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

Riverstone Resources Inc.

June 09, 2009 12:22 ET

Riverstone Increases Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2009) -

NOT FOR DISSEMINATION IN THE USA OR THROUGH US NEWSWIRE SERVICES

Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to announce that it has increased the maximum number of units offered under its previously announced private placement from 12 million units ("Units") to 14 million Units at a price of C$0.15 per Unit, for maximum aggregate gross proceeds of C$2.1 million.

Each Unit will consist of one common share of the Company and one half of one non-transferable share purchase warrant, each whole share purchase warrant is exercisable to purchase one additional common share of the Company at a price of C$0.20 per share for a period of 24 months following closing.

The Company may pay finders' fees and commission in connection with the private placement in cash and/or securities of the Company in accordance with the policies of the TSX Venture Exchange. Proceeds of the financing will be used for working capital and exploration of the Karma project.

The financing is subject to the approval of the Exchange.

The Company anticipates closing of the financing on or about June 15, 2009, subject to receipt of all necessary regulatory approvals.

ON BEHALF OF THE BOARD

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

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.

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