Including32 metres @ 5.46 g/t gold, within 260 metres @ 1.57 g/t gold and 65metres @ 3.65 g/t gold within 168 metres @ 1.82 g/t gold

RichfieldVentures Corp. ("RVC" or the "Company") (TSXV:RVC) is pleased toannounce the results for the first five drill holes from the 2010exploration drill program at its wholly owned portion of the BlackwaterGold Project, BC (NR July 22, 2010).

The holes were drilled fromtwo collar locations about 405 metres apart. Two holes, BW 64 and 65were drilled from the collar of previously released hole BW 46 (207.25metres @ 1.06 g/t Au, NR September 21, 2009). Three holes, BW 66, 67 and68, were drilled from a location 405 metres to the west, roughly 143metres southwest of previously release hole BW 48 (1.26 g/t Au over 148metres: NR September 29, 2009).

BW 64 intersected goldmineralization from the collar to near the bottom of the hole with goodcontinuity of gold values. From bedrock to 267 metres the hole averages1.57 g/t gold including a 32 metre interval of 5.46 g/t gold between 212to 244 metres. As with earlier holes gold values appear to beindependent of rock type.

BW 65, was drilled northwest at -50degrees from the same collar towards previously released hole BW 59 (361metres of 1.25 g/t Au within 455 metres of 1.03 g/t Au; see NR May 6,2010). BW 65 graded 0.88 g/t gold over 198 metres; including 25.6 metresof 2.24 g/t gold.

BW 66 was drilled to the south testing achargeability anomaly defined in the 2010 induced polarizationgeophysical survey. Gold values are highest in the silicified brecciasection at the top of the hole where a 38 metre interval averages 1.34g/t Au.

BW 67 drilled eastward at -50 degrees to a depth of 378.69 metres intersected a 37 metre interval averaging 1.04 g/t gold.

Thethird hole from this collar, BW 68, was drilled vertically to a depthof 431.44 metres and intersected 227 metres of 1.51 g/t gold between 22and 249 metres, with a high grade interval of 66 metres grading 3.65 g/tgold.

<<
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From(m) To (m) Interval(m) Gold g/t Silver g/t
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BW 64 6.71 267 260.29 1.57 6.7
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including 28 48 20 2.42 9.4
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and 212 244 32 5.46 8.8
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BW 65 37 235 198 0.88 6.2
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including 57 82.6 25.6 2.24 17.9
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and 84.12 90.53 6.41 4.44 9.5
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BW 66 20 283 263 0.44 2.4
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including 54 92 38 1.34 3.5
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and 88 92 4 4.39 4.1
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BW 67 8 204 196 0.41 2.5
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including 147 184 37 1.04 3.7
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BW 68 22 249 227 1.51 5.7
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including 22 190 168 1.82 6.7
------------------------------------------------------------------------
and 62 128 66 3.65 11.7
------------------------------------------------------------------------
and 52 153 101 2.64 9
------------------------------------------------------------------------
>>

Thedrill results demonstrate continuity of grade and expand the size ofthe mineralized area, enlarging it to the east and south from the DaveZone.

Widths reported are drill widths; true widths are unknown.Assays are uncut, length-weighted average values. See drill map on thecompany website.http://www.richfieldventures.ca/s/Blackwater.asp?ReportID=379109

A three dimensional display of these and earlier drill results is posted on http://www.corebox.net/properties/blackwater/

Work Program

Drillingon the 100% owned portion of the Blackwater Gold Project is ongoing,with 25 additional holes planned in this expanded discovery area. Asecond drill is being mobilized to site, with an anticipated start update in early August. The project can be worked year round, and the campis being upgraded to an all season base to facilitate the increaseddrill program.

Quality Assurance

Richfield has implementeda rigorous quality assurance/quality control program at the Blackwaterproperty using best industry practice and supervised by DirkTempelman-Kluit. The program includes chain of custody of samples fromdrill to laboratory. Drill core is sawn in half at the property and foreach sample half of the core from one metre intervals is placed inplastic bags and sealed. The remainder is retained in core boxes storedat the project camp.

A standard sample, a blank sample, or aduplicate sample is inserted into the sample stream every tenth sample.Five certified ore assay laboratory standards are used in the program,and are supplied by CDN Resource Laboratories Ltd., an independentlaboratory located in Langley, BC. Samples including the blanks,standards and duplicates, are shipped by bonded courier to Eco TechStewart Group Laboratories in Kamloops, BC, an internationallyrecognized analytical services provider. Rejects selected at random aresent to Acme Labs of Vancouver, BC for check assays. Some 15% of allsamples were reanalyzed for check assay. Richfield has not detectedsignificant QA/QC issues during review of the data.

Thescientific and technical information contained in this news release wasprepared under the supervision of Dirk Tempelman-Kluit Ph.D, FGAC, VPExploration for Richfield Ventures Corp, and has been reviewed byLindsay Bottomer P.Geo., who is an independent "Qualified Person" asdefined under National Instrument 43-101.

About Richfield Ventures Corp.

RichfieldVentures Corp. is a public mineral exploration company trading on theTSX Venture Exchange under the symbol RVC. Richfield has been activelyacquiring and exploring mineral tenures in the Nechako Plateau region ofBritish Columbia.

On behalf of the Board of Directors of Richfield Ventures Corp.

"Peter Bernier"

Peter Bernier, President