Riverstone Resources Inc.

Riverstone Resources Inc.

January 29, 2008 12:21 ET

Riverstone Resumes Drilling at Kao Main Gold Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 29, 2008) - Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) is pleased to report that a fourth phase of reverse circulation ("RC") drilling has commenced on its Kao Exploration Permit in Burkina Faso, West Africa. The program will comprise approximately 5,000 metres of drilling in 50 holes. The drilling will target the promising Kao Main zone, which was expanded to 600 metres in length by approximately 300 metres in width during the last drill program in October of 2007. The zone remains open for expansion in several directions. The objective of this phase of drilling is to define the limits of the mineralization so that a resource estimation can commence. Although the majority of the planned drilling will be carried out on the Main Zone, a number of other promising targets on the property will also be drill tested.

The Kao Main Zone is one of three significant gold deposits known to exist on four contiguous exploration permits held by the company. The other two gold deposits are Rambo and Goulagou. The most advanced is the Goulagou deposit where previous work has identified a NI 43-101 compliant indicated resource of 280,000 ounces of gold at a grade of 1.70 g/t and a further inferred resource of 270,000 ounces of gold at a grade of 1.49 g/t (see News Release dated October 11, 2007).

These four contiguous permits: Kao, Rambo, Goulagou and Rounga, have been collectively named the Karma project, after a small village on one of the permits. The company is planning aggressive drilling programs on the Kao, Goulagou and Rambo deposits during the first half of 2008. The company has also identified many untested targets within the Karma project area, and several of these will be drill tested during 2008. The Company's strategy is to develop sufficient gold resources within the project area to support a mining operation utilizing a central processing plant. Management of the company believes it is on track to identify a cumulative gold resource in all categories in excess of 1,000,000 ounces of gold in 2008 within the project area.

Previously reported results from the Phase 3 RC drill program (see News Releases dated November 15, December 12, 2007 and December 9, 2007) are shown in the table below. All holes were drilled at -60 degrees. Intervals reported are drilled intercepts, which may not represent true widths of the mineralized zones.

Hole From To Interval Grade
Number (metres) (metres) (metres) (g/t Au)

KAO-07-RC-062 0 100 100 1.36
including 6 70 64 2.00

KAO-07-RC-063 44 70 26 1.77

KAO-07-RC-068 70 96 26 2.05

KAO-07-RC-069 46 68 22 1.79

KAO-07-RC-070 14 38 24 1.73

KAO-07-RC-075 12 22 10 2.80

KAO-07-RC-076 22 40 18 2.22

KAO-07-RC-079 88 98 10 7.82

KAO-07-RC-085 20 42 22 1.06

KAO-07-RC-088 54 64 10 1.93

KAO-07-RC-092 12 40 28 1.42
or including 24 34 10 2.78

KAO-07-RC-094 24 34 10 1.62
and 50 68 18 1.15

KAO-07-RC-095 60 68 8 1.51

KAO-07-RC-098 60 66 6 1.19


The Company maintains a rigorous quality control program involving the use of repeat assays, inserted blanks, and the use of verifiable standards from an accredited Canadian laboratory. All RC samples were assayed using standard fire assay with atomic absorption techniques, with samples grading in excess of 2.00 g/t gold 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 high quality exploration permits. 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.


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.

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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