Riverstone Resources Inc.

Riverstone Resources Inc.

May 06, 2010 09:30 ET

Riverstone Reports Expansion of Artisanal Workings at Nami

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2010) - Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to report that the artisanal miners active on the Company's Nami discovery have expanded the footprint of their workings to the north. The miners have expanded their activity along the northern and northwestern edge of the Nami site, where a 450 metre by 150 metre area is now the site of new shaft digging. The Company has contracted a third drill to complete a series of RAB (Rotary Air Blast) drill holes further to the north and northwest to evaluate the significance of these new workings. The Company is very encouraged by the fact that there appears to be a significant expansion to the area of artisanal workings already established in the Nami discovery area.

The RAB drilling will be conducted on east-west lines spaced 100 metres apart, with holes at 50 metre centers along the lines. The program will comprise approximately 7,000 metres and cover an area of approximately 800 metres by 850 metres.

Drilling at the Nami site is ongoing with an RC rig following up on the promising results released from the first drilling ever conducted at this site (see NR dated April 21, 2010). These include intercepts of 24 metres grading 5.00 g/t, including 12 metres grading 9.45 g/t in Hole 056, 12 metres grading 4.67 g/t, including 6 metres grading 7.73 g/t in Hole 049, 12 metres grading 2.31 g/t, including 2.0 metres grading 9.54 g/t in Hole 045 and 34 metres grading 1.17 g/t in Hole 046. A diamond drill rig has also been mobilized to Nami, and will commence drilling this week.

"We continue to be pleasantly surprised by the amount of work being done by the artisanal miners at the Nami Site," commented Michael D. McInnis, President and CEO of Riverstone. "Our recent RC drilling has confirmed a large mineralized system with significant high grade intercepts and the footprint of the zone continues to increase in size. This further confirms Nami as an important discovery and any ounces developed here will be accretive to the NI 43-101 gold resource at the Company's adjacent Rambo, Goulagou and Kao deposits."

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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