EV RESOURCES LTD — Capital/Financing Update 2008

Oct 28, 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

29 October 2008

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

Dear Sir/Madam

NON-RENOUNCABLE RIGHTS ISSUE OFFER DOCUMENT DISPATCHED

On 15 October 2008, Richfield Group Limited (“the Company”) announced a non-renounceable entitlements issue to existing shareholders of up to 209,037,516 new shares to eligible shareholders. Pursuant to the entitlements issue, each eligible shareholder is being offered one (1) new share for every four (4) fully paid ordinary shares held at close of business on the record date of the offer, being 27 October 2008 (“Rights Issue”).

In accordance with the timetable referred to in the Offer Document and notice to shareholders dated 15 October 2008, the Company would like to confirm that the Offer Document, together with a personalised Entitlement and Acceptance Form, has been dispatched to eligible shareholders as at today with the closing date for the Rights Issue being 13 November 2008.

Yours sincerely

Luke Martino Company Secretary