Riverside Resources Inc. has an option agreement to acquire a 100% interest in the Sugarloaf Peak Gold Project located west of Quartzsite, Arizona, USA from a private Arizona based company (April 17, 2008). The property covers over 12 km² and has been the object of intermittent drilling and small scale mining during the 1950's through 1990's resulting in a historic, non 43-101 compliant, estimated resource of more than 1.2 million ounces of 0.6 g/t gold average grade with higher grade zones to be delineated. This is an historic resource and the company has not yet completed sufficient work to confirm it and it therefore cannot be relied upon. In 2009 Riverside completed a drill program on the property that successfully substantiated a portion of the historic data, while testing the geologic model at depth. Drilling targeted the southern portion of the 4 km² surface gold anomaly and was not focused on duplicating previous work by twinning historic drill holes. Riverside completed five angled diamond drill holes on the property for a total of 1,125 meters to a maximum true depth of over 200 meters in any one hole. The drill program consistently intercepted gold mineralization comparable to operating mines in the region, which include the El Chanate Mine (operated by Capital Gold), the Herradura Mine (operated by Newmont), and the Mesquite Mine (operated by New Gold). Results from the drill program can be found on the Property Details Page.