Riverside Resources Inc.

Riverside Resources Inc.

October 01, 2007 08:00 ET

Riverside Resources Inc. Appoints Brian Groves as Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2007) -


Riverside Resources Inc. (TSX VENTURE:RRI) is pleased to announce Brian Groves has joined its Board of Directors.

Brian Groves has worked in the Australian and Canadian mining and exploration industries for more than 28 years. A graduate of The University of Sydney, Australia, Mr. Groves began his career in exploration as a geophysicist in Australia. He has been involved in exploration for gold, base metals, and coal with AMAX Minerals and Noranda from Australian and Canadian bases. Most of his professional career has been spent in Canada where he spent 1990 to 2003 with Placer Dome, his final position was Manager of Corporate Development based in Toronto. Following his tenure with Placer Dome, Mr. Groves became President and CEO of Temex Resources Corp., a junior exploration company.

Mr. Groves has also held positions as an officer for Claude Resources and as a Director for Christopher James Gold Corp.

Riverside has granted a total of 50,000 options to purchase capital stock of the company at a price of 80 cents, for a period of five years to Mr. Groves, pursuant to the company's stock option plan. Options granted to directors and officers vest as one-third of the total number of options six months after the date of grant, a further one-third of the total number of options one year after the date of grant, and the remaining one-third of the total number of options 18 months after the date of grant.

"Brian has vast experience in metallic mineral exploration and resource acquisitions. As Riverside rapidly grows and seeks value creating acquisitions, Brian's participation as an Independent Director deepens our Board's expertise in completing high quality acquisitions. Brian's long standing relationships and strong previous experience throughout the resource industry are but a small part of the skills he brings to Riverside in taking on a role with RRI," comments John-Mark Staude, President and CEO of Riverside Resources Inc.

Riverside Resources Inc. is actively exploring in Mexico as well as undertaking a gold exploration program in the Yukon. Riverside is led by an accomplished technical team with more than 60 years of exploration experience that has participated in discoveries which have been converted to mines.

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

Contact Information

  • Riverside Resources Inc.
    John-Mark Staude
    President & CEO
    (778) 327-6671
    (778) 327-6675 (FAX)
    Email: info@rivres.com
    Website: www.rivres.com
    Riverside Resources Inc.
    Warwick Smith
    Director & Manager Media Communications
    (778) 327-6671 (Extn. 316)
    (778) 327-6675 (FAX)
    Email: info@rivres.com
    Website: www.rivres.com