EV RESOURCES LTD — Capital/Financing Update 2008

Nov 16, 2008

RICHFIELD GROUP LIMITED

ABN 66 009 144 503

311-313 HAY STREET SUBIACO, PERTH WA 6008 TELEPHONE (+618) 9381 5819 FACSIMILE (+618) 9388 3701

LISTED ON THE AUSTRALIAN STOCK EXCHANGE

17 November 2008

The Manager Company Announcements Office Australian Stock Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000

Dear Sir / Madam

RICHFIELD GROUP LIMITED (ASX CODE “RCH”)

• Update on Non-renounceable Rights Issue

• Amendment to Dispatch Holding Statements date to 21 November 2008

• Amendment to Cleansing Notice Lodgement with ASX to 21 November 2008

Richfield Group Limited is pleased to announce that the underwritten 1:4 pro rata Entitlements Issue of 209,037,516 new ordinary shares to raise $2,090,375 has been completed.

Applications from 262 shareholders were received for $404,014.64 in application funds. The underwriter has been advised of the under subscription of 168,636,052 new ordinary shares amounting to $1,686,360.52.

Richfield Group Limited also wishes to announce an amendment to the dates for the Dispatch Holding Statements Allotment and the Cleansing Notice Lodged with the ASX under the Non-renounceable Entitlements Issue. The dates change from Tuesday 18 November 2008 to Friday 21 November 2008 to allow for sufficient time for application funds to have cleared.

The Directors wish to thank shareholders for their continued support and for participating in the Entitlements Issue.

Yours sincerely

Luke Martino Company Secretary