Mr. John-Mark Staude reports

RIVERSIDE RESOURCES INC. ANNOUNCES $1,500,000 PRIVATE PLACEMENT

Riverside Resources Inc. plans to complete a non-brokered private placement of up to 9,375,000 units at a price of 16 cents per unit to raise aggregate proceeds of $1.5-million.

Each unit consists of one common share and one whole common share purchase warrant. Each common share purchase warrant is exercisable into one common share for a period of two years from closing at a price of 22 cents. If, at any time after four months following the closing of the offering, the closing price of the common shares on the TSX Venture Exchange is equal or greater than 45 cents for 10 consecutive trading days, the company may accelerate the expiry date of the warrants by disseminating a press release announcing the new expiry date whereupon the warrants will expire on the 30th trading day after the date on which such press release is disseminated.

The company will use the proceeds of the financing to finance a focused drill program at the Cecilia gold project, additional project acquisitions and further target refinement on existing projects to advance toward new partnerships. The company may pay finders' fees in cash or units to qualified finders of up to 8.0 per cent of the aggregate gross proceeds realized from subscribers identified by the finder. The closing of the private placement is subject to TSX-V approval.

About Riverside Resources Inc.

Riverside is an exploration company driven by value generation and discovery. Riverside has extensive experience and knowledge operating in Mexico and has leveraged its large database to generate a portfolio of prospective mineral properties. In addition to Riverside's own exploration spending, the company also strives to diversify risk by securing joint venture and spinout partnerships to advance multiple assets simultaneously and create more chances for discovery.

We seek Safe Harbor.