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Richfield releases Phase 1 Mouse Mountain results and commences drilling at G-South Gold target

    VANCOUVER, May 16 /PRNewswire-FirstCall/ - Richfield Ventures Corp.
(TSX-V: RVC) announces that it has received and evaluated assay results for
all 15 drill holes (5544m) of the phase 1 drilling at Mouse Mountain.

    Interesting results were obtained from the phase 1 drill program at the
Mouse Mountain copper-gold property. Five of the nine holes on the Rainbow
Zone returned copper intersections on the order of 0.1% over down-hole
widths on the order of 100 meters accompanied by anomalous gold values. The
overall grade of the Rainbow zone appears to be around 0.1% copper
equivalent. The additional six holes drilled in Phase 1 tested various
geophysical anomalies. No significant zones of mineralization were
intersected.

    On the basis of the results from the Phase 1 work, Richfield has
resolved to focus on the drilling of the G-South gold target and to
postpone the Phase 2 drilling at Mouse Mountain till a later date.

    Richfield aims to complete a 3000 meter drill program on the G-South
target which is designed to verify and extend gold mineralization indicated
from work by previous operators. (See News Release of April 30th 2008 or
visit http://www.richfieldventures.ca for more information).

    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 over the last three years and holds a 100%
interest in mineral tenures in the Quesnel Trough covering approximately
90,000 hectares and holds option to explore a further 12,000 hectares in
the area. In addition Richfield has optioned mineral properties in western
British Columbia near the Trapper Lake and Tatlayoko lake regions.

    The scientific and technical information contained in this news release
was prepared under the supervision of Charles Greig, M.Sc. P.Geo., the
company's "qualified person" under National Instrument 43-101 Standards of
Disclosure for Mineral Projects.

    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. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities. CONTACT: 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, http://www.richfieldventures.ca, pete@richfieldventures.ca; Ryan Glasser, Investor Relations, Richfield Ventures Corp., 1201, 1166 Alberni Street, Vancouver, BC, V6E 3Z3, Phone: (604) 801-6625, Mobile: (778) 899-6625, Fax: (604) 687-4770, http://www.richfieldventures.ca, ir@richfieldventures.ca
SOURCE Richfield Ventures Corp.




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CONTACT:
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,
http://www.richfieldventures.ca, pete@richfieldventures.ca; Ryan
Glasser, Investor Relations, Richfield Ventures Corp., 1201, 1166
Alberni Street, Vancouver, BC, V6E 3Z3, Phone: (604) 801-6625,
Mobile: (778) 899-6625, Fax: (604) 687-4770,
http://www.richfieldventures.ca, ir@richfieldventures.ca