EV RESOURCES LTD — Regulatory Filings 2008

Oct 13, 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

14 October 2008

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

Dear Sir/Madam

HIGH GRADE MOLYBDENITE VEINING INTERSECTED IN DRILLHOLE M38

• As at 0900am on 12 October, 2008, Drillhole M38 was at a depth of 328 metres and drilling towards a target depth of 400 metres.

• The hole drilled out of the thick zone of SAFI (silica altered fractured intrusive) at approximately 225 metres has continued to intersect an alternating sequence of silicified and potassic altered quartz monzonite, high grade molybdenite veining at high angles to core axis and clay-carbonate altered quartz monzonite with stockwork molybdenite mineralisation.

• The high grade molybdenite veining occurs in zones several metres thick with an estimated average grade in excess of several percent MoS2. These high grade zones occur at regular intervals of 5-10 metres from 225 metres until the current depth. Examples of this high grade molybdenite mineralisation are shown on the accompanying Plates 1-5.

• The company is still awaiting the assay results for the interval 197-404.85 metres in Drillhole M37.

• A smaller, man portable drilling rig capable of drilling to depths of 250 metres in HQ core size was mobilized from Balikpapan this morning and is expected to be lifted into the site by week’s end.

• This second rig will be used to drill a series of holes at the top of the main ridge (Plate 11), at an elevation of approximately 500 metres vertically above the collar of the current hole at Nancy Camp (Plate 12) , before moving 100 metres vertically down the ridge to test the zones of high grade mineralisation previously intersected in Drillholes M19 (18 m @ 0.68% MoS2); M21 (9m @ 1.43% MoS2) and M24 (12m @ 1.68% MoS2).

2

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Plate 1: Drillhole M38, 238m – 245m

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Plate 2: Drillhole M38, 241m Sample

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Plates 3 & 4: Core Samples

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Plate 5: Drillhole M38, 268m – 275m

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Plate 6: Core Samples

3

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Plates 7 & 8: Core Samples

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Plate 11: Overview of Anomaly B

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Plate 12: Nancy Camp as at 29 September 2008

The Company intends to issue a Notice of General Meeting this week, 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. It is anticipated that this will be held in mid to late November 2008.

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 context in which it appears, and in particular to the results of historical exploration carried out by Rio Tinto and Santos Ltd previously disclosed.