Change of name of nominated adviser

Richland Resources Limited

("Richland" or "the Company") (AIM: RLD)

Change of name of nominated adviser

The Company's nominated adviser and joint broker has changed from Ambrian Partners Limited ("Ambrian") to RFC Group Limited ("RFC Group"), following completion of the acquisition of Ambrian by RFC Group. It should be noted that RFC Group will operate its nominated adviser activities in the UK through Ambrian.

From May 2012, RFC Group will be renamed RFC Ambrian Group Limited and Ambrian will be renamed RFC Ambrian Limited.

END

For more information please contact:

Bernard Olivier

Chief Executive Officer

+61(0) 4089 48182

Willi Boehm

Company Secretary

+61(0) 409 969 955

Nominated Advisor & Broker (AIM)

Ambrian Partners Limited

Samantha Harrison/Jen Boorer

+44 (0) 20 7634 4700

 Joint Broker XCAP Securities PLC

John Grant/Jon Belliss/David Newton

+44 (0) 20 7101 7070

Newgate Threadneedle

Beth Harris/Graham Herring/Richard Gotla

+44 (0)20 7653 9850