Richview Resources Inc.

Richview Resources Inc.

February 06, 2006 09:00 ET

Richview Resources Graduates to Tier 1 Listing on TSX Venture Exchange

TORONTO, ONTARIO--(CCNMatthews - Feb. 6, 2006) - Richview Resources Inc. ("Richview") (TSX VENTURE:RVR) is pleased to announce that it has graduated to a Tier 1 listing on the TSX Venture Exchange (the "Exchange") effective Monday, February 6, 2006.

The Exchange approved Richview's graduation to Tier 1 on the basis that the company's Thierry Mine property satisfies the Exchange's minimum listing requirements for a Tier 1 Mining Issuer and that Richview is now the 100% legal and beneficial owner of the mining interests which constitute the Thierry Mine property.

The Thierry Mine property is located 450 kilometers northwest of Thunder Bay, Ontario, 12 km west-northwest of the town of Pickle Lake. The property is comprised of 26 mining leases, totaling 11,216 acres (4,539 hectares) located in Dona Lake, Ponsford Lake, Tarp Lake and Kapkichi Lake areas in the Patricia Mining District, Ontario. In addition there are six unpatented contiguous claims totaling 74-16 hectare units.

As a result of the graduation to Tier 1, common shares held by Richview's Principals and previously deposited in escrow under escrow agreements will be governed by the release provisions of a Tier 1 Value Escrow.

Richview also announced today that it has granted an aggregate of 5,250,000 incentive stock options under Richview's Stock Option Plan to certain directors and senior officers of Richview. Each option entitles the holder to acquire one common share at a price of $0.35 per share. The options and any common shares issued upon their due exercise will be subject to a four-month hold expiring May 27, 2006. The granting of the options is subject to regulatory acceptance of applicable filings.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.

Issued Capital: 63,777,350 Common Shares

Neither the TSX Venture Exchange, nor any other securities regulatory authority has approved or disapproved of the contents of this news release.

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