Richview Resources Inc.
TSX VENTURE : RVR

Richview Resources Inc.

November 07, 2006 16:10 ET

Richview Resources Inc. Continues Exploration at the Thierry and Pickle Crow Properties

TORONTO, ONTARIO--(CCNMatthews - Nov. 7, 2006) - Richview Resources Inc. ("Richview")(TSX VENTURE:RVR) is pleased to provide an update on its recent exploration programs.

At the Thierry property the Company has been reviewing the available information on the open pit mineralized zones delineated by Union Minere Exploration ("UMEX") in the early 80's. While the drill core from the UMEX drilling in the K 1-1 area is no longer available, the assay and interval data appear complete. A Gemcom model incorporating all available data has found that there are a series of high grade, albeit narrow, copper zones that may be continuous over significant lengths. The study of the nickel values reported in the UMEX drill holes indicates that there is a halo of nickel mineralization grading 0.3% to 1% over considerable widths. Copper mineralization tends to occur as narrow horizons within the Nickel halo.

Richview will utilize the results of this work to plan an exploration program to delineate and upgrade the UMEX historical resources at K1-1 of 75 million tonnes grading 0.38% copper and 0.11% nickel to National Instrument 43-101 standards. This work will also examine the gold and platinum group metal content as these metals occur in the actual Thierry Mine deposit. Two other similarly mineralized zones were also outlined by UMEX (the G and the J) and Richview will be conducting evaluation of these zones.

The Company is continuing with its program for dewatering the Thierry Mine. While Richview has all the necessary permits to undertake this work it requires additional time to discuss the program with potential contractors and to finalize a budget for this work.

Richview increased its holding in the Pickle Crow project to 75% (King's Bay Gold Corporation 25%). The Pickle Crow property is in the Pickle Lake gold camp that maintained gold production from a number of properties between 1934 and 1993 producing 77,800 Kg of gold (approximately 2.4 million oz). Previous exploration on the property includes geophysical surveys, trenching and diamond drilling, including holes drilled in 2004 by King's Bay that had a number of significant gold intersections requiring further evaluation.

Richview has conducted a site evaluation and is continuing to review the drill logs of the 18,000 feet of drill core from previous work that is stored on the property. In addition, approximately 190 samples of drill core have been sent for assay. Some of the samples were taken as assay checks of previous work. Other samples have been taken from sections adjacent to sulfide enriched areas that were not sampled when the core was originally logged. These samples were taken to determine if there were mineralized areas that had been overlooked and also fill gaps between sampled sections to determine additional continuity of the mineralization.

The program is also proceeding to compile all available technical data into a digital data base to enable the Company to facilitate the planning of the next stage of exploration on the property. It is anticipated that this work will be completed before the end of December.

About Richview

Richview Resources is a Tier 1 TSX Venture Exchange Company that is conducting exploration and participating in joint ventures for base metal and gold. The Company's primary property is the copper/nickel Thierry Mine property near Pickle Lake, Ontario. This property was previously mined by Union Minere Exploration Company in the late 1970's and early 1980's. Operations ceased due to the depressed commodity prices prevailing at that time.

Richview has delineated a copper/nickel resource on the Thierry property that also contains economic values of platinum, palladium, gold and silver. The Company is now proceeding with a scoping study to determine the technical feasibility and economic viability of the project. This study will set out the parameters for proceeding with dewatering of the mine, metallurgical studies and conducting underground delineation drilling on extensions of the copper/nickel mineralization. The Company is also proceeding with surface exploration and evaluation of it 75% owned Pickle Crow gold property.

Mike Newbury, P.Eng. is the qualified person as identified by National Instrument 43-101, that has reviewed and verified the technical content of this press release.

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.

This press release is available on the Richview Resources IR HUB for investor commentary, feedback and questions. Investors are asked to visit http://www.agoracom.com/IR/richview . Alternatively, investors are asked to e-mail all questions and correspondence to RVR@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and correspondence directly.

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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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