EV RESOURCES LTD — Capital/Financing Update 2008

Aug 13, 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

14 August 2008

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

Dear Sir/Madam

TOLI TOLI PROJECT UPDATE, AUGUST 2008

Richfield Group Limited (ASX: RCH) wishes to confirm that the drilling program is on time and on budget and wishes to announce the following drilling activity:

• As at 13 August 2008, drill hole M37 was at 97.85 metres

• Visual estimates confirm previous Rio Tinto/Santos drilling in the same location. Assaying will now be conducted to determine the correct grades.

Below are some photos of visible Molybdenite (MoS2) in the core from the upper sections of this hole:

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2

Below are some photos of samples by drilling depth:

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Samples from 10 August 2008 (Depth 12.4-18.1m)

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Samples from 10 August 2008 (Depth 23.76-28.80m)

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Samples from 12 August 2008 (Depth 71.5-78.65m)

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Samples from 12 August 2008 (Depth 78.65-85.2m)

The Company now intends to issue a Notice of General Meeting for a meeting to have Shareholders approve the transaction. This meeting will also seek approval for any other requirements to ensure the Company has complied with Chapters 1 and 2 of the ASX Listing Rules. In addition the Company intends to combine the Regulatory Requirements of the transaction with the Annual General Meeting. It is anticipated that this will be held in mid to late October 2008.

Yours sincerely

Luke Martino Company Secretary

The information in this release that relates to Exploration, Mineral Resources or Ore Reserves is based on information compiled by Laurie E. Whitehouse, Consulting Geologist, who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Whitehouse has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“The JORC Code”). Mr Whitehouse consents to the inclusion in the report of matters based on his information in the form and context in which it appears, and in particular to the results of historical exploration carried out by Rio Tinto and Santos Ltd previously disclosed.