Mots clés associés : Canada | Copper | Nickel |

March 12, 2008

Richview Resources - Press Release

eResearch Confirms $0.50 Target Price on Richview Resources Inc

TORONTO, ONTARIO, Mar 12, 2008

Recent drill results from the Thierry copper-nickel mine returned significant copper grades over wide widths. A preliminary economic assessment, which is expected in Q2/08, should shed further light on the mine's prospects.

Richview Resources Inc. (RVR: TSX) is a mineral exploration and development company, focused mainly on developing to production the former Thierry copper-nickel-platinum group metals (PGM) mine in the Patricia Mining District in northwestern Ontario. The Company also holds, through joint ventures or earn-ins, interests in other properties in Ontario's prolific gold mining district.

Drilling at Thierry began last summer after extensive de-watering and improvements. While it is too early to assess the success of the program - the two drills will continue to turn through the summer of 2008 - the results bode well for Richview's efforts to locate the extension of the existing resources.

Although the Company may need to tap the capital markets later this year, it has sufficient funds on hand to meet its immediate capex requirements.

We continue to recommend Richview Resources as a Speculative Buy, with a Target Price of $0.50. The shares are considered to be highly speculative.

This Press Release was prepared by eResearch and was not vetted by Richview Resources Inc. Further, the Recommendation and Target Price contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Richview Resources Inc.

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Richview Resources Inc. paid eResearch a fee of $18,500 + GST to conduct research on the Company, on an Annual Continuous Coverage basis.

For FREE access to all eResearch reports and articles, go to www.eresearch.ca.

SOURCE: eResearch

eResearch Bob Weir, CFA Director of Research (416) 643-7643 Email: bweir@eresearch.ca Website: www.eresearch.ca

CONTACT INFORMATION

Corporate Inquiries
Gary Cilevitz
CFO Richview Resources
416 703-5435
Email: info@richviewresources.com

Investor Relations
AGORACOM Investor Relations
http://www.agoracom.com/IR/Richview
RVR@agoracom.com

FEATURED LINKS

Richview Resources Web Site

Richview Resources IR HUB

Richview Resources Inc.

	EXPLORATEUR
	CODE : RVR.TO

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Richview Resources Inc. est une société d’exploration minière d'or et de cuivre basée au Canada.

Richview Resources Inc. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont THIERRY et PICKLE LAKE au Canada.

Richview Resources Inc. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,3 millions CA$ (4,3 millions US$, 3,0 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 0,24 CA$, et son plus bas niveau récent le 02 octobre 2009 à 0,02 CA$.

Richview Resources Inc. possède 143 046 000 actions en circulation.

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
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