Richview Resources Inc.
TSX VENTURE : RVR

Richview Resources Inc.

January 25, 2006 16:30 ET

Richview Resources Receives Encouraging Drilling Results at its Thierry Mine Property, Pickle Lake, Ontario

TORONTO, ONTARIO--(CCNMatthews - Jan. 25, 2006) - Richview Resources Inc. ("Richview") (TSX VENTURE:RVR) announces encouraging results from its 2004 drilling program at its 100% owned Thierry Mine property located in Pickle Lake, Ontario (the "Thierry Mine"). This material includes and updates information released in an earlier press release June 12, 2005.

Richview completed 32,347 feet of diamond drilling in 15 holes to test the main structural feature in the vicinity of the mine. The focus of the drill program is the "CBS Shear" - a chlorite/biotite bearing schist which hosts the bulk of the mineralization. In addition, significant chalcopyrite and pyrhotite mineralization has been noted in fractured and brecciated mafic volcanics outside of this main shear. The CBS Shear zone has been traced for over a 6 km strike length east and west of the Thierry Mine trending in a NE/SW direction. It varies in thickness from 10-90 feet and dips between 50 and 55 degrees in the vicinity of the mine and steepens to 70 degrees in the east.

High-grade mineralized intersections from the program include:

- 6.85% Cu and 0.43% Ni over 10.2 metres in hole PGM-04-51

- 9.66% Cu and 0.46% Ni over 5.1 metres in hole PGM-04-51

- 3.84% Cu and 0.03% Ni over 4.8 metres in hole PGM-04-34

- 11.55% Cu and 0.56% Ni over 1 metre in hole PGM-04-29

In addition to the copper and nickel values, the mineralization also contains measurable amounts of Platinum, Palladium, Gold and Silver ("PGM's"). Additional work is required to assess the economic impact of these metals.

The sampling and assay programme was designed to validate the previous drilling and sampling undertaken by the previous operator Union Miniere Exploration and Mining Corporation during the period 1978 to 1982 when the mine was operational.

The results of the 2004 program demonstrate the mineralized zones are continuous along a 6,000 foot strike length to depths of up to 3,000 feet and widths up to 125 feet.

Work Program

The company is highly encouraged by the positive results obtained from this drilling program at the Thierry Mine. The initial results indicate the potential for extending the mineralization and delineating higher-grade zones, which could be mined.

In conjunction with a second phase of core drilling, Richview will conduct a detailed re-interpretation of all the existing data to redefine the known mineralized zones with an emphasis on defining other targets which indicate the potential for the presence of other significant previously unknown mineralized zones. In addition, detailed evaluation of the relationships between the economic minerals (copper, nickel, and PGM's) is being undertaken. All the data is being digitized in preparation for a resource estimate that is expected to be available within the next 10 days.

Quality Control

All analytical results reported herein are from samples collected during the logging process of the drill core as conducted by: Brian Newton (B.Sc.), James Burns (P.Eng.), Howard Lahti (Ph.D.), and Neil Willoughby (B.Sc.), all of whom are "Qualified Persons" as defined by National Instrument 43-101.

All mineralized sections were cut in half by a diamond core saw at the Thierry Mine property. One half was individually bagged and sealed in 10x16 inch plastic bags. Several individually bagged samples were placed in plastic rice sacks that were sealed with a numbered security tag. These samples were shipped by courier to the ALS Chemex sample preparation facility in Thunder Bay, Ontario. The remaining half of the core has been stored in core racks on site.

After being crushed and split the samples were sent via bonded air carrier to the ALS Chemex Laboratory in Vancouver, British Columbia. The samples were analysed by fire assay using a 30g aliquot with a finish of inductively coupled plasma spectroscopy (ICP) for platinum, palladium and gold. Copper, nickel and cobalt analyses are carried out as part of a 64 element ICP analysis. Assays of copper and nickel above 10,000 ppm are re-assayed. Analysis for mercury is carried out using cold vapour atomic absorption analysis.

Additional Information

The full table of drilling results is attached to this 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.



Diamond Drill Hole Locations

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Hole # Location Location Dip Azimuth Total Length Comments
X Y (Deg) (Deg) (Ft)
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PGM-04-26 L98+00E 12+245 N -73 127 2319.6
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PGM-04-27 L99+50E 12+344N -73 126 2103
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PGM-04-28 L10+373E 12+281N -70 127 2280.2
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PGM-04-29 L10+350E 13+325N -74 118 3169.7
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PGM-04-30 L10+500E 12+285N -66 127 2250.6
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PGM-04-31 L10+500E 13+234N -66 120 2729.6
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PGM-04-32 L10+650E 12+223N -66 127 2151.2
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PGM-04-33 L10+800E 12+132N -65 128 1922.5
---------------------------------------------------------------------
PGM_04-34 L11+00E 13+124N -60 120 2613.6
---------------------------------------------------------------------
PGM-04-36 L11+00E 13+719N -60 116 1672.3 Not
Completed
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PGM-04-37 L11+325E 13+377N -60 117 2854
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PGM-04-48 L10+500E 12+600N -60 120 1916
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PGM-04-49 L98+50E 12+234N -60 127 808 Hole
lost in
bad
ground
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PGM-05-50 L10+600E 12+233N -60 127 1735
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PGM-05-51 L98+92E 12+005N -70 127 1822
---------------------------------------------------------------------


Mineralized Intersections

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Drillhole From To Inter- Cu% Ni% Zn% Pt Pd Au Ag
# (ft) (ft) val ppm ppm g/t g/t
(ft)
----------------------------------------------------------------------
PGM-04-26 1797 1815.6 18.6 1.2 .05 .05 .03 .15 6.7
----------------------------------------------------------------------
1825.5 1838.9 13.4 .25 .014 .016 .03 .04 2.7
----------------------------------------------------------------------
2056.4 2064.4 8 .46 .014 .31 .09 .07 4.7
----------------------------------------------------------------------
2122.1 2135.7 13.6 .73 .03 .09 .04 .06 4
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-04-27 510.6 524.2 13.6 1.62 4.5
----------------------------------------------------------------------
1791.8 1828.8 37 .7 .09 .06 .14 .06 5.1
----------------------------------------------------------------------
Includ- 1814.9 1826.1 11.2 1.5 .07 .08 .13 .11 11.9
ing
----------------------------------------------------------------------
1861.2 1881.5 20.3 1.17 .11 .08 .31 .13 13.7
----------------------------------------------------------------------
2056.3 2060.2 3.9 .58 .03 .37 .55 .11 5.5
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-04-28 1581.4 1596.2 14.8 .4 .008 .01 .03 .04 4.6
----------------------------------------------------------------------
1679 1685.5 6.5 .9 .015 .25 .08 .12 5.3
----------------------------------------------------------------------
1737.7 1775 37.3 2.21 .25 .9 1.4 .21 12.2
----------------------------------------------------------------------
1787.4 1839 51.6 2.05 .2 .19 .57 .16 12.8
----------------------------------------------------------------------
1919.3 1926.8 7.5 .59 .07 .38 .79 .75 6.1
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-04-29 1737.2 1740.9 4.2 .375
----------------------------------------------------------------------
2771.9 2774.3 2.4 1.81 .07 .042 .097 .14 7.2
----------------------------------------------------------------------
2808.7 2811.6 2.9 1.27 .05 4.23 1.25 .22 17.3
----------------------------------------------------------------------
2836.5 2837.5 1 11.55 .56 5.77 3.46 .55 96
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-04-30 627.5 636.1 8.5 .07
----------------------------------------------------------------------
1695.7 1727.1 31.4 1.52 .29 .28 1.88 .27 9.5
----------------------------------------------------------------------
Including 1710 1724.3 14.3 1.85 .28 .33 1.59 .43 11.3
----------------------------------------------------------------------
1752 1788.4 36.4 .61 .08 .07 .26 .04 4.3
----------------------------------------------------------------------
1788.4 1815 26.6 1.75 .24 .2 .65 .15 14.9
----------------------------------------------------------------------
PGM-04-31 1496.5 1524.4 27.9 .16
----------------------------------------------------------------------
2605 2631.8 26.8 2.17 .18 .21 .534 .39 15.6
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-04-32 1716.3 1753.6 37.3 1.44 .17 .14 .59 .11 11.2
----------------------------------------------------------------------
1785.6 1797.4 11.8 1.15 .25 .19 .55 .12 7.5
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-04-33 1628.6 1655.5 26.9 1.35 .15 .22 .06 .13 8.6
----------------------------------------------------------------------
Including 1646.8 1655.5 8.7 2.15 .18 .15 .64 .11 13.5
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-04-34 1438.5 1440.3 1.8 .07
----------------------------------------------------------------------
2487.3 2500.2 12.9 1.04 .19 .14 .42 .12 7.7
----------------------------------------------------------------------
2526.8 2531.6 4.8 3.84 .03 less .009 .297 19.4
than
.005
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-04-37 1743.8 1750.1 6.3 .62
----------------------------------------------------------------------
2711 2739.5 28.5 1.87 .16 .34 .61 .14 13
----------------------------------------------------------------------
Including 2727.2 2739.5 12.3 2.12 .17 .18 .32 .16 16.1
----------------------------------------------------------------------
2766 2779.8 13.8 1.06 .14 .23 .061 .14 13
----------------------------------------------------------------------
2796.6 2801.3 4.3 1.09 .016 .16 .03 .03 7.1
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-04-48 816.9 823.9 7 .175
----------------------------------------------------------------------
1699.3 1700.5 1.2 4.15 .06 .009 .09 .26 53.3
----------------------------------------------------------------------
1849.5 1853.5 4 .95 .14 .43 .76 .05 6.5
----------------------------------------------------------------------
1861.4 1882.2 20.8 .29 .2 .26 .72 .03 1.93
----------------------------------------------------------------------
1907 1910 3 .45 .2 .24 .67 .04 2.9
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-04-49 367.1 377 9.9 .12
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-05-50 503 505 2 .16
----------------------------------------------------------------------
1401.9 1405.2 3.3 1.37 .01 .013 .14 .17 22.8
----------------------------------------------------------------------
1430.9 1432 1.7 1.45 .24 .195 .59 .22 8.6
----------------------------------------------------------------------
1569.2 1586.4 17.2 1.45 .36 .14 .54 .19 10.1
----------------------------------------------------------------------

----------------------------------------------------------------------
PGM-04-51 191.5 212.5 21 .25
----------------------------------------------------------------------
Including 208 212.5 4.5 .7
----------------------------------------------------------------------
1463.5 1465.5 2.1 1.251 .04 .13 .39 25.7
----------------------------------------------------------------------
1473.6 1480 6.4 1.49 .09 .08 .22 9.7
----------------------------------------------------------------------
1548.5 1553.6 5.1 9.66 .46 .54 1.54 64.7
----------------------------------------------------------------------
1571.5 1593.5 22 3.42 .27 .16 .92 .28 21
----------------------------------------------------------------------
Including 1584.6 1593.5 10.2 6.85 .43 .022 .245 1.57 .33 34.8
----------------------------------------------------------------------
1748 1753.6 5.6 1.39 .76 .41 1.045 .09 15.5
----------------------------------------------------------------------

Issued Capital: 63,777,350 Common Shares



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