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February 16, 2009 Investor Update
RIVERSIDE RESOURCES PLANS FOR 2009
Dear Investors,
Riverside Resources continues to grow through carefully managed exploration programs and prudent expenditure of its precious C$3M. The Company�s business plan is evolving with the changing commodity prices and overall investment climate. Riverside�s business of entering high quality mineral properties at bargain values, adding value through exploration, and joint venturing the projects fits for the current economic climate, although it requires that Riverside focus more on generating advanced and drill ready projects.
Several significant events highlight the Riverside team�s commitment to growth through exploration, strategic alliances and joint ventures in theUS and Mexico over the past year.
- The acquisition and advancement of the Sugarloaf Peak Project
- NI 43-101 Report on Sugarloaf Data
- El Capitan Target Drill Results.
- Identification of 4 gold and silver targets on The Penoles Project.
- The property farm outs to Arcus Development.
- The Private Placements with the Kinross Gold Corporation, Global N.R. Holdings S.A. and the Rule Family Trust.
- The Exploration Alliance with Kinross Gold Corporation.
During 2009, Riverside will continue to add value to its properties in the US and Mexico as well as create partnerships to advance projects through drilling and resource development. Both the Sugarloaf Peak and Penoles projects appear to have the potential to host open pitable gold deposits and will be the main priority for the first half of 2009. The other Mexican properties in the portfolio, including the Libertad and Cerro Azul have shown potential with high grade gold and copper values. In addition, Riverside will begin identifying and exploring prospective properties in the Mesa Central Region in Mexico in order to progress the Exploration Alliance with Kinross Gold Corporation.
Riverside is continuing to expand its shareholder base by creating awareness of the Company�s past success and future opportunities. The Company was most recently highlighted by John Kaiser, in The Bottom Fish Report, and by James West in a Midas letter article titled, �Kinross Picks Riverside for Discovery Potential�. The Company has also partnered with www.goldinvestor.com for a 5 ounce gold bar give away, contest ends March 31st. Participants can sign up at www.goldinvestor.com.
Upcoming Events:
1) PDAC Conference, Toronto:
a. Booth 2223B, March 1-2, 2009
b. Presentation 11:00am March 4, 2009. Room 801A South Building of the Metro Toronto Convention Centre
2) Atlanta Investment Conference, Chota Falls, Clayton, Georgia:
a. April 23-25, 2009
The Riverside team will continue to create shareholder value in the coming months by solidifying joint-venture agreements in order to advance Riverside �s property portfolio and add to the historic (non NI 43-101 compliant) 1.2 million ounces of in situ gold.
Sincerely Yours,
John-Mark Staude
President & CEO Riverside Resources
Certain statements in this investor update may be considered forward-looking information, which 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 Investor Update.
John-MarkStaude President & CEO, Director Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.com
Alex Mason Corporate Communications Manager Riverside Resources Inc. info@rivres.comPhone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.comThe TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this investor update.
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Riverside Resources Inc.
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EXPLORATEUR |
CODE : RRI.V |
ISIN : CA76926M1023 |
CUSIP : 76926M 10 2 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Riverside resources est une société d’exploration minière d'or et d'argent basée au Canada. Riverside resources détient divers projets d'exploration au Mexique. Ses principaux projets en exploration sont MARAVILLAS, TAJITOS, CHAPALOTA, SUGARLOAF PEAK, CERRO AZUL, PENOLES, LIBERTAD, VENTOSA et CATRINA au Mexique. Riverside resources est cotée au Canada. Sa capitalisation boursière aujourd'hui est 6,6 millions CA$ (4,8 millions US$, 4,4 millions €). La valeur de son action a atteint son plus haut niveau récent le 13 juin 2008 à 1,38 CA$, et son plus bas niveau récent le 02 décembre 2022 à 0,10 CA$. Riverside resources possède 43 830 000 actions en circulation. |