Richfield Oil & Gas Company Engages RedChip Companies to Lead Investor Relations Efforts

SALT LAKE CITY, April 15, 2013 /PRNewswire/ -- Richfield Oil & Gas Company (OTCQX: ROIL) ("Richfield" or the "Company"), has engaged RedChip Companies, Inc. ("RedChip") to lead its investor relations efforts.

Douglas C. Hewitt, Sr., Chairman and CEO of Richfield, stated, "After years of building the necessary foundation for sustained growth, we've reached the point where we're ready to share our exciting story with a wide-reaching investor audience. RedChip was the logical choice to help us succeed in this initiative and came highly recommended from several sources."

"Richfield presents a compelling opportunity for investors," stated Dave Gentry, President and CEO of RedChip. "The Company has embarked on its strategy of building repeatable, scalable operations primarily in Kansas, and the development of its high-impact Utah properties represents exponential upside. With interests directly aligned with stockholders, it's evident the Company's management and board are dedicated to enhancing shareholder value. We are pleased to bring this exciting and unique story to our expansive global investor network."

About Richfield Oil & Gas Company

Richfield is an independent exploration and production company headquartered in Salt Lake City, Utah with substantially all of its current producing assets located in Kansas and additional leasehold assets in Utah and Wyoming. Founded in April 2011 by seasoned industry executives, Richfield is dedicated to develop and grow organically through the exploitation and development of its existing field inventory by the use of drilling, workover, recompletion and other lower-risk development projects to increase reserves and production.

In addition, the Company is seeking to acquire assets within its areas of focus including Kansas, Wyoming and Utah. The Company purchases are primarily on a negotiated basis, utilizing its industry relationships. The Company evaluates potential acquisitions by analyzing geological information and each wellbore in each field to identify upside potential.

Please visit www.richfieldoilandgas.com for additional information.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, statements regarding Richfield's acreage in Uinta County, Wyoming. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the risks as identified in our annual report on Form 10-K for the year ended December 31, 2012, as filed with the Securities and Exchange Commission, and all subsequent filings.

All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

About RedChip Companies, Inc.

RedChip Companies, an Inc. 5000 company, is an international small-cap research, investor relations, and media company headquartered in Orlando, Florida; with affiliate offices in San Francisco, Seoul, Hong Kong and Singapore. RedChip delivers concrete, measurable results for its clients through its extensive global network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, "The RedChip Money Report"™ television show, Shareholder Intelligence, Social Media and Blogging Services, and Webcasts. To learn more about RedChip's products and services, please visit: http://www.redchip.com/visibility/productsandservices.asp.

"Discovering Tomorrow's Blue Chips Today"™

SOURCE Richfield Oil & Gas Company