RVS True Gold Mining, Inc.

Riverstone Resources Inc. (TSX VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV)
("Riverstone" or the "Company") is pleased to announce that Senet (Pty) Ltd.
("SENET") of Johannesburg, South Africa has been engaged to conduct the
independent definitive Feasibility Study for the Company's flagship Karma Gold
Project (the "Karma Project") in Burkina Faso, West Africa. The Feasibility
Study will entail development of a comprehensive operating plan and cost
estimate for a 3 to 4 million tonne per annum ("Mtpa") open pit, heap leach gold
mine similar to that described in the independent Preliminary Economic
Assessment ("PEA") (see Riverstone news release dated August 20, 2012 and in
dependent NI 43-101 compliant technical report titled, "Preliminary Economic
Assessment Report for the Karma Project, Burkina Faso, West Africa", with an
effective date of August 2, 2012, filed on www.sedar.com ("SEDAR") September 17,
2012) on the Karma Project. The Feasibility Study will be based on a total
indicated, in-pit, resource of free-leaching material containing 1.03 million
ounces of gold (see Riverstone news release dated October 3, 2012, and
independent NI 43-101 compliant technical report titled, "Technical Report and
Updated Resource Estimate on the Karma Project, Burkina Faso, West Africa",
dated effective October 1, 2012, filed on SEDAR November 7, 2012) and will focus
on mining and processing of the free-leaching portions of the deposit only. The
Feasibility Study is scheduled to commence November 2012 and is expected to be
completed in mid-2013.


SENET has a wealth of experience engineering and building mining projects in
Africa. They have demonstrated expertise in heap leach and were engaged in the
construction of the Kalsaka Mine, a 1.6 Mtpa heap leach operation located in
Burkina Faso, 50 km south of the Karma Project site. SENET proposes to
subcontract the mining and heap leach pad and hydrology design portions of the
Feasibility Study to SRK Consulting and Knight-Piesold (Pty) Ltd., respectively,
also of South Africa. 


About Riverstone

Riverstone is active in Burkina Faso, West Africa, where it holds a portfolio of
four high quality exploration projects covering in excess of 2,000 km.
Riverstone's flagship project is the Karma Project, which as reported in the
PEA, comprises a NI 43-101 compliant in-pit Whittle total indicated resources of
approximately 1.9 million ounces of gold in 56.5 million tonnes with an average
grade of 1.07 g/t gold and total inferred resources of approximately 492
thousand ounces of gold in 15.4 million tonnes with an average grade of 1.0 g/t
gold. The results of the PEA, which highlights the Karma Project to have robust
economics, is based on Riverstone's previous January 9, 2012 resource estimate
and while relevant and valid in regards of the January 9, 2012 estimate cannot
necessarily be extrapolated to the updated resource estimate announced on
October 3, 2012. 


The PEA is considered preliminary in nature and includes Inferred Mineral
Resources that are considered too speculative geologically to have the economic
considerations applied to them that would enable them to be categorized as
Mineral Reserves and there is no certainty that the production profile concluded
in the PEA will be realized. Mineral Resources that are not Mineral Reserves
have not yet demonstrated economic viability.


Paul G. Anderson, M.Sc., P. Geo., the Company's Vice-President, Exploration, is
the Company's Qualified Person for the purposes of National Instrument 43-101
and has reviewed and approved the technical contents of this release.


Additional information about the Company and its activities may be found on the
Company's website at www.riverstoneresources.com and under the Company's profile
at www.sedar.com. 


ON BEHALF OF THE BOARD 

Dwayne L. Melrose, President & CEO

Certain statements made and information contained in this news release and
elsewhere constitutes "forward-looking information" within the meaning of
Canadian securities legislation. Such forward-looking statements are based on
certain assumptions and are subject to risks and uncertainties which could cause
actual events or results to differ from those reflected in the forward-looking
statements, including, without limitation, with respect to statements regarding
the PEA, updated resource estimate and Feasibility Study, the assumptions set
forth in this news release and in the Company's news release of January 9, 2012,
August 20, 2012 and October 3, 2012 and risks and uncertainties relating to the
interpretation of drill results and the estimation of mineral resources, the
geology, grade and continuity of mineral deposits, the possibility that future
exploration, development results, completion date of the Feasibility Study,
SENET engagement of subcontractors will not be consistent with the Company's
expectations, accidents, equipment breakdowns, risk of undiscovered, title
defects and surface access, labour disputes, the potential for delays in
exploration and permitting activities, the potential for unexpected costs and
expenses, commodity price fluctuations, currency fluctuations, political risk
and other risks and uncertainties, including those described under Risk Factors
in each management discussion and analysis and in the Company's annual
information form which are available under the Company's profile at
www.sedar.com. Forward-looking information is based on various assumptions
including, without limitation, the expectations and beliefs of management, the
assumed long term price of gold, that the Company will receive required permits
and access to surface rights, that the Company can access financing, appropriate
equipment and sufficient labour and that the political environment within
Burkina Faso will continue to support the development of environmentally safe
mining projects. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements.
Accordingly, readers are advised not to place undue reliance on forward-looking
statements.


This news release may use the terms "measured", "indicated" and "inferred" as
these terms are defined under Canada's National Instrument 43.101. U.S.
Investors are advised that, while such terms are recognized and required by
Canadian regulations, they are not recognized by the United States Securities
and Exchange Commission ("SEC") and may not be comparable to similar information
for United States mining or exploration companies. As such, certain information
contained on this news release concerning descriptions of mineralization and
resources under Canadian standards is not comparable to similar information made
public by United States companies subject to the reporting and disclosure
requirements of the SEC. U.S. investors are cautioned not to assume that any
part or all of the mineral deposits described in these categories will ever be
converted into proven or probable reserves, as defined in the SEC's Industry
Guide No. 7.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Vancouver Office: Riverstone Resources Inc.
Dwayne L. Melrose
604-801-5020
info@riverstoneresources.com


Riverstone Resources Inc.
Don Mosher
Corporate Development
604-685-6465


Riverstone Resources Inc.
Raju Wani
Investor Relations
403-240-0555


Riverstone Resources Inc.
Ron Cooper
Investor Relations
604-986-0112
www.riverstoneresources.com

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