Riverstone Resources Inc.

Riverstone Resources Inc.

December 03, 2007 15:21 ET

Riverstone Announces IR Consultant in Europe, Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2007) - Riverstone Resources Inc. (TSX VENTURE:RVS) ("Riverstone" or the "Company") is pleased to announce it has retained Plation Capital AG ("Plation") of Baar, Switzerland to provide investor relations and financial communications services for the Company in Europe. The initial term of the agreement is six months, renewable thereafter on a month-to-month basis until terminated with 30 days notice. Under the terms of the agreement, Plation will receive a two-year stock option to purchase 180,000 common shares of the Company at an exercise price of $0.33 per share in accordance with TSX Venture Exchange guidelines and the Company's stock option plan (the "Plan"). 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. The agreement is subject to regulatory approval.

The appointment of Plation as investor relations consultant to Riverstone coincides with trading of shares of the Company in the Open Market of the Frankfurt Stock Exchange under the symbol 3RV and WKN number A0MX39.

About Riverstone Resources

Riverstone is a TSX Venture listed company, which holds gold exploration rights in seven separate areas covering 3,500 square kilometres in Burkina Faso, West Africa. The company has been working in Burkina Faso for four years. Riverstone is now completing its 2007 exploration program including reverse circulation drilling with results expected over the next several weeks.

On Behalf of the Board of Directors,

James Robertson, P. Eng., Director

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

Contact Information

  • Riverstone Resources Inc.
    Michael D. McInnis
    (604) 801-5020
    (604) 801-6075 (FAX)
    Riverstone Resources Inc.
    Raju Wani
    Investor Relations
    (403) 240-0555
    Riverstone Resources Inc.
    Ron Cooper
    Investor Relations
    (604) 986-0112
    Email: info@riverstoneresources.com
    Website: www.riverstoneresources.com