EV RESOURCES LTD — Regulatory Filings 2007

Oct 17, 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

18 October 2007

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

Dear Sir/Madam,

Richfield Group Limited to conduct non-renounceable entitlements issue

The directors of Richfield Group Limited (Richfield Group) have pleasure in announcing a non-renounceable entitlements issue to existing shareholders of up to 534,176,013 New Share Options to raise approximately \$534,176 (Rights Offer).

Each eligible shareholder is being offered in new share option (New Share Option) for every fully paid ordinary share held as at the close of business on the record date of the Rights Offer. being 30 October 2007. The New Share Option will be offered at \$0.001 per New Share Option.

The Rights Offer is fully underwritten.

The Underwriters may apply for New Share Options which are not taken up under the Rights Offer pursuant to a shortfall offer (Shortfall Offer). Such securities are being offered in addition to each shareholders entitlement under the Rights Offer and will be offered on the same terms as the Rights Offer.

The Rights Offer will be extended to Richfield Group shareholders with registered addresses in Australia and New Zealand.

The funds raised under this Rights Offer will be used for working capital.

The Rights Offer is non-renounceable and entitlements under the Rights Offer will not be able to be traded.

Rights Offer

The anticipated timetable* for the Rights Offer is as follows:

Record Date	1 November 2007
Complete dispatch of Prospectus and Entitlement and Acceptance Forms	7 November 2007
Closing Date for Rights Offer	21 November 2007
Securities quoted on deferred settlement basis	22 November 2007
Dispatch of Holding Statements	29 November 2007

These dates are indicative only and subject to change. Richfield Group, in consultation with the Underwriter, subject to the Corporations Act, the ASX Listing Rules and other applicable laws, reserves the right to change any of these dates without notice. This may include extending the Rights Offer or accepting late acceptances, either generally or in particular cases.

Offers and Applications

Offers of New Share Option will be made in the prospectus for the Rights Offer, which was lodged with the Australian Securities and Investments Commission and released to the Australian Securities Exchange on 18 October 2007.

Eligible shareholders in Richfield Group who wish to participate in the Rights Offer may only do so by completing the personalised Entitlement and Acceptance Form which will accompany their copy of the prospectus.

Further details on the Rights Offer are contained in the prospectus.

An Appendix 3B in relation to the Rights Offer is attached.

Yours faithfully

MARK BALFOUR DIRECTOR