eResearch

eResearch

March 12, 2008 12:54 ET

eResearch Confirms $0.50 Target Price on Richview Resources Inc.

TORONTO, ONTARIO--(Marketwire - March 12, 2008) - Recent drill results from the Thierry copper-nickel mine returned significant copper grades over wide widths. A preliminary economic assessment, which is expected in Q2/08, should shed further light on the mine's prospects.

Richview Resources Inc. is a mineral exploration and development company, focused mainly on developing to production the former Thierry copper-nickel-platinum group metals (PGM) mine in the Patricia Mining District in northwestern Ontario. The Company also holds, through joint ventures or earn-ins, interests in other properties in Ontario's prolific gold mining district.

Drilling at Thierry began last summer after extensive de-watering and improvements. While it is too early to assess the success of the program - the two drills will continue to turn through the summer of 2008 - the results bode well for Richview's efforts to locate the extension of the existing resources.

Although the Company may need to tap the capital markets later this year, it has sufficient funds on hand to meet its immediate capex requirements.

We continue to recommend Richview Resources as a Speculative Buy, with a Target Price of $0.50. The shares are considered to be highly speculative.

This Press Release was prepared by eResearch and was not vetted by Richview Resources Inc. Further, the Recommendation and Target Price contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Richview Resources Inc.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Richview Resources Inc. paid eResearch a fee of $18,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

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