Riverside Resources Inc.

Riverside Resources Inc.

March 23, 2009 09:30 ET

Riverside Resources Corrects Information on Sugarloaf Peak Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 23, 2009) - Riverside Resources Inc. ("Riverside") (TSX VENTURE:RRI) announced today a correction to the historic information contained in its press release of March 19, 2009 ("prior release") on the Sugarloaf Peak Gold Project in Arizona.

The prior release summarized the results from Riverside's ongoing surface exploration and data compilation on its Sugarloaf Peak Gold Project. In the prior release, Riverside referred to historic data of two noteworthy diamond drill holes, including one hole which averaged a grade of 1.5 g/t gold to a depth of 300m. On further review of the historic data subsequent to the dissemination of the prior release, Riverside discovered inconsistency with the assay log and therefore is disseminating this correction to advise the market that it now believes that the historic Au log data for the one hole does not show an average grade of 1.5 g/t gold to a depth of 300m.

Riverside underlines that all of the other data and interpretations in its prior release are not otherwise affected. The primary benefit of the historic data is to assist Riverside in the development and implementation of its planned exploration and drill program on the Sugarloaf Peak Gold Project.

"The Riverside team believes the Sugarloaf Peak Project has the potential to be a robust gold system and it remains a priority project. This belief is based on Riverside's review of over 8,000m in previous drilling and more than 2000 surface gold assays which demonstrate at least three areas of high grade gold that warrant investigation," stated John-Mark Staude, President & CEO of Riverside Resources Inc.

The technical content of this news release has been approved and field reviews completed by Mr. Locke Goldsmith, P Eng., P. Geo, an independent qualified person as defined in NI 43-101. For more details on the mineralization and previous exploration of the Sugarloaf Peak Property, please visit www.rivres.com.

Riverside has a strong cash position of over CAN$3,000,000 and a relatively small number of shares outstanding at less than 18,000,000. With the recent announcements concerning Riverside's Kinross Exploration Alliance of US$800,000 investment over two years and the Arcus Development Group joint venture agreement of CAN$600,000 investment, the Company has been able to maintain a strong cash position. Riverside is focused on capitalizing on its technical team's extensive experience, and on the ground local approach of mineral exploration, through active joint ventures and cost effective exploration. By partnering with other companies on the majority of projects Riverside minimizes exploration risk and ensures that multiple projects are progressed each year. The generative program is based on the team's more than 60 years of collective exploration experience and participation in over half dozen ore body discoveries. Additional property information and diagrams that have been compiled by Riverside's in-house exploration team can be found on the Sugarloaf Peak Project Page at www.rivres.com.


Dr. John-Mark Staude, President & CEO

Certain statements in this press release may be considered forward-looking information, which statements can be identified by the use of forward looking terminology (e.g., "expect","estimates", "intends", "anticipates", "believes", "plans"). Such information involves known and unknown risks - including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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

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