TORONTO, ONTARIO--(MARKET WIRE)--May 21, 2008 -- Richview Resources Inc. ("Richview") (Toronto:RVR.TO - News) is pleased to announce that it has completed a non-brokered private placement for gross proceeds of $660,000 through the sale of 6,000,000 flow-through units at an issue price of $0.11 per unit to the MineralFields Group.

Each unit consists of one flow-through common share and one half of one non flow-through 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 $0.25 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 $33,000, being 5% of the gross proceeds raised pursuant to the private placement. Richview also issued 480,000 compensation options, each option exercisable at $0.11 and entitling the holder to purchase one unit consisting of one non flow-through common share and one half of one common share purchase warrant exercisable at $0.25. The compensation option will expire 2 years from the date of issue.

About Richview

Richview is the sole owner of the past-producing Thierry Mine property in north-western Ontario, adjacent to the town of Pickle Lake. Richview is a Canadian company committed to responsible development of natural resources while respecting local environmental, community and social interests.

About MineralFields, Pathway and First Canadian Securities®

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities®, a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.

Neither the Toronto Stock Exchange nor any other securities regulatory authority has reviewed or accepted responsibility for the accuracy or adequacy of this news release.

     Contacts:
     Richview Resources Inc.
     Sol Prizant
     CEO and President
     (416) 703-5435
     Email: info@richviewresources.com
     Website: http://www.richviewresources.com