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

Riverstone Resources Inc.

January 23, 2012 20:36 ET

Riverstone Resources Files Early Warning Report

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2012) - Riverstone Resources Inc. (TSX VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV) ("Riverstone") advises, pursuant to the early warning requirements of securities laws, that it has disposed of 980,000 common shares in the capital of Roxgold Inc. ("Roxgold"). Prior to the transaction, Riverstone had beneficial ownership of 16,980,000 common shares of Roxgold representing approximately 16.6% of Roxgold's issued and outstanding common shares, calculated on a non-diluted basis assuming that no outstanding convertible securities of Roxgold were exercised.

After giving effect to the disposition of the shares, Riverstone has beneficial ownership of 16,000,000 common shares of Roxgold, representing approximately 15.7% of Roxgold's issued and outstanding common shares, calculated on a non-diluted basis assuming that no outstanding convertible securities of Roxgold were exercised.

Riverstone does not presently intend to make further investments in Roxgold, but it may decide to increase or decrease its shareholdings of Roxgold in the future.

A copy of the Early Warning Report being filed with the applicable securities regulators regarding the transaction will be available on SEDAR (www.sedar.com) and may be obtained by contacting Riverstone as follows:

Riverstone Resources Inc.

1125 - 595 Howe Street

Vancouver, BC V6C 2T5

Telephone: 604-801-5020

Attention: President and CEO

ON BEHALF OF THE BOARD

Dwayne Melrose, President and 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.
    Raju Wani
    Investor Relations
    403-240-0555

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

    Riverstone Resources Inc.: Vancouver Office
    Don Mosher
    Corporate Development
    604-685-6465
    www.riverstoneresources.com