EV RESOURCES LTD — Regulatory Filings 2007

Dec 3, 2007

RICHFIELD GROUP LIMITED

ABN 66 009 144 503

SUITE 2, LEVEL 10, 3 SPRING STREET, SYDNEY NSW 2000 TELEPHONE: (+612) 9256 8888 FACSIMILE: (+612) 9256 8810 LISTED ON THE AUSTRALIAN STOCK EXCHANGE

4 December 2007

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

Dear Sir.

ACQUISITION OF MOLYBDENUM PROJECT, INDONESIA

Richfield Group Limited (ASX: RCH) has entered into an enforceable heads of agreement to purchase 75% of the total issued capital of Victory West Pty Ltd (ACN: 127 980 189) a company (together with its wholly owned subsidiaries) having rights to exploration and exploitation of Molybdenum amongst other metals from certain defined areas in Indonesia.

Victory West Pty Ltd, through its Indonesian subsidiaries, has acquired five (5) exploration mining leases. The exploration leases have a three (3) year term with a further two (2) year extension of the lease terms possible.

Previous exploration work carried out by Rio Tinto on these properties from 1970 to 1985 delineated four (4) Molybdenum mineralisation anomalies. Expenditure on this exploration programme was in the order of US\$20.5 million during that period.

The purchase price to be paid by Richfield Group Limited will be payable by the issue and allotment of 500,000,000 shares in Richfield Group Limited and 500,000,000 options exercisable at one (1) cent.

The transaction is subject to a range of conditions including:-

• Richfield Group Limited shareholder approval; S.
• execution of a final share sale agreement and satisfactory completion of due diligence by Richfield Ý. Group Limited by 20 December 2007, or such other dates as may be agreed by the parties; and
• all necessary regulatory approvals, including any approvals required under the ASX Listing Rules.

The parties have also entered into a non solicitation and no talk provisions customary for this type of transaction.

It is anticipated that meeting documents to seek Richfield Group Limited shareholder approval will be forwarded to Richfield Group Limited shareholders in late December 2007 or early January 2008. Shareholders in Richfield Group Limited will then be asked to approve the acquisitions in general meeting in accordance with the Corporations Act and the ASX Listing Rules.

This meeting will also include all necessary resolutions to ensure that the Company complies with Chapters 1 and 2 of the ASX Listing Rules including resolutions to reconstruct capital if necessary.

Yours faithfully.

Steven Pynt Director