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February 6, 2008 - Vancouver, British Columbia: Riverside Resources Inc. (TSX-V: RRI) is pleased to announce a proposed non-brokered private placement of $2,295,000 through the issuance of 2,550,000 units at $0.90 per unit.

Global NR Holding SA, a Luxembourg-based holding company which is controlled by the Lundin family, has subscribed to purchase 818,580 units, and Exploration Capital Partners 2005 Limited Partnership, which is controlled by the Rule Family Trust, has subscribed to purchase 1,395,000 units. Insiders and other investors are expected to subscribe for the remaining 336,420 units.

Each unit will consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional share for a period of two years at a purchase price of $1.30 per share. If, after the expiry of all resale restrictions, the volume-weighted average share price of Riverside is $1.80 or greater on the TSX Venture Exchange for any consecutive 20 days of trading, Riverside may, at its discretion, provide notice of an earlier expiry date of the warrants, in which case the warrants shall expire 20 business days after giving such notice.

A finder's fee of 6.5 per cent, payable in units, will be paid other than in respect of purchases by insiders.

The proceeds from the private placement will be used to further advance Riverside's exploration and property acquisition program in Mexico as well as fund ongoing working capital requirements.

This private placement is subject to acceptance by the TSX Venture Exchange. All common shares issued in connection with the placement, including any shares issued on exercise of the warrants, will be subject to a four month hold period from closing.

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., outcomes "expected" to occur). Such information involves known and unknown risks, uncertainties and other factors -- including the availability of funds, the results of financing and exploration activities, the interpretation of drilling results and other geological data, project cost overruns 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.

Riverside operates with a generative mineral exploration business model using experienced local prospectors, explorers and geologists to identify and acquire high quality mineral opportunities. Riverside seeks to acquire high quality properties in undervalued situations. To date Riverside has announced several property acquisitions which are summarized at www.rivres.com, and continues building a diverse mineral property portfolio.

For additional information contact:

Robert J. Scott,
Chief Financial Officer
Riverside Resources Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com
John-Mark Staude,

President & CEO
Riverside Resources Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: (778) 327-6671
Fax: (778) 327-6675
Web: www.rivres.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.