EV RESOURCES LTD — Regulatory Filings 2007

Jul 26, 2007

RICHFIELD GROUP LIMITED

ABN 66 000 144 503

SUITE 2, LEVEL 10, 3 SPRING STREET, SYDNEY NSW 2000 TELEPHONE: (+612) 9256 8888 FACSIMILE: (+612) 9255 8810 LISTED ON THE AUSTRALIAN STOCK EXCHANGE

27 July 2007

Mr James Rowe Manager, Issuers Australian Stock Exchange Exchange Plaza 2 The Esplanade PERTH WA 6000

By facsimile: (08) 9221 2020

Dear James

SHARE TRADING - 27TH JULY 2007

I refer to your facsimile letter of advice to me today concerning the extraordinary volume and increase in value of securities in Richfield Group Ltd (RCH) traded on market today, relative to the Company's securities trading history of the last several months.

I advise that:

• 1. this Company is unaware of any information concerning it that has not been announced which, if known, could be an explanation for the trading in the securities that has occurred today;
• 1. this Company has no knowledge of any circumstances which might explain this price change and increase in volume in the securities of the Company; and
• 1. More especially, there are no circumstances or activities in which the Company has any involvement which requires disclosure to the market at this time and the Company is in compliance with the listing rules and, in particular, listing rule 3.1.

Yours sincerely

MARK BALFOUR Director

27 July 2007

Mark Balfour Director Richfield Group Limited Suite 2 Level 10 3 Spring Street Sydney NSW

ASX Limited ABN 98 008 624 691 Level 8 Exchange Plaza 2 The Esplanade Perth WA 6000

GPO Box D187 Perth WA 6840

Telephone 51 08 9224 0001 Facsimile 61 08 9221 2020 Internet http://www.asx.com.au

By Facsimile: 02 9256 8810

Dear Mark

Richfield Group Limited (the "Company")

RE: PRICE QUERY

We have noted a change in the price of the Company's securities from \$0.007 on 26 July 2007 to \$0.013 today. We have also noted an increase in the volume of trading in the securities over this period.

In light of the price change and increase in volume, please respond to each of the following questions.

$1₁$ Is the Company aware of any information concerning it that has not been announced which, if known. could be an explanation for recent trading in the securities of the Company?

In answering this question please address the recent press reports about

$2.$ If the answer to question 1 is yes, can an announcement be made immediately? If not, why not and when is it expected that an announcement will be made?

Please note, if the answer to question 1 is yes and an announcement cannot be made immediately, you need to contact us to discuss this and you need to consider a trading halt (see below).

• 1. Is there any other explanation that the Company may have for the price change and increase in volume in the securities of the Company?
• $\overline{4}$ . Please confirm that the Company is in compliance with the listing rules and, in particular, listing rule 3.1,

Your response should be sent to me by e-mail at james.rowe@asx.com.au or by facsimile on facsimile number 08 9221 2020. It should not be sent to the Company Announcements Office.

Unless the information is required immediately under listing rule 3.1, a response is requested as soon as possible and, in any event, no later than 5pm WST on Friday, 27 July 2007.).

$\frac{\sqrt{2}}{2}$ Under listing rule 18.7A, a copy of this query and your response will be released to the market, so your response should be in a suitable form and separately address each of the questions asked. If you have any queries or concerns, please contact me immediately.

Listing rule 3.1

Listing rule 3.1 requires an entity to give ASX immediately any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity's securities. The exceptions to this requirement are set out in listing rule 3.1A.

In responding to this letter you should consult listing rule 3.1 and Guidance Note 8 - Continuous Disclosure: listing rule 3.1.

If the information requested by this letter is information required to be given to ASX under listing rule 3.1 your obligation is to disclose the information immediately.

Your responsibility under listing rule 3.1 is not confined to, or necessarily satisfied by, answering the questions set out in this letter.

Trading halt

If you are unable to respond by the time requested, or if the answer to question 1 is yes and an announcement cannot be made immediately, you should consider a request for a trading halt in the Company's securities. As set out in listing rule 17.1 and Guidance Note 16 – Trading Halts we may grant a trading halt at your request. We may require the request to be in writing. We are not required to act on your request. You must tell us each of the following.

• $\bullet$ The reasons for the trading halt.
• How long you want the trading halt to last.
• The event you expect to happen that will end the trading halt.
• That you are not aware of any reason why the trading halt should not be granted.
• Any other information necessary to inform the market about the trading halt, or that we ask for.

The trading halt cannot extend past the commencement of normal trading on the second day after the day on which it is granted. If a trading halt is requested and granted and you are still unable to reply to this letter before the commencement of trading, suspension from quotation would normally be imposed by us from the commencement of trading if not previously requested by you. The same applies if you have requested a trading halt because you are unable to release information to the market, and are still unable to do so before the commencement of trading.

If you have any queries regarding any of the above, please let me know.

You'rs sincerely. James Rowe Wànager, Issuers (Perth) Direct Line: 08 9224 0001