Riverstone Resources Inc.
TSX VENTURE : RVS

Riverstone Resources Inc.

November 06, 2006 14:50 ET

Riverstone Resources Inc.: RAB Drilling Extends Gold Zone on Tao Permit

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 6, 2006) - Riverstone Resources Inc. (the "Company") (TSX VENTURE:RVS) is pleased to report the results of a recently completed Rotary Air Blast ("RAB") drilling program on the Tao Exploration Permit in Burkina Faso, West Africa. The drilling program was designed to evaluate two separate north-northeast trending gold-in-soil geochemical anomalies identified by a previous operator. The more prominent of these anomalies is partially coincident with an artisanal gold mining site known as Tondoby, which had been tested by a previous operator with 10 Reverse Circulation ("RC") drill holes. Some of the better RC results reported include 3.09 g/t gold over 9 metres in DTD-003, 4.98 g/t gold over 4.5 metres in DTD-004, 1.28 g/t gold over 9.5 metres in DTD-007, 1.57 g/t gold over 13.5 metres in DTD-010, and 2.02 g/t gold over 4.5 metres in DTD-013.

The RAB drilling by the Company was successful in extending the strike length of the Tondoby gold zone from 1 kilometre to approximately 2.9 kilometres. The Tondoby artisanal gold mining site occurs near the north end of the gold-in-soils geochemical anomaly, which is traceable over a strike length of 11 kilometres.

The second gold-in-soil geochemical anomaly is parallel to and east of the Tondoby anomaly. This anomaly surrounds the Bandediaga artisanal site and was previously untested by drilling. The Company's RAB drilling indicates that the anomaly is underlain by at least three sub-parallel gold zones with strike lengths of up to 200 metres. The gold-in-soils anomaly extends for a further 6 kilometres to the northeast, and remains untested by drilling.

"We are highly encouraged by the gold mineralization, the alteration and the quartz veining noted by our Company geologists," commented Paul Anderson, exploration manager for the Company. "Finding these gold occurrences in a belt of rocks that hosts defined gold resources in the nearby Essakane deposit certainly merits additional exploration."

The Tao permit lies south of and within the same Birimian greenstone belt as the Essakane permit, currently being explored by Gold Fields Ltd. and Orezone Resources Inc. Essakane is host to an indicated gold resource of 1.9 million ounces with a further 1.5 million ounces in the inferred category. The Company holds an option to earn a 90% interest in the Tao permit, from two local partners.

A total of 4,358 metres of RAB drilling was completed by the Company on the Tao permit, in 271 drill holes. The holes were drilled in a series of lines spaced 200 metres apart, with vertical holes drilled at 50 metre centers. Ten lines of RAB holes were drilled on the Tondoby anomaly; eight lines were drilled on the Bandediaga anomaly. Significant gold grades range from 0.114 g/t to 2.42 g/t over drilled intervals ranging from 3 metres to 24 metres. All intervals reported are drilled widths, which may not represent true widths of the mineralized zones.

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, rock and RAB samples were assayed using standard fire assay with atomic absorption techniques, at the independent Abilab Burkina SARL laboratories in Ouagadougou, Burkina Faso.

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.

Reverse Circulation drill hole data reported by the previous operator were not verified by the Company's Qualified Person.

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.


The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

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