VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 2, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99) is pleased to announce that Carol Ellis and Walter Henry have joined the board of directors.
John-Mark Staude, President and CEO, stated: “Carol Ellis and Walter Henry bring solid experience and diverse skillsets that will nicely complement the Company‘s existing board. We are very pleased to add two quality and well-respected contributors to the Riverside team.”
Carol Ellis consults on mining, exploration and venture strategy and is based in Vancouver. Ms. Ellis has diverse experience in the junior resource sector, recently as an investment banker with a full service dealer headquartered in Vancouver, and previously as a manager with the TSX Venture Exchange, a mining analyst with a boutique investment company and as vice-president investor relations with a junior resource company. She started her career as a geologist with the federal government in Yellowknife, NWT, promoting mineral exploration in Canada’s north. She holds a B.Sc. in Geological Sciences; an MBA from Queen’s University and is a Professional Geoscientist. Ms. Ellis is a past Director of AME BC.
Walter is currently President of Frontline Gold Corporation, holds a BA in Political Science/Economics, and has several years’ experience in the finance and mining industries. He served with CIBC, BNP Paribas, and PriceWaterhouseCoopers where he managed portfolios and arranged project financing totaling over $1 billion.
Since 2003, he has since held executive positions with Tiberon Minerals, Royal Nickel Corporation, Alturas Minerals, and Satori Resources Inc. He currently holds various Chairman, Audit Committee Chairman and Director roles, in the following companies: Alexandria Minerals Corporation, Alturas Minerals Corp., Merrex Gold Corp, and Platinex Inc. Mr. Henry has completed the requirements of the CFA program and Institute of Corporate Directors – Director Education Program.
Resignation of Vice President of Exploration
Dr. Greg Myers has resigned as Vice President of Exploration to pursue other interests. We thank Dr. Myers for his service as an officer of the Company and wish him well with his future endeavours.
About Riverside Resources Inc.:
Riverside is a well-funded exploration team of focused, proactive gold discoverers. The Company currently has approximately $4,000,000 in the treasury and approximately 37,300,000 shares outstanding. The Company’s model of growth through partnerships and exploration uses the prospect generation business approach to own resources, while partners share in de-risking projects on route to discovery and development. For more information please visit the Company’s website at www.rivres.com.
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.