Richfield Options Gold Property from SilverQuest

QUESNEL, BC, March 24 /PRNewswire-FirstCall/ - Richfield Ventures Corp.
("Richfield" or "the Company") is pleased to announce that it has acquired an
option to earn up to a 75% interest in the Davidson Property, located
approximately 100 kilometres southwest of Vanderhoof in central British
Columbia, from Silver Quest Resources Ltd. ("Silver Quest").
Richfield may acquire an initial 60% interest in the Davidson Property by
making aggregate cash and share payments totaling $90,000 cash and 350,000
shares and incurring an aggregate $1,000,000 in exploration expenditures
within three years of TSX-Venture acceptance of the agreement. After vesting
of a 60% interest, Richfield may acquire an additional 15% (total 75%)
interest in the Davidson Property by making an additional cash payment of
$150,000, issuing 400,000 shares and incurring an additional $500,000 in
exploration expenditures on the property in the fourth year.
The Davidson property covers approximately 891 hectares in the Nechako
Plateau. It was the subject of several major exploration programs between the
late 1970's and 2006. Between 1987 and 1994, 34 rotary drill holes and 31
diamond drill holes were completed. Within an 800m by 300m area the 1987 and
1994 drilling defined two zones termed the Gold and Silver Zones.
The Gold Zone, covering an area of about 500m by 200m, returned gold values in
all 11 holes drilled, with a best intersection of 6.3 metres grading 14.28 g/t
Au and 26.7 g/t Ag in hole DAV-11.
The Silver Zone returned a number of long intervals of silver mineralization,
including 94.9 metres grading 20.6 g/t Ag in hole DAV-15, and 41.6 metres
grading 33.0 g/t Ag in hole DAV-16, and 83.9 metres grading 29.1 g/t Ag in
hole DAV-17.
During the fall of 2005, Silver Quest drilled five holes to test geophysical
and geochemical targets for epithermal gold and silver mineralization, and
discovered a new mineralized zone located 500m south of the Silver Zone and
500m west of the Gold Zone. Hole DAV-05-02 returned 140.5 metres grading 1.43
g/t Au and 3.4 g/t Ag, including 14.0 metres grading 4.93 g/t Au and 17.1 g/t
Ag.
Two subsequent holes drilled by Silver Quest in the winter of 2006 returned
8.0 metres grading 10.7 g/t Au and 42.8 g/t Ag, including 2.0 metres grading
35.5 g/t Au and 153.0 g/t Ag, and the second hole, 12.3 metres grading 1.25
g/t Au and 46.1 g/t Ag. This mineralization is hosted in a zone of strong
fracturing and alteration in altered felsic volcanic rocks likely of the
Hazelton Group. A possible west-northwest trending structural control is
inferred, this being defined by a previous ground electromagnetic geophysical
survey.
Richfield plans a systematic diamond drilling program to test the area between
the Gold, Silver and new zones, which has not previously been tested by
diamond drilling. The main target in this area is centered on an IP
resistivity anomaly, which may reflect alteration within the same strongly
altered felsic volcanic rocks which host mineralization elsewhere on the
property.
The Nechako Plateau hosts a number of precious metal occurrences, two of which
are under active investigation by Silver Quest. The Capoose property located
25 km to the northwest, is a porphyry related base-precious metal occurrence
with historic (non-NI 43-101 compliant) resources of 28.22 million tonnes
averaging 36.0 g/t Ag and 0.34 g/t Au, About 15 km southwest of Davidson is
the 3T's property, where a number of gold bearing veins are known with NI
43-101 compliant resources of 942,600 tonnes grading 4.89 g/t gold and 77.8
g/t silver in the Tommy and Ted veins hosted in felsic volcanic rocks of the
Hazelton Group.
At Richfield's recently completed Annual General Meeting, Peter Bernier,
Raymond Fortier, Dirk Tempelman-Kluit, Victor Harwardt and Lindsay Bottomer
were re-elected to the Board of Directors. All motions presented at the
meeting were passed. Bruce Fair did not stand for re-election. The Company
wishes to thank Mr. Fair for his service as a Richfield Director. Also at the
meeting, Smythe Ratcliffe, LLP was re-appointed as auditor for the Company.
The Company thanks its shareholders, employees and consultants for their
continued support and interest during the past year and anticipates another
active exploration season.
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 region of
British Columbia and holds a 100% interest in mineral tenures in the Quesnel
Trough covering approximately 63,700 hectares.

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.

SOURCE Richfield Ventures Corp.

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, pete@richfieldventures.ca