Riverstone Resources Inc.

Riverstone Resources Inc.

March 16, 2010 11:00 ET

Riverstone Defines Large Open Footprint for the Nami Gold Discovery

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 16, 2010) - Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to announce the results from the sampling of the waste dumps at the Nami artisanal site in Burkina Faso, West Africa. The waste dumps comprise material left behind by the artisanal miners after high grading the quartz veins, and they are considered by them to carry no gold grade. The size of the mineralized footprint, as defined by the 0.3 gpt contour, is 500 metres by 300 metres. The zone is open for extension to the northwest, southwest and southeast. The average of all samples greater than 0.3 g/t is 1.36 g/t with a high of 8.6 g/t (Link to map: http://www.riverstoneresources.com/i/maps/Rambo_NASDS.jpg).

"We are very pleased with the results from the waste dump sampling," commented M.D. McInnis, President and CEO of RVS. "We knew from our sampling of the quartz veins and quartz breccias that they carry exceptionally high values of gold but we had very little information on the gold content of the host rock surrounding the quartz bearing material. The average grade of 1.36 g/t returned from the waste dump material certainly exceeded our expectations and is a very positive development for the project."

The Nami artisanal site is part of the Company's Karma gold project. The site comprises several hundred 1 metre by 1 metre vertical shafts that have been dug by the artisinal miners to depths of up to 60 metres. Quartz bearing material from the shafts is separated by hand by the miners and the waste rock is piled adjacent to the shafts. Previous sampling by the Company of the quartz bearing rock returned numerous values in excess of 10 g/t gold with a high of 98 g/t. (See News Release dated Jan. 18 and Feb 23, 2010). These high grade values should elevate the average grade of the Nami site to a value well in excess of the 1.36 g/t background value defined by the dump sampling.

Sampling of the waste dumps was carried out by establishing a 25 metre by 25 metre grid over the entire artisanal site. At each sample site a 10 to 13 kg sample was collected randomly from the waste dumps nearest the sample site.

The Company maintains a rigorous quality control program involving the use of repeat assays, inserted blanks, and the use of certified standards from an accredited Canadian laboratory. All rock samples were assayed using standard fire assay with atomic absorption techniques, with samples grading in excess of 2.00 g/t gold re-assayed with a gravimetric finish, at the independent Abilab Burkina SARL laboratories in Ouagadougou, Burkina Faso, which is part of the ALS Chemex group.

Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive portfolio of six high quality exploration permits covering 2,300 square kilometres. For further information about the company and its activities, please refer to the company's website at www.riverstoneresources.com and under the Company's profile at www.sedar.com.


Michael D. McInnis, P. Eng., President & CEO

Paul G. Anderson, P. Geo. is a Qualified Person for RVS and has reviewed and approved the contents of this release.

Certain statements made and information contained in this news release and elsewhere constitutes "forward-looking information" within the meaning of the Ontario Securities Act. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters and surface access, labour disputes, the potential for delays in exploration activities, the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described under Risk Factors in each management discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour and that the political environment within Burkina Faso will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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