Richfield announces intention to consolidate shares

QUESNEL, BC, April 29 /PRNewswire-FirstCall/ - Richfield Ventures Corp. (the
"Company") announced its intention to seek the necessary approvals to
consolidate its common shares. Following discussion with various interested
financial advisers, Richfield Ventures Corp's board of directors has concluded
that Richfield must consolidate its outstanding common shares to facilitate
raising capital.
The Company is proposing a consolidation on the basis of a one (1)
post-consolidated common share for each five (5) pre-consolidated common
shares. Options and warrants outstanding as of the date of the consolidation
will be adjusted in accordance with the consolidation ratio.
The proposed consolidation is subject to both the acceptance of the TSX
Venture Exchange and shareholder approval. The Company plans to seek
shareholder approval in the next few weeks by way of a written consent in
accordance with the policies of the TSX Venture Exchange. The Company shall
provide further information on the timing of the proposed consolidation in a
subsequent news release.
The Company currently has 25,698,188 common shares issued and outstanding and
if the proposed consolidation is undertaken, then the Company would have
approximately 5,139,638 common shares issued and outstanding.

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 or
shareholders, 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.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

SOURCE Richfield Ventures Corp.

Peter Bernier, President & CEO, Richfield Ventures Corp., Tel: (877) 992-6644,
Email: pete@RichfieldVentures.ca; Susanne Bonn, CFO, Richfield Ventures Corp.,
Tel: (877) 992-6644, Email: susanne@RichfieldVentures.ca