Riverstone Resources Inc.
TSX VENTURE : RVS

Riverstone Resources Inc.

June 05, 2007 17:35 ET

Riverstone Completes Share Issuance for Services

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 5, 2007) - Riverstone Resources Inc. (the "Company") (TSX VENTURE:RVS) announces that in consideration of certain services provided to the Company by MidSouth Capital, Inc. ("MidSouth"), an independent investment banking company based in Atlanta, Georgia, a total of 75,000 shares have been issued in full settlement for services at a deemed price of C$0.29 per share. The shares are subject to a hold period of four months and one day and were issued pursuant to a financial consultant agreement with MidSouth dated February 8, 2007 and accepted by the TSX Venture Exchange on May 16, 2007. In accordance with the agreement, MidSouth has advised the Company and has arranged a pink sheet listing for Riverstone Resources under the symbol RVREF.

Riverstone Resources is a company focused on exploration and development of gold resources with an extensive land position in Burkina Faso, West Africa. For further information about the Company and its activities in Burkina Faso, please refer to the Company's website at www.riverstoneresources.com and on www.sedar.com.

ON BEHALF OF THE BOARD

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

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.

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
    President
    (604) 801-5020
    (604) 801-6075 (FAX)
    Email: 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
    Website: www.riverstoneresources.com