Riverside Resources Inc.
TSX VENTURE : RRI
PINK SHEETS : RVSDF
FRANKFURT : R99

Riverside Resources Inc.

February 17, 2011 15:47 ET

Riverside Resources Increases Previously Announced Private Placement Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 17, 2011) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI)(PINK SHEETS:RVSDF)(FRANKFURT:R99) announces that it has increased the size of its previously announced private placement (February 4, 2011) from $5,035,000 to $5,510,000 (the "Increased Offering"). Under the Increased Offering, the Company will issue a further 500,000 common share units (the "Units") at a price of $0.95 per unit, for additional proceeds of $475,000. The Increased Offering now comprises a total of 5,800,000 Units with each Unit consisting of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional common share for a period of two years at a price of $1.40 in the first year and $1.60 in the second year. The term of the warrants is subject to an accelerated exercise provision that triggers a shortened exercise period in the event that the Company's shares trade at $1.90 or higher for 15 consecutive trading days in the first year or $2.30 or higher for 15 consecutive trading days in the second year.

The proceeds of the Increased Offering will be primarily used for property acquisition and advanced exploration on the Company's 100% owned properties. The Increased Offering is subject to all necessary regulatory approvals, and the Units issued pursuant to the Increased Offering will be subject to a four-month hold period from the date of the closing.

About Riverside Resources:

Riverside is a prospect generation exploration team of focused, proactive gold discoverers with the breadth of knowledge to dig much deeper. The Company currently has approximately 25,000,000 shares issued. The company has an experienced exploration team that leverages its in-house technical knowledge and vast experience in the field to make discoveries. The Company is currently working towards finalizing several important events that fit within the Company's model of growth through partnerships and exploration. Additional property information on the Company's projects can be found on the Riverside Resources Inc. website at www.rivres.com.

ON BEHALF OF RIVERSIDE RESOURCES INC.

"John-Mark Staude"

Dr. John-Mark Staude, President & CEO

THIS PRESS RELEASE, PROVIDED PURSUANT TO APPLICABLE CANADIAN REQUIREMENTS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS ABSENT REGISTRATION OR APPLICABLE EXEMPTION FROM REGISTRATION REQUIREMENTS.

Certain statements in this press release may be considered forward-looking information. These 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.

Neither the 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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