Riverstone Resources Inc.

Riverstone Resources Inc.

March 07, 2005 18:00 ET

Riverstone Resources Inc.: Exploration Planned for Solna Gold Permit


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RIVERSTONE RESOURCES INC.

TSX VENTURE SYMBOL: RVS

MARCH 7, 2005 - 18:00 ET

Riverstone Resources Inc.: Exploration Planned for
Solna Gold Permit

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 7, 2005) - Riverstone
Resources Inc. (the "Company") (TSX VENTURE:RVS) announces a further
exploration program including trenching, mapping and detailed
geochemical sampling before commencing drilling at the Company's
recently-acquired Solna permit (see News Release dated November 23, 2004
for details of earlier work). Solna is located in eastern Burkina Faso
near the Niger border, and is approximately 75 km west of the recently
opened Samira Hill gold mine where a resource of 2 million ounces of
gold has been announced. Samira Hill is expected to produce 120,000
ounces of gold in 2005.

Work recently completed by the Company at Solna confirms a significant
area that is anomalous in gold values in both soil and rock chip
samples. The main soils anomaly identified to date extends at least 2 km
in length and averages approximately 250 m in width, with gold values in
soils in excess of 100 ppb and ranging up to approximately 1.3 grams of
gold per tonne ("g/t"). In addition, a parallel secondary mineralized
corridor lies outside this main anomalous zone.

Within these areas, rock chip samples ranged from several parts per
billion gold to as high as 8.3 g/t, including values of 6.7 g/t, 6.8 g/t
and 7.8 g/t. A total of 143 rock samples have been taken at Solna, of
which over 20% showed gold values of greater than 1.0 g/t, including 17%
greater than 2.0 g/t. Artisanal gold workings are also evident within
the areas.

"We are highly encouraged by the results of our recent work at Solna,"
commented Michael. D. McInnis, President of Riverstone. "We look forward
to completing our recommended surface program in preparation for
drilling."

All sampling was under the direction of Mr. Robert Thivierge of Taiga
Consultants Ltd. Assaying was performed by Abilab Afrique de L'Ouest
SARL in Bamako, Mali. Control samples were inserted and repeat assays
performed to monitor quality control.

The Company is active in exploration for gold in Burkina Faso with five
properties under investigation. For information on the Company's
properties and its recent acquisitions please refer to press releases
listed on the Company's website at www.riverstoneresources.com and under
the Company's profile at www.sedar.com.

On Behalf of the Board of Directors,

Michael D. McInnis, P. Eng., President

Michael D. McInnis, P. Eng. is a Qualified Person for RVS and has
reviewed and approved the contents of this news release.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Riverstone Resources Inc.
    Michael D. McInnis, P. Eng.
    President
    (604) 801-5020
    (604) 801-6075 (FAX)
    www.riverstoneresources.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.