EV RESOURCES LTD — Regulatory Filings 2008

Nov 20, 2008

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005.

Name of entity

RICHFIELD GROUP LIMITED

ABN

66 009 144 503

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

⁺Class of ⁺securities issued or to be $\mathbf{I}$ issued

Ordinary Fully Paid Shares

• Number of ⁺securities issued or to $\overline{2}$ be issued (if known) or maximum number which may be issued
• Principal terms of the ⁺securities (eg, $\overline{3}$ if options, exercise price and expiry date; if partly paid ⁺securities, the amount outstanding and due dates payment; if ⁺convertible for securities, the conversion price and dates for conversion)

40,401,464 fully paid ordinary shares.

Fully paid ordinary shares in the capital of the Company.

⁺ See chapter 19 for defined terms.

Do the ⁺securities rank equally in all $\overline{4}$ Yes respects from the date of allotment with an existing ⁺class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not $\bullet$ rank equally, other than in relation to the next dividend, distribution or interest payment \$0.01 per ordinary share. 5 Issue price or consideration 6 Purpose of the issue To fund working capital requirements (If issued as consideration for the acquisition of assets, clearly identify those assets) $\overline{7}$ Dates of entering ⁺securities into 21 November 2008 uncertificated holdings or despatch of certificates ⁺Class Number Ordinary Shares +class $\sigma f$ 877,641,759 8 Number and all +securities quoted on ASX (including the securities in clause 2 Options expiring 21 234,111,731 if applicable) May 2009

$\overline{9}$ Number and ⁺class of all *securities not quoted on ASX (including the securities in clause 2 if applicable)

+ Class

$10$ Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)

_________ Dividends are payable on these shares as
ordinary shares.

Part 2 - Bonus issue or pro rata issue

11	holder approval security Is. required?	No
12	Is the issue renounceable or non- renounceable?	Non-renounceable
13	Ratio in which the + securities will be offered	One $(1)$ new share for every four $(4)$ ordinary shares held by Australian and New Zealand resident shareholders as at 5.00 pm (EST) on 27 October 2008, at the price of \$0.01 per Share
14	+ Class of + securities to which the offer relates	Fully paid ordinary shares
15	determine +Record date to entitlements	27 October 2008
16	Will holdings on different registers (or subregisters) be aggregated for calculating entitlements?	Yes
17	Policy for deciding entitlements in relation to fractions	Fractional entitlements will be rounded down to the nearest whole number of ordinary shares.
18	Names of countries in which the entity has + security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7.	All countries other than Australia and New Zealand. Shareholders with registered addresses in countries other than Australia and New Zealand are non-qualifying shareholders who will be sent the offer document only for information.
19	of receipt date for Closing acceptances or renunciations	13 November 2008

⁺ See chapter 19 for defined terms.

$\bar{\bar{z}}$

$\bar{\bar{z}}$

20	Names of any underwriters	Transocean Securities Pty Ltd
21	Amount of any underwriting fee or commission	A fee equal to 5% of the gross proceeds of the option issue and a management fee of 1% of the gross proceeds of the option issue $(6\%$ by the total) is payable company to Transocean Securities Pty Ltd
22.	Names of any brokers to the issue	N/A
23	Fee or commission payable to the broker to the issue	N/A
24	Amount of any handling fee payable to brokers who lodge acceptances on behalf of renunciations or *security holders	N/A
25	issue is contingent on If the *security holders' approval, the date of the meeting	N/A
26	Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled	29 October 2008
27	If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders	N/A
28	Date rights trading will begin (if applicable)	N/A
29	Date rights trading will end (if $\vert$ applicable)	N/A
30	How do + security holders sell their entitlements in full through a broker?	N/A
31	How do + security holders sell part of their entitlements through a broker and accept for the balance?	N/A

$+$ See chapter 19 for defined terms.

32 How do ⁺security holders dispose of $N/A$ their entitlements (except by sale through a broker)?

33 +Despatch date 21 November 2008

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

• If the 'securities are 'equity securities, the names of the 20 largest holders of the additional *securities, and the number and percentage of additional *securities held by those holders
• If the ⁺securities are ⁺equity securities, a distribution schedule of the additional *securities setting out the number of holders in the categories $1 - 1,000$
• $1,001 5,000$ $5.001 - 10.000$ $10,001 - 100,000$ 100,001 and over

37

35

36

A copy of any trust deed for the additional +securities

⁺ See chapter 19 for defined terms.

Entities that have ticked box 34(b)

• 38 Number of securities for which ⁺quotation is sought
• 39 Class of ⁺securities for which quotation is sought
• 40 Do the ⁺securities rank equally in all respects from the date of allotment with an existing ⁺class of quoted +securities?

If the additional securities do not rank equally, please state:

• the date from which they do $\bullet$
• the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment
• the extent to which they do not $\bullet$ rank equally, other than in relation to the next dividend, distribution or interest payment
• Reason for request for quotation 41 now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

Number and ⁺class of all ⁺securities 42 quoted on ASX (including the securities in clause 38)

Number	+Class

Ouotation agreement

• $\mathbf{1}$ *Quotation of our additional *securities is in ASX's absolute discretion. ASX may quote the ⁺securities on any conditions it decides.
• $\overline{2}$ We warrant the following to ASX.
• The issue of the ⁺securities to be quoted complies with the law and is not for an illegal purpose.
• There is no reason why those 'securities should not be granted 'quotation.
• An offer of the ⁺securities for sale within 12 months after their issue will not require disclosure under section $707(3)$ or section $1012C(6)$ of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any *securities to be quoted and that no-one has any right to return any *securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the ⁺securities be quoted.
• If we are a trust, we warrant that no person has the right to return the $\bullet$ *securities to be quoted under section 1019B of the Corporations Act at the time that we request that the ⁺securities be quoted.
• We will indemnify ASX to the fullest extent permitted by law in respect of any $\overline{3}$ claim, action or expense arising from or connected with any breach of the warranties in this agreement.
• We give ASX the information and documents required by this form. If any $\overline{4}$ information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Date: .21 November 2008 Sign here: (Secretary)

Print name:

Luke Martino

$== == == == == ==$

⁺ See chapter 19 for defined terms.