VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 01/17/13 — Riverside Resources Inc. („Riverside“ or the „Company“) (TSX VENTURE: RRI)(PINKSHEETS: RVSDF)(FRANKFURT: R99) is progressing and set to deliver value and growth for its shareholders in 2013. The Company is strategically advancing and improving its portfolio with a strong partnership network and significant exploration activity planned for the upcoming year. In 2012, a challenging year for Junior Resource companies, Riverside still managed to deliver six completed drill programs while conserving capital and maintaining a tight share structure with only 35,200,000 shares outstanding and over $7M in cash reserves with no debt.
In 2013, the Company expects to secure new strategic partnerships that will once again support the completion of several drill programs on Riverside-s projects at a very low cost to its shareholders. Riverside-s careful management of its capital has also put the Company in a position to evaluate acquisition opportunities and acquire key additional assets and upgrade the property portfolio. There are already well-funded exploration programs and alliance funding in place, plus additional goals the company will look to achieve to facilitate further growth.
An overview of Riverside-s anticipated corporate growth plans for 2013 are summarized below:
Drilling Riverside owned prospects and pushing for discovery and delineation of open pit gold targets in lower risk jurisdictions will continue to be a main focus for the Company. Riverside anticipates results from at least five partner-funded drill programs in 2013, as outlined above, and believes drilling and exploration activity will grow through additional partnerships.
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ON BEHALF OF RIVERSIDE RESOURCES INC.
Dr. John-Mark Staude, President & CEO
Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward looking terminology (e.g., „expect“,“ estimates“, „intends“, „anticipates“, „believes“, „plans“). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the 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.
Contacts: Riverside Resources Inc. Dr. John-Mark Staude President, CEO (778) 327-6671 (778) 327-6675 (FAX)
Riverside Resources Inc. Joness Lang Manager, Corporate Development (778) 327-6671 (778) 327-6675 (FAX)
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