Riverstone Resources Inc.
TSX VENTURE : RVS
FRANKFURT : 3RV

Riverstone Resources Inc.

October 04, 2010 10:28 ET

Riverstone Appoints Mining Executive to Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 4, 2010) - Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to announce the appointment of Robert (Bob) Martinez, B.S. (Eng.), to the Board of Directors of the Company.

During an international career spanning over three decades, Mr. Martinez has developed and managed some of the world's premier mining projects. He has over 34 years of mine operation and plant design experience with major mining companies such as Phelps Dodge Corp, AMAX Inc., Amselco Minerals and Coeur d'Alene Mines Corp. He was General Manager of the Rochester and Alligator Ridge open pit gold mines in Nevada, as well as a senior manager at major copper/moly open pit mines in Arizona and Colorado.

"We are very pleased and fortunate to have Bob join our Board at this defining stage in our transition from an exploration to producing company," commented M.D. McInnis, President and CEO of Riverstone. "Bob's expertise in open pit gold mining operations, plant design and corporate management will be a tremendous value to Riverstone as we advance our projects in Burkina Faso to production."

Mr. Martinez has served as a member of the Board of Directors of Metallica Resources Inc and Zacoro Metals. He is active in professional associations and community affairs. He served on the Nevada Mining Association Board for nine years, two of which he was Chairman. He has served on the University of Nevada Reno School of Mines Advisory Board, the UNR Biodiversity Research and Development Initiative Advisory Board and the Nevada Humanities Committee Advisory Board.

Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive portfolio of six high quality exploration permits covering 2,300 square kilometres. For further information about the company and its activities, please refer to the company's website at www.riverstoneresources.com and under the Company's profile at www.sedar.com.

ON BEHALF OF THE BOARD

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

Certain statements made and information contained in this news release and elsewhere constitutes "forward-looking information" within the meaning of the Ontario Securities Act. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters and surface access, labour disputes, the potential for delays in exploration activities, the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties, including those described under Risk Factors in each management discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, the expectations and beliefs of management, the assumed long term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour and that the political environment within Burkina Faso will continue to support the development of environmentally safe mining projects. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

Neither 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.

Contact Information

  • Riverstone Resources Inc. - Vancouver Office
    Michael D. McInnis
    President
    604-801-5020
    info@riverstoneresources.com
    or
    Riverstone Resources Inc.
    Raju Wani
    Investor Relations
    403-240-0555
    or
    Riverstone Resources Inc.
    Ron Cooper
    Investor Relations
    604-986-0112
    www.riverstoneresources.com