Riverstone Resources Inc.

Riverstone Resources Inc.

August 25, 2011 09:30 ET

Riverstone Announces New Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2011) - Riverstone Resources Inc. (TSX VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV) is pleased to announce the appointment of Peter V. Gundy to the Board of Directors of the company. Mr. Gundy is an accomplished Canadian businessman with a varied and successful career with private and public companies.

"We are extremely fortunate to have an individual with Mr. Gundy's credentials join Riverstone as a Board member," commented M.D.McInnis, President and CEO of Riverstone. "He has a track record of managing successful companies and has a thorough knowledge of capital markets. I look forward to working with Peter and I am confident that he will make a significant contribution to the future success of the company."

Mr. Gundy began his career as a lawyer specializing in the practice of mergers and acquisitions and subsequently earned a MSc (Econ) from the London School of Economics. In 1976 he was one of three senior officers who founded and managed the Potash Corporation of Saskatchewan Ltd. The Potash Corp became one of Canada's most successful companies, creating high value jobs in a secondary Canadian market and ultimately becoming Canada's largest mining company. In 1979 Mr. Gundy worked as a VP of Brascan and subsequently became a VP of Dominion Securities. In the 1980's he formed Renaissance Securities Inc, a securities dealer specializing in assisting small and medium mining companies to raise funds in the private and public markets.

In 1992 Mr. Gundy and Mary Aitken founded Neo Materials Technologies Inc (NEM). From start-up, Mr. Gundy created one of Canada's most successful Asian based enterprises. With manufacturing plants in China and Thailand it is currently number one in the world in producing powerful high-tech bonded magnets for the world's electronic industry. From start-up, the company grew steadily and reached sales volume of $250 million by 2007, Mr. Gundy's last full year as Chairman. NEM currently has a market capitalization exceeding $1 billion.

In the 1980's Mr. Gundy was a Director of the Banff School of Advanced Management and Mohawk Oil Canada. He is currently a certified Director of the Institute of Corporate Directors, Chairman of Verde Potash PLC and a Director of Clifton Star Resources Inc.


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

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