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

Riverstone Resources Inc.

February 27, 2012 10:15 ET

Riverstone Appoints New Vice President-Engineering

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2012) - Riverstone Resources Inc. (TSX VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV) is pleased to announce the appointment of Mr. Peter Carter as Vice President - Engineering effective March 1, 2012.

"We are very pleased to have Mr. Carter join the Riverstone team," commented Dwayne L. Melrose, President & COO of Riverstone. "Mr. Carter brings to Riverstone a proven track record for operating and constructing projects in developing countries. This will serve the company well as it moves to leverage greater shareholder value from its growing resource base while proceeding towards production. I look forward to working with Peter as a member of the management team."

Mr. Carter holds a diploma in Mining Technology from BCIT and a BSc in Mining Engineering from the Montana College of Mineral Science and Technology (Montana Tech) in Butte, Montana. In 2006, he earned an Executive MBA from Queen's University in Kingston, Ontario. He has over 25 years experience in the mining industry with various assignments in engineering, production management, and project development with an emphasis on surface mining operations.

In 1994, following eight years at copper and gold operations in Canada and the US, Mr. Carter joined Centerra Gold Inc. where he was involved in the construction and start-up of the Kumtor Gold Mine in Kyrgyzstan. There he directed the re-design of the feasibility mine plan to establish Kumtor as a 600,000 oz/yr producer and rose to the position of Mining Manager. Later, as Operations Manager for the company's Boroo Gold Project in Mongolia he helped oversee construction and led a successful mid-winter start-up allowing the project to exceed planned annual gold production of 200,000 oz/yr.

As a project manager, Mr. Carter has overseen permitting and feasibility studies for both hardrock and heap leach gold projects in Canada and overseas. His technical expertise extends to reserve estimation, open pit mine design, mineral processing, and tailings management. He has a proven track record of adding value to existing and developing projects through a focus on planning, safety, and efficient, cost-effective operation.

ON BEHALF OF THE BOARD

Dwayne L. Melrose, P. Geo., President & COO

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
    Dwayne Melrose
    President
    604-801-5020
    info@riverstoneresources.com

    Riverstone Resources Inc.
    Don Mosher
    Corporate Development
    604-685-6465

    Riverstone Resources Inc.
    Raju Wani
    Investor Relations
    403-240-0555

    Riverstone Resources Inc.
    Ron Cooper
    Investor Relations
    604-986-0112