Riverstone Resources Inc.
TSX VENTURE : RVS

Riverstone Resources Inc.

November 14, 2006 09:30 ET

Riverstone Resources Inc.: Extensive Gold-In-Soils Anomalies Identified on Two New Bissa Area Properties

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2006) - Riverstone Resources Inc. (the "Company") (TSX VENTURE:RVS) is pleased to report the results of recently completed soil geochemical surveys undertaken on the Sebila and Bissiga Exploration Permits in Burkina Faso, West Africa. The Sebila Permit borders the Company's Tangapella Permit to the north and permits to the west owned by High River Gold Mines (HGR), and the Bissiga Permit is approximately 30 kilometres southwest of HGR's permits. HGR are presently undertaking a US $10 million drilling program in an effort to expand twelve known gold deposits, including Bissa Hill, which has a NI 43-101 compliant resource of 1.3 million ounces of gold. A total of 22 gold-in-soil geochemically anomalous zones are evident on the Sebila Permit, many of which are closely associated with extensive shallow artisanal workings. The Bissiga Permit hosts twelve separate gold-in-soil anomalous zones.

"The number and size of the gold-in-soil anomalies evident on both the Sebila and Bissiga Permits, along with what the Company has identified to date on its nearby Tangapella Permit, adds to our belief that this area is developing into a significant gold district in Burkina Faso," commented Paul G. Anderson, exploration manager for the Company. "This area contains numerous gold-bearing structures, as evidenced by the work being done by HGR on adjacent ground to the west."

A total of 5,215 soil samples, including standards and duplicates, were taken on the Sebila Permit in two grids, separated by an area of deep cover along a seasonal watercourse draining a series of lakes. Grid lines were oriented northeast-southwest at 200-metre spacing, with sample stations every 50 metres.

At least sixteen distinctive gold-in-soil anomalous zones are evident on the northern Sebila grid, with a further six on the southern grid. The anomalous zones are defined by soils that are all greater than 50 parts per billion gold, with a maximum value of 847 parts per billion, and they range in length from 400 to 1,200 metres. All of the anomalies are hosted in a belt of NNW trending basaltic volcanic rocks, which occupy the central portion of the permit, at or near their contact with fine clastic volcano-sediments. A total of eleven artisanal gold sites were identified during regional mapping of Sebila, and like the gold-in-soil anomalies, they are within or bordering the band of volcanic rocks. These artisanal sites are all shallow, surficial workings, with dimensions of up to 600 metres by 350 metres, and they show a close spatial association with the gold-in-soil anomalies. Two rock samples taken from one of these artisanal sites assayed 19.27 and 15.44 g/t gold and a sample from a second site returned 0.99 g/t gold.

A total of 1,094 soil samples, including standards and duplicates, were taken on the Bissiga Permit, on a regional 500 metre by 500 metre grid. Twelve separate northeast and northwest trending gold-in-soil anomalies are evident on this property. The anomalous zones are outlined by soils that are all greater than 25 parts per billion gold, with maximum values up to 96 parts per billion. The largest anomaly is 2.5 kilometres long by 500 metres wide. The geology of the permit is dominated by linear, northeast trending bands of basaltic volcanic rocks, schistose volcano-sedimentary rocks, tonalities and granites. The gold-in-soil anomalies dominantly occur along or cross-cutting lithological contacts, or are spatially associated with several northeast-trending shear structures.

Both permits were acquired by the Company in March of 2006. The Sebila Permit was optioned from a Burkinabe partner, with the Company having the right to earn a 90% interest, and the 100% owned Bissiga Permit was acquired by application to the government.

The Sebila Permit is part of a contiguous group of four permits held by the Company that collectively cover a portion of the Sabse and two parallel northeasterly trending shear zones. The Bissiga Permit covers the same structures further to the southwest, and is part of two contiguous wholly owned permits held by the Company. The Sabse shear is host to the Bissa Hill gold deposit with a NI 43-101 compliant resource of 1.3 million ounces gold.

The Sebila Permit adjoins the Company's Tangapella Permit to the south. A recent news release by the Company announced that Tangapella is host to at least 13 defined gold-in soil anomalies. Company geologists are currently undertaking a program of mapping and sampling on both the Tangapella and Sebila Permits in an effort to prioritize the known gold-in-soil anomalies.

The Company maintains a rigorous quality control program involving the use of repeat assays, check assays at independent labs, and the use of verifiable blanks and standards from an accredited Canadian lab. All soil and rock samples were assayed using standard fire assay with atomic absorption techniques, at the independent Abilab Burkina SARL laboratories in Ouagadougou, Burkina Faso. As of November 1, 2006 this laboratory is part of the Chemex group of companies.

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.

The data is provided for indicative purposes. 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.

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