Richview Resources Inc.

Richview Resources Inc.

July 16, 2008 15:51 ET

Richview Resources Inc. Announces Its 2008 Summer Work Program on the Thierry Mine Property Near Pickle Lake, Ontario and Additional Results From Its Recently Completed Winter Drill Program

TORONTO, ONTARIO--(Marketwire - July 16, 2008) - Richview Resources Inc. (TSX:RVR)("Richview") is pleased to announce the commencement of its 2008 summer work program on the Company's 100% -owned Thierry Mine Property, adjacent to Pickle Lake, ON. The intensive work program includes excavation, geological mapping, prospecting and geochemical sampling. Richview recently completed its 2007 winter drill program, and began its 2008 summer drill program.

Diamond drilling by Forage Orbit Garant Drilling ("Orbit") commenced on May 29, 2008, and has completed the one remaining drillhole from the 2007-2008 winter drilling program, after a brief hiatus due to adverse ground conditions. RV-08-15B intercepted 1.33% copper over a downhole length of 22.6 ft at a vertical depth of 3028 ft on section 10+500E and confirms the presence of the main Thierry ore body at depths exceeding 3000 ft.

The one drill Orbit operation began an aggressive 16 deep drillhole program, which will be assisted by a second Orbit drill to start in August. The 16 drillholes, totalling 17591 m (57700 ft), will target the central and northeastern parts of Thierry Mine deposit at depths ranging from 2500 ft to 4000 ft; proving up the continuity of mineralization at these depths should add significantly to the known resource base of the project. In addition, several historical drillholes will be twinned to prove up pre National Instrument 43-101 ore intercepts which could potentially expand laterally the inferred resource boundary.

Prospecting and geological mapping are high priorities for the summer and will be conducted at both a detailed and reconnaissance level on all areas of the Thierry property. The primary objective of prospecting is to evaluate the property's base metal and gold potential outside of the known deposits on the property. Detailed mapping will be focused on three main areas: the areas adjacent to the east and west open pits, the K1-1 deposit (located east of the Thierry Mine), and the corridor between the Thierry Mine site and the K1-1 deposit, while reconnaissance mapping will cover the outlying G, H, I and J ultramafic bodies.

Successful launching of the prospecting program required the recruitment of additional skilled employees; a complimentary prospecting course was offered by Richview on site at the Thierry Mine, in mid-May. The 5-day course, written and instructed by consulting geologist Eduard Sawitzky, P.Geo., was designed to provide local Mishkeegogamang band members with basic geologic, field navigation and prospecting skills. The course was a success with 9 Mishkeegogamang band members hired on a full-time seasonal basis in prospector, drilling assistants, and other short and long-term positions. The effort put forth by Richview in this endeavour is just one step in forging an ongoing positive relationship between First Nations People and Richview with respect to exploration activities at the Thierry Mine Property, including training and employment, exceeding our projections for the current year with regards to the Memorandum of Understanding between Mishkeegogamang Ojibway First Nation and Richview Resources that was signed April 15, 2008 by Chief Connie Gray-McKay and Richview CEO and President Sol Prizant.

An aggressive excavation program utilizing heavy equipment is clearing a thick overburden zone to expose bedrock along a 3 km corridor of virtually unexplored ground between the Thierry Mine and the K1-1 deposit. The K1-1 deposit lies to the east of the Thierry Mine and along the same structural trend.

Additional access roads have been reopened or newly constructed as part of the longer term plan to support an increase to two or three drills operating in the Thierry - K1-1 zone over the next 6 to 9 months.

Aero Geometrics completed an airborne orthophotographic and digital elevation model (DEM) survey of the Thierry property on May 28, 2008, to provide current imagery and topographic information.

A Mobile Metal Ion (MMI) geochemical orientation survey of the Thierry property will be conducted to determine the attributes (survey areas and geochemical methods) of the main geochemical survey to be conducted later in the summer. This survey will be geared to look for both base metal and precious metal mineralization in key areas of the property.

A detailed structural study conducted by a consulting structural geologist will be undertaken in order to understand the geometry of the Thierry deposit. This is critical for future drill targeting, reserve modeling and determining constraints to mining. This study will include detailed structural field mapping, re-logging drill holes to examine structural features, accumulation of oriented core data, and a review of historical mine data.

Richview has engaged a total of 5 full time geologists with additional field work force of 36 persons in variable functions.

All technical information in this release has been reviewed by Eduard Sawitzky, P.Geo, a Qualified Person as defined in National Instrument 43-101, consulting geologist to Richview.

About Richview

Richview is the sole owner of the past-producing Thierry Mine property in northwestern Ontario, adjacent to the town of Pickle Lake. Richview is a Canadian company committed to the responsible development of natural resources while respecting local environmental, community and social interests.

Some statements in this news release may contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs.

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