Riverstone Resources Inc.
TSX VENTURE : RVS

Riverstone Resources Inc.

October 12, 2006 18:34 ET

Riverstone Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 12, 2006) - Riverstone Resources Inc. (the "Company") (TSX VENTURE:RVS) announces that a total of 900,000 incentive stock options have been granted under the Company's Stock Option Plan to directors, officers, employees and consultants of the Company as defined by TSX Venture Exchange Policy 4.4. The options are exercisable for a five-year period at a price of $0.25 per share and are subject to regulatory approval. The options will bear a four-month hold period and are subject to vesting provisions over an eighteen-month period, in accordance with the terms of the Plan.

ON BEHALF OF THE BOARD

Michael D. McInnis, P.Eng., President & CEO

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

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