Pursuant to special resolutions passed by the shareholders of Riverside Resources Inc. on March 31, 2025, Riverside has completed a plan of arrangement under Section 288 of the Business Corporations Act (British Columbia), pursuant to the terms of an arrangement agreement dated Jan. 25, 2025, between Riverside and Blue Jay Gold Corp., a wholly owned subsidiary of Riverside.

Court approval of the plan of arrangement was obtained on April 3, 2025. The TSX Venture Exchange has been advised that the plan of arrangement was completed on May 22, 2025.

Pursuant to the plan of arrangement, on the effective date, Riverside: (i) reclassified and redesignated its existing common shares as Class A shares; (ii) created a new class of common shares; and (iii) distributed to the shareholders of Riverside (a) one new Riverside share and (b) one-fifth of one Blue Jay common share for every one Class A share.

The full particulars of the plan of arrangement are set forth in the Riverside information circular, dated as of Feb. 18, 2025, which is available under Riverside's profile on SEDAR+.

Substitutional listing

In connection with the plan of arrangement, the new Riverside shares will commence trading at the opening of business on Monday, May 26, 2025, in substitution for the old Riverside shares.

Postarrangement

Capitalization:  unlimited common shares with no par value, of which 74,783,464 common shares are issued and outstanding

Escrowed shares:  zero common shares

Transfer agent:  Endeavor Trust Corp.

Trading symbol:  RRI (unchanged)

Cusip No.:  76927E 10 9 (new)

Delisting

In conjunction with the closing of the plan of arrangement, the old Riverside shares will be delisted from the exchange. Accordingly, effective at the close of business, Friday, May 23, 2025, the old Riverside shares will be delisted.