Riverstone Resources Inc.

Riverstone Resources Inc.

January 16, 2008 12:17 ET

Riverstone Hits High-Grade Gold at Yaramoko in First Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 16, 2008) - Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to report impressive results from the initial drill program on its Yaramoko Exploration Permit in Burkina Faso, West Africa. Results include a 14 metre thick intersection of 2.04 g/t gold in Hole 015 and 6.0 metres of 11.88 g/t gold in Hole 022, confirming the high-grade gold nature of a series of quartz veins that have been traced on surface for approximately 6 kilometres. The Yaramoko permit is adjacent to and contains the strike extension of the belt of rocks that host Semafo's Mana Gold Mine.

M.D. McInnis, President of Riverstone, commented, "We are extremely pleased with the results of this initial drill program which returned values comparable to the high-grade values we received from our surface rock chip sampling program (see News Release dated October 1, 2007). The Company now has another quality property on which to build gold ounces, in addition to the growing gold resource at the Goulagou-Rambo-Kao project."

The Yaramoko permit is south of and contiguous to Semafo's Mana Gold Mine, which is set to enter production in February of 2008. Semafo reports 902,900 ounces of proven and probable gold reserves, plus an additional 301,700 ounces of measured and indicated and 444,800 ounces of inferred gold resources. The Mana Mine is being developed on a series of high-grade gold veins, similar to those at Yaramoko.

This initial drill program at Yaramoko comprised 2,000 metres in 22 drill holes in three discrete areas. All holes were drilled at -55 degrees. Intervals reported are drilled intercepts, which may not represent true widths of the mineralized zones. To view the map accompanying this press release please click on the following link: http://www.ccnmatthews.com/docs/Riverstone%20Yaramoko%20Map.pdf

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

YRM-07-RC-003 54 58 4 3.43

YRM-07-RC-005 128 130 2 1.91

YRM-07-RC-006 110 116 6 1.58

YRM-07-RC-010 38 42 4 3.18

YRM-07-RC-015 50 64 14 2.04

YRM-07-RC-017 42 44 2 14.82

YRM-07-RC-018 82 90 8 1.93

YRM-07-RC-019 0 2 2 1.46
and including 64 66 2 2.10

YRM-07-RC-020 30 32 2 1.09
and including 42 48 6 1.56

YRM-07-RC-021 44 46 2 1.36
and including 56 60 4 4.30

YRM-07-RC-022 8 10 2 3.46
and including 58 64 6 11.88

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, and higher grade samples assayed again using metallic screens, 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.

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

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