RIFCO Director Resigns

    RED DEER, AB, Nov. 30 /CNW/ - RIFCO Inc. (TSX.V-RFC) today announced that
Mr. David Mears has resigned effective immediately from the RIFCO Board of
Directors. Mr. Mears will be in a position to provide additional focus to his
other roles including that of President & CEO for Brazalta Resources Corp.
    David has been a director for two years and the board & management want
to thank him for his valuable contribution and wish him well in the future.

    About RIFCO Inc
    RIFCO is a specialty consumer finance corporation currently providing
motorists with non-prime Auto Purchase Financing and mid-market Automotive &
Commercial Repair Financing. RIFCO has a growing network of new & used vehicle
dealers and licensed repair facilities operating in all provinces except
Saskatchewan and Quebec. RIFCO Inc. operates through its wholly owned
subsidiary Repair Industry Finance Corporation.
    The common shares of RIFCO INC. are traded on the TSX Venture Exchange
under the symbol "RFC". RIFCO Inc. has 19.23 million shares outstanding.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release

For further information:

For further information: RIFCO INC.: Lance A. Kadatz, Vice President and
Chief Financial Officer, Telephone: (403) 314-1214 Ext 111, Fax: (403)
314-1132, Email: kadatz@rifco.net, Website: www.rifco.net

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