net proceeds of the private placement primarily for its Blackwater Project and regional exploration in the Nechako Plateau.

"Richfield will become the most active explorer in the Nechako Plateau" stated Peter Bernier, President of Richfield. "We expect our exploration program will include more than 10,000 metres of drilling on the Blackwater Project to come up with a 43-101 compliant resource estimate".

Each CS Unit will consist of one common share and one share purchase warrant (a "$1.50 Warrant") of the Company and each FT Unit will consist of one common share issued on a flow-through basis and one-half of a common share purchase warrant (a "$1.75 Warrant") of the Company. Each $1.50 Warrant will entitle the holder to purchase one common share for a period of two years from closing at a price of $1.50 per share and each whole $1.75 Warrant will entitle the holder to purchase one common share for a period of two years from closing at a price of $1.75 per share.

All of the warrants are subject to abridgement of the exercise period on the occurrence of a trigger event. A trigger event shall occur if on any day during the exercise period of the warrants the twenty-day volume weighted average trading price of the Company's common shares on the TSX Venture Exchange exceeds $2.00 per share. The occurrence of a trigger event entitles the Company, on written notice to the holders, to abridge the exercise period to an expiry date which is 30 days following notice.

A cash commission of 7% of the gross proceeds of the offering will be payable to the Agent (excluding President's List purchasers, for which the Agent shall receive a reduced commission). The Agent will also be entitled to receive that number of compensation options ("Compensation Options") which is equal to 7% of the number of Units sold under the offering (excluding President's List purchasers). Each Compensation Option will be exercisable into one CS Unit (having the same terms as those sold to investors) for a period of two years from closing at a price of $1.00 per CS Unit.

The offering is subject to standard closing conditions, including the Agent's satisfactory due diligence and regulatory approval, including the approval of the TSX Venture Exchange. All securities issued under the private placement will be subject to a four month hold period.

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.

For further information contact:

Peter Bernier, President Richfield Ventures Corp. 101-242 Reid Street Quesnel, BC  V2J 2M5   Toll Free 1-877-992-6644Phone: (250) 992-6644     Fax: (250) 992-6643 pete@richfieldventures.ca   
                                                                                                                                                                                               
                                                                                                                                                                                               

The units have not been registered under the United States Securities Act of 1933, as amended (US Securities Act), and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy such units in any jurisdiction in which such an offer or sale would be unlawful.

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.

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