Richview Resources Inc. Completes $870,000 Private Placement

Toronto, Canada (January 3, 2007) – Richview Resources Inc. (“Richview”) (TSX:RVR) is pleased to announce that it has completed a private placement for gross proceeds of $870,000 through the sale of 3,480,000 flow-through units at an issue price of $0.25 per unit.

Each unit consists of one flow-through common share and one-half non flowthrough common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one additional non flow-through common share at an exercise price of $0.50 for a period of two years following the closing date.

All securities issued pursuant to the private placement will be subject to a four month hold period following the closing date.

Richview paid a finder’s fee in respect of the private placement in the amount of $69,600, being 8% of the gross proceeds raised pursuant to the private placement.