Riverstone Resources Inc.

Riverstone Resources Inc.

January 09, 2008 11:48 ET

Riverstone Doubles Size of Main Gold Zone at Kao

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2008) - Riverstone Resources Inc. (the "Company") (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to report final results from the Phase 3 drill program recently completed on its Kao Exploration Permit in Burkina Faso, West Africa. The Phase 3 reverse circulation ("RC") drilling has doubled the size of the large, near surface gold-bearing system that was discovered in the Phase 1 drilling program. The Kao Main zone is now 600 metres long, averages approximately 300 metres in width and is open for expansion in several directions.

M.D. McInnis, President of Riverstone commented, "We are extremely pleased with the results of Phase 3 drilling. We are delineating a substantial gold zone, which will add to the known gold resource on our adjacent Goulagou property. We are confident that further work in 2008 on the Kao, Goulagou and contiguous Rambo permits will result in a cumulative gold resource in all categories in excess of 1,000,000 ounces of gold."

New results include a 28 metre thick intersection of 1.42 grams per tonne (g/t) gold in Hole 092, including 10 metres of 2.78 g/t gold. Additional selected gold intercepts include 10 metres of 1.62 g/t gold and 18 metres of 1.15 g/t gold in Hole 094, as shown in the table of results below and on the attached sketch.

The Kao permit is contiguous with the Company's Rambo and Goulagou permits. The Goulagou permit is held by the Company under an option to purchase, and previous work has identified a NI 43-101 compliant indicated resource of 280,000 ounces of gold at a grade of 1.70 g/t and a further inferred resource of 270,000 ounces of gold at a grade of 1.49 g/t (see News Release dated October 11, 2007).

The Phase 3 drill program at Kao comprised 5,703 metres in 57 drill holes. Previously reported results (see News Releases dated November 15 and December 12, 2007) are shown in the table below. All holes were drilled at -60 degrees. Intervals reported are drilled intercepts, which may not represent true widths of the mineralized zones.

Hole From To Hole Interval Grade
Number (metres) (metres) (metres) (g/t Au)

KAO-07-RC-062 0 100 100 1.36
including 6 70 64 2.00

KAO-07-RC-063 44 70 26 1.77

KAO-07-RC-068 70 96 26 2.05

KAO-07-RC-069 46 68 22 1.79

KAO-07-RC-070 14 38 24 1.73

KAO-07-RC-075 12 22 10 2.80

KAO-07-RC-076 22 40 18 2.22

KAO-07-RC-079 88 98 10 7.82

KAO-07-RC-085 20 42 22 1.06

KAO-07-RC-088 54 64 10 1.93

Highlights of holes 090 to 099 are reported in the table below. All holes were drilled at -60 degrees. Intervals reported are drilled intercepts, which may not represent true widths of the mineralized zones.

Hole From To Hole Interval Grade
Number (metres) (metres) (metres) (g/t Au)

KAO-07-RC-090 88 90 2 1.42

KAO-07-RC-092 12 40 28 1.42
or including 24 34 10 2.78

KAO-07-RC-093 24 28 4 1.29
and 46 50 4 2.07

KAO-07-RC-094 24 34 10 1.62
and 50 68 18 1.15
or including 62 68 6 1.61

KAO-07-RC-095 60 68 8 1.51

KAO-07-RC-098 60 66 6 1.19

KAO-07-RC-099 34 36 2 1.08

The Phase 3 drill program was designed to extend and infill drill a 300 metre by 300 metre portion of the permit area now called the Kao Main Zone, which had been identified in previous RC drill programs in 2007. The main axis of the Kao Main Zone is now 600 metres long, and it remains open in several directions, particularly to the north and northwest. It is also open below 85 metres vertical depth. In addition, a separate gold zone appears to be developing in the vicinity of Hole 008, which assayed 21.46 g/t gold over 2 metres within a much wider lower grade gold zone. There is a strong possibility that other gold zones can be developed on the property, as the Kao Main Zone lies within a strong, 4 kilometre long gold-in-soils anomaly that is virtually untested.

The Company maintains a rigorous quality control program involving the use of repeat assays, check assays at independent labs, inserted blanks, and the use of verifiable standards from an accredited Canadian laboratory. All RC 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 high quality exploration permits. 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., CEO & President

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.

To view the map that is attached to this press release please click on the following link: http://www.ccnmatthews.com/docs/0108rvs.jpg

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