Richview Resources Inc.
TSX VENTURE : RVR

Richview Resources Inc.

December 01, 2006 18:18 ET

Richview Resources Inc.: News Release

TORONTO, ONTARIO--(CCNMatthews - Dec. 1, 2006) - Richview Resources Inc. ("Richview") (TSX VENTURE:RVR) pursuant to the ongoing corporate disclosure review by the Ontario Securities Commission, Richview is re-filing the following documents and related certificates:

- MD&A for the period ended December 31, 2004;

- MD&A for the quarter ended March 31, 2005;

- MD&A for the quarter ended June 30, 2005;

- MD&A for the quarter ended September 30, 2005; and

- MD&A for the period ended December 31, 2005.

While readers are advised to read the above-mentioned re-filed documents in their entirety, the principal amendments reflected in such documents are as follows:

- to comply with NI 51-102 Continuous Disclosure Obligations;

- clarification of the nature and type of interest in various exploration properties;

- additional disclosures relating to costs, expenses and trend analysis;

- together with additional background information concerning the same; and

- clarification of certain related party transactions.

The majority of the amendments represent clarifications to historical disclosure, which arose during the continuing disclosure review process. The above-noted documents are being re-filed in order to comply with NI 51-102.

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. Richview is also proceeding with surface exploration and evaluation of it 75% owned Pickle Crow gold property.

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.


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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