Riverside Resources Adds James Clare, LLB As Independent Director To Board
June 20, 2008 - Vancouver, BC: Riverside Resources Inc. (TSX-V: RRI) is pleased to announce, subject to receipt by Riverside of all necessary regulatory approvals, that Mr. James Clare will join the board of directors of Riverside, evidencing that the company continues to grow and build a strong, diverse and largely independent board. Mr. Warwick Smith has chosen to step down as a director of Riverside but will be joining the advisory committee.
James Clare is a lawyer at Fraser Milner Casgrain in Toronto specializing in Mining, Corporate Securities, and Merger and Acquisition. Mr. Clare has worked at the Ontario Securities Commission in the Corporate Finance Branch and on numerous resource transactions in the resource sector. He has significant experience in Canadian and international public and private corporate finance transactions, representing both issuers and underwriters. He has also advised public issuers on general corporate and securities law matters including stock exchange listings, continuous disclosure obligations and other regulatory compliance issues. Mr. Clare is also a member of the board of directors for Skygold Ventures Ltd.
President and CEO, John-Mark Staude, states "We are excited to have Mr. Clare contribute to the board and bring his legal knowledge of agreements, finance, and public companies. This is another solid step for the Riverside shareholders as we work to build a dynamic, robust corporation."
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. With the addition of Mr. Clare, bringing a strong legal background to the board is a key step in continuing to develop a leading exploration business.
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
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.