EV RESOURCES LTD — Regulatory Filings 2008

Nov 4, 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

5 November 2008

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

Dear Sir/Madam

TOLI TOLI PROJECT - RELEASE OF ASSAY DATA AND DRILLING UPDATE

Richfield Group Limited (ASX:RCH) is please to provide assay results for the interval 197 - 317 metres of drillhole M37 which has been completed to a depth of 404.85 metres at its Toli Toli Project in Indonesia.

The assays have confirmed the continuance of the mineralized sheeted vein system to a downhole depth of 250 metres. The combined intercept for the first 250 metres of hole M37 is as follows:

From 5 to 250 metres: 245 metres @ 0.20 % MoS₂ (0.12% Mo) and 0.26% Re (rhenium)

Including the following intercepts:

From	To	Interval	MoS 2	Mo	Re
(m)	(m)	(m)	(%)	$(\% )$	(ppm)
5	250	245	0.20	0.12	0.26
Including:
8	9	1	0.22	0.13	0.31
12	14	2	1.59	0.96	2.09
39	50	11	0.20	0.12	0.26
59	89	30	0.31	0.19	0.52
96	102	6	0.30	0.18	0.58
104	105	1	0.68	0.41	0.83
110	121	11	0.28	0.17	0.40
128	142	14	0.39	0.24	0.34
147	148	1	0.34	0.20	0.81
161	167	6	0.22	0.13	0.17
184	191	$\overline{7}$	0.62	0.37	0.75
195	197	$\overline{2}$	0.22	0.13	0.20
210	217	7	0.19	0.11	0.21
231	242	11	0.34	0.21	0.67
	TOTAL:	110	0.35	0.21	0.48

From 246 - 333 metres, hole M37 intersected phyllite wallrock and the relative impermeability of this rock type in comparison to the upper clay-sericite-carbonate intrusive has resulted in a lower sub-economic grade of molybdenum mineralization being encountered in this interval. Assays received to 317 metres show an average intercept for the interval 250-317 metres of 67 metres @ 0.04% MoS₂ (0.024% Mo), 0.02% Re. What is significant, however, is the fact that structurally controlled molybdenum mineralisation is showing continuity through the phyllite wallrock, thus increasing the potential width of the main NW trending structurally controlled mineralised zone.

As at 3rd November, the second drillhole M38 had been completed to a depth of 451.75 metres and was being mobilized to the next drill site "B", some 200 metres strike length away from holes M37 and M38 to drill two holes from this site as shown on Figure 1.

Figure 1: Location Plan of Drill Holes M37, M38 and Drill Site "B"

The first hole, M40, will be angled at 45 degrees and will be drilled until the SAFI zone is reached, a maximum length of 200 metres. Subsequent reinterpretation of the geology and previous drilling results seems to suggest that some of the highest molybdenum grades lie in close proximity to the SAFI contact zone. In drill hole M38, high grade molybdenite veining, with a visual mineral content of several percent molybdenite was observed to occur in zones several metres thick at regular intervals of 5-10 metres for up to 100 metres from the SAFI contact zone. Samples from these zones were submitted to the laboratory on 16 and 23 October 2008, with assay results not expected to be received until later this month. The second hole at drill site "B" is designed to test the mineralised zone previously tested by drill holes M30, M14 and M16 so as to get a better indication of the average grade of mineralisation along this section.

A third drillhole, M39, is currently being drilled at the top of the ridge, some 1,000 metres along strike from, and 500 metres vertically above, drill holes M37 and M38 as shown on Plate 1, utilizing a second man portable rig which had been mobilized to site in October. This hole was collared on 23 October 2008 and as of 3 November 2008, had reached a depth of 76.5 metres and was drilling ahead to a target depth of 250 metres. A total of 4 holes are planned in this location. The objective of these four holes is to test the large molybdenumin soil anomaly shown on Figure 2 and to extend the strike length of the main NW trending mineralised zone by a further 350 metres to 1,350 metres.

Plate 1: Aerial view of the main NW trending mineralised zone showing location of initial holes using the second man-portable rig now on site.

Figure 2: Location Plan of the first 4 holes using the second man portable rig.

The Company has issued a Notice of General Meeting which is being held on November 26, 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

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 co and Santos Ltd previously disclosed.