Riverstone Resources Inc.

Riverstone Resources Inc.

March 04, 2010 11:45 ET

Riverstone Significantly Increases Drill Program on Nami Gold Discovery Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 4, 2010) - Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to announce that it is expanding the drill program on its promising new Nami gold discovery at its Karma Gold Project in Burkina Faso, West Africa. The program is being increased from 3,000 metres to 9,000 metres, based on encouraging results received to date from the recent comprehensive sampling program. A second rig will be added to the program which is expected to commence by mid-March.

"We are obviously pleased with the results we have received to date," commented M.D. McInnis, President and CEO of Riverstone. "The footprint of the mineralized zone is large and we feel that an expanded drilling program is certainly warranted."

The initial sampling program of the Nami site was carried out in December 2009, and the following sampling program was initiated in late January. The follow-up sampling was designed as a more comprehensive program over the area of the artisanal workings. Samples were collected from 212 additional artisanal shafts and from 199 "waste" dumps from the shafts. The dump material consists of material from the shafts after the selective removal of obviously mineralized rock. Dump samples are composites from two or more dumps, collected on a regular 25 metre grid. Sample results from the recent program continue to be received with complete results expected by mid-March and released shortly thereafter.

The Nami artisanal site is located within the Company's Rambo permit, about 4 kilometres north of the Rambo deposit, one of four gold deposits that comprise the Company's Karma project. Artisanal activity commenced on the site in April, 2009 and activity has increased substantially since then. Artisanal workers excavate small, vertical shafts and collect material which they process through a crude sluice box system. Several hundred of these shafts have been excavated to date. The footprint of the artisanal workings is currently approximately 800 metres in length and 150 metres to 350 metres in width.

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"
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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