Riverstone Resources Inc.

TSX VENTURE: RVS
FRANKFURT: 3RV

Mar 12, 2010 16:21 ET

VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 12, 2010) –

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Riverstone Resources Inc. (TSX VENTURE:RVS)(FRANKFURT:3RV) (“Riverstone” or the “Company”) is pleased to announce that it has entered into an agreement with Fraser Mackenzie Limited (“Fraser Mackenzie”), on behalf a syndicate of underwriters led by Fraser Mackenzie and including Macquarie Capital Markets Canada Ltd. and PI Financial Corp., pursuant to which the underwriters have agreed to purchase 16,090,000 units of the Company on a bought deal basis, at a price of $0.60 per unit for aggregate gross proceeds to the Company of approximately $9.65 million. Each Unit will consist of one common share (a “Common Share”) and one-half of one common share purchase warrant (each whole purchase warrant, a “Warrant”). The securities are subject to customary securities legislation hold periods.

Each Warrant will entitle the holder to acquire one Common Share at a price of $0.85 for a period of 18 months from the date of closing.

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For more information, please contact

Riverstone Resources Inc.
Michael D. McInnis
President
604-801-5020
or
Riverstone Resources Inc.
Raju Wani
Investor Relations
403-240-0555
info@riverstoneresources.com
www.riverstoneresources.com

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