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

Riverstone Resources Inc.

April 26, 2011 10:11 ET

Riverstone Reports More Positive Gold Results from Karma

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 26, 2011) - Riverstone Resources Inc. (TSX VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV) reports additional positive results from the reverse circulation drilling program on the Goulagou I deposit, part of the company's Karma Gold Project in Burkina Faso, West Africa (See Map on website: http://www.riverstoneresources.com/i/Maps/2011-04-25_NR_Goulagou.jpg). Significant results include intercepts of 24 metres grading 1.87 g/t gold, 60 metres grading 0.89 g/t gold, and 8 metres grading 4.83 g/t gold. Most of the holes were drilled on intermediate fences to reduce the fence spacing of previous drilling from 100 metres to 50 metres. The holes are part of an on-going drill program on Goulagou I, comprising approximately 13,000 metres, designed to confirm and expand the gold resources.

"We are pleased with these excellent results from Goulagou I," commented M.D. McInnis, President and CEO of Riverstone Resources Inc. "We are encountering portions of the deposit which has exceptional grade. In addition, we have signed contracts for six drill rigs so we are in a position to continue aggressively drilling this deposit, as well as the other deposits, that comprise the Karma project."

Results from fifty-one holes have been received. The majority of the holes have wide intercepts exceeding 0.50 g/t gold. Significant intercepts are reported in the table below:

Average
Hole number Interval (m)InterceptGrade
FromTo(metres)(g/t Au)
GLG-10-RC-1192034141.15
GLG-10-RC-122110140300.50
incl13213641.15
GLG-10-RC-127060600.89
incl1828101.85
and incl4052121.14
GLG-10-RC-12810811241.10
GLG-10-RC-13238100620.56
incl3848101.08
GLG-10-RC-1343480460.74
incl4664180.91
and118128101.29
GLG-10-RC-137822140.86
incl81461.47
GLG-10-RC-147036360.66
incl416121.21
GLG-10-RC-149202881.24
and82106241.87
incl86104182.39
GLG-10-RC-150444841.18
GLG-10-RC-151102126241.65
incl112126142.29
and132150181.95
incl14615043.05
and17218081.31
GLG-10-RC-155768041.18
GLG-10-RC-15760120600.59
incl687481.25
and126142160.76
incl12613041.24
GLG-10-RC-158*12413284.26
GLG-10-RC-160034341.04
and66106401.54
GLG-10-RC-1634254122.06
GLG-10-RC-164436321.15
and7492181.32
GLG-10-RC-1653686500.53
and86142561.05
GLG-10-RC-1679610484.83
GLG-10-RC-1684668220.81
and88114261.64
incl92108162.14
GLG-10-RC-1701828101.14
* Hole ended at 132 metres

The Goulagou I deposit is part of the company's Karma Project which hosts a NI 43-101 compliant gold resource of 810,000 ounces of gold in the indicated category and 1,119,100 ounces in the inferred category (see news release dated February 28, 2011). The Goulagou property is subject to an Option to Purchase agreement with Golden Star Resources Ltd.

Riverstone maintains a quality control program involving the use of repeat assays, inserted blanks and the use of certified standards from an accredited Canadian laboratory. All core samples were assayed using standard fire assay with atomic absorption techniques, with samples grading over one gram gold per tonne re-assayed with a gravimetric finish, at the independent Abilab Burkina SARL laboratories in Ouagadougou, Burkina Faso, which is part of the ALS Chemex group.

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 projects 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

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.

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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