| May 14, 2009 Richfield Obtains Shareholder Approval of Proposed 5:1 Share Consolidation | |
| Quesnel, BC - May 14, 2009 Richfield Ventures Corp. (RVC: TSX-V) (the "Company") is pleased to announce that, further to its news release of April 29, 2009, it has obtained shareholder approval for the proposed consolidation of the Company's share capital on the basis of one (1) new common share without par value for every five (5) existing common shares without par value. The Company obtained shareholder approval by way of a written consent from holders representing a majority of its outstanding shares. Upon completion of the proposed consolidation, the issued and outstanding shares will be altered from 25,698,188 common shares without par value to 5,139,638 common shares without par value. (based on the outstanding amounts as of the date hereof) Any fractional shares resulting from the consolidation will be rounded to the nearest whole number. Completion of the proposed consolidation is subject to the acceptance of the TSX Venture Exchange. The Company has filed its request to the TSX Venture Exchange for acceptance of the proposed consolidation. A further news release will be issued to advise as to the consolidation date once the Exchange acceptance is received. There will be no name change in conjunction with the consolidation. On Behalf of the Board of Directors, Peter Bernier, President & CEO FOR FURTHER INFORMATION PLEASE CONTACT Peter Bernier, President & CEO Richfield Ventures Corp. Tel: (877) 992.6644 Email: Susanne Bonn, CFO Richfield Ventures Corp. Tel: (877) 992.6644 Email: 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. | |
