Riverstone Resources Inc.
TSX VENTURE : RVS

Riverstone Resources Inc.

December 14, 2006 09:30 ET

Riverstone Continues to Make High Quality Acquisitions in West Africa

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 14, 2006) - Riverstone Resources Inc. (the "Company") (TSX VENTURE:RVS) is pleased to announce that it has entered into an agreement to acquire a 90% interest in the Bouboulou Exploration Permit in Burkina Faso, West Africa. The Bouboulou Permit is located in the promising Bissa area of central Burkina Faso, approximately 80 kilometres southwest of High River Gold's ("HRG") Bissa property which has a reported 43-101 compliant resource of 1.3 million ounces of gold (see HRG News Release dated September 14, 2006).

It has been reported that a Rotary Air Blast ("RAB") drilling program carried out by Boliden AB in the mid 1990's outlined an anomalous gold zone measuring approximately 13 kilometres in length and from 2 to 6 kilometres in width. The gold zone straddles the projected southwesterly extension of the Sabce shear zone, the host of the gold deposits at HRG's Bissa property. The RAB drilling program comprised 664 holes totaling 25,400 metres with an average depth of 38 metres. The holes were drilled on a 500 metre by 500 metre grid with some in-fill drilling on a 250 metre line spacing.

"The acquisition of this excellent property reflects our business strategy of aggressively evaluating and acquiring high-quality properties in prospective geologic terrains," commented Michael D. McInnis, President of Riverstone Resources Inc. "We are continuing to evaluate additional gold properties in Burkina Faso as well as the possibility of acquiring several uranium properties in the neighbouring country of Niger."

The Company plans a program of data compilation and geologic mapping prior to commencing a reverse circulation drilling program in the first quarter of 2007. The general terms of the Bouboulou agreement allow Riverstone to earn a 90% interest in the permit by incurring expenditures of CDN$125,000 over three years, and by filing reports and paying annual taxes as required under the mining laws of Burkina Faso. The vendors will retain a 10% interest, which will be carried by the Company until the formation of an Operating Company to take the project into production.

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

Paul G. Anderson, P. Geo is a Qualified Person for RVS and has reviewed and approved the contents of this release.

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.

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