| August 28, 2009 Richfield Ventures Announces New Share Option Plan and Grant of Options | |
| RICHFIELD VENTURES ANNOUNCES NEW SHARE OPTION PLAN AND GRANT OF OPTIONS Quesnel, British Columbia -- August 28, 2009 Richfield Ventures Corp. (TSX.V: RVC) ("Richfield") announces that it has adopted a new fixed share option plan (the "Plan"). The Plan, which replaces the Company's previous 10% rolling share option plan, was approved by the Company's board of directors on August 26, 2009. Subject to TSX Venture Exchange acceptance and shareholder approval of the Plan (including disinterested shareholder approval in certain instances), the Company has granted incentive stock options to certain directors, officers, employees and consultants of the Company to purchase up to 1,623,323 common shares in the capital of Richfield. The options are exercisable on or before August 27, 2014 at an exercise price of $0.17 per share. 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 and Nechako Plateau regions of British Columbia. 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. For further information contact: Peter Bernier, President Richfield Ventures Corp. 101-242 Reid Street Quesnel, BC V2J 2M5 Toll Free 1-877-992-6644 Phone: (250) 992-6644 Fax: (250) 992-6643 pete@richfieldventures.ca | |
