VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 10/18/11 — Riverstone Resources Inc. (TSX VENTURE: RVS)(OTCQX: RVREF)(PINK SHEETS: RVREF)(FRANKFURT: 3RV) is pleased to announce the appointment of Mr. Ryan Torvik as Chief Financial Officer of the Company. Mr. Torvik replaces Kerry Spong, who will continue to serve as Corporate Secretary of the Company.
Mr. Torvik is a Canadian Chartered Accountant with a Bachelor of Commerce degree from the University of Saskatchewan. He completed his articling with KPMG and brings with him experience in a number of industries as well as substantial International work. Most recently, Ryan served as a CFO in the Lundin Group of Companies.
Riverstone-s CEO, Michael D. McInnis commented, „We are happy to have Ryan join our senior management team. Ryan brings valuable Canadian and International experience which will assist greatly in progressing Riverstone-s exciting future.“
Subject to regulatory approval, the Board has granted Mr. Torvik an option to acquire up to 500,000 common shares in the capital of the Company at $0.64 for a five year period, in accordance with the Company-s Stock Option Plan.
ON BEHALF OF THE BOARD
Michael D. McInnis, Chairman and CEO
Neither 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: Riverstone Resources Inc. – Vancouver Office Dwayne Melrose President 604-801-5020
Riverstone Resources Inc. Raju Wani Investor Relations 403-240-0555
Riverstone Resources Inc. Ron Cooper Investor Relations 604-986-0112
Riverstone Resources Inc. Don Mosher Corporate Development 604-685-6465
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