Riverside Adds Dr. Michael Doggett As Independent Director And Dr. Alan Carter As Advisor To Board
August 8 2008 -- Vancouver, BC: Riverside Resources Inc. (TSX-V: RRI) is pleased to announce, that Dr. Michael Doggett will join its board of directors and Dr. Alan Carter has agreed to join the advisory board, subject to receipt by Riverside of all necessary regulatory approvals.
"We are very pleased to welcome both Dr. Doggett and Dr. Carter to our respective boards," said Dr. John-Mark Staude, President and CEO of Riverside. "These gentlemen bring a tremendous depth of knowledge and technical expertise to the many aspects of Riverside's prospect generator business model. I look forward to working with them very closely in many areas of the business of exploration and mining."
Dr. Michael Doggett
Dr. Doggett is a mineral economics consultant based in Vancouver. He holds a B.Sc. degree from Mount Allison University and M.Sc. and Ph.D. degrees from Queen's University where he spent the past 10 years as Director of the Mineral Exploration Master's Program in the Department of Geological Sciences and Geological Engineering.
Dr. Doggett sits on the Board of Directors for five junior mining companies as well as the Prospectors and Developers Association of Canada. He also serves on the Committee for Earth Resources at the U.S. National Academy of Sciences and as an Adjunct Professor at Queen's University and at the Western Australia School of Mines at Curtin University of Technology. In addition to his consulting activities with a range of domestic and international clients, Dr. Doggett has taught professional development seminars in exploration and project evaluation to more than 1000 industry participants in a dozen countries.
Dr. Alan Carter
Dr. Carter has over 20 years of experience in the minerals exploration industry. He spent seven years working for Rio Tinto Corp. in South America and the United Kingdom, and in 1996, he became President and CEO of Balaclava Mines. Dr. Carter joined Billiton Plc in 1998 and in 2000 moved from Lima, Peru, to Vancouver. Following the merger of Billiton with BHP, he assumed the role of Manager, Business Development, within the BHP Billiton Exploration Group and was the Chief Operating Officer of Peregrine Diamonds Ltd. from mid-2004 to late 2006. Dr. Carter is currently the President and CEO of Magellan Minerals Ltd., and a director of Peregrine Diamonds Ltd and Cincoro Capital Corp. He has a B.Sc. degree in Geology from the University of Nottingham, U.K. and a Ph.D. degree from the University of Southampton, U.K.
Pursuant to the Companys stock option plan, and subject to the TSX-V approval, the Board of Directors has granted 582,500 Options to certain Directors, Officers and Consultants to purchase shares in the capital stock of the Company.
Riverside Resources operates a prospect generator business model leveraging an experienced management team, a proprietary geological database and local knowledge to identify and acquire high-quality exploration opportunities. In its first year, Riverside has acquired six properties: five located in Mexico and the Sugarloaf Peak Gold project located in Arizona, USA. For more information please visit: www.rivres.com.
For additional information contact:
President & CEO
Riverside Resources Inc.
Phone: (778) 327-6671
Fax: (778) 327-6675
Certain statements in this press release may be considered forward-looking information, which statements can be identified by the use of forward looking terminology (e.g., "expect" or "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. Riverside disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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