Communicators

RIVERSTONE RESOURCES INC.: COMPANY UPDATE AND OUTLOOK FOR 2009

VANCOUVER, BRITISH COLUMBIA, Jan 30, 2009

Riverstone Resources Inc. ("Riverstone" or the "Company") (TSX VENTURE:RVS)(FRANKFURT:3RV)is pleased to provide a corporate update and an outlook for the Company's activities in 2009. In spite of the difficult market conditions, the Company expects that it will continue its exploration work in Burkina Faso.

The Company has 17 highly prospective exploration permits over a total area of 3,500 square kilometres. The flagship property is the Karma Property where three gold deposits have been extensively evaluated by the Company. An independent mineral resource estimate has been initiated by Wardrop Engineering and is expected to be completed before the end of the 1st quarter. In 2009, the Company plans to continue with further drilling at Karma in an effort to expand the resource and to carry out metallurgical testwork on the gold mineralization.

In April 2008, the Company entered into an arrangement with Teck Cominco Limited ("Teck") whereby Teck would subscribe for $3.5 million units of the Company at a price of $0.60 per unit. In consideration of the placement, Riverstone granted Teck a five-year option to earn up to 51% interest in the Company's Liguidi Malguem property through work expenditures up to $8 million. The subscription for the Placement was structured in two equal tranches of $1,030,000 each. The first tranche was completed on closing. Teck was obligated to complete the second tranche upon the transfer of the permit into the Liguidi Joint Venture providing the transfer of the permit was completed by Dec 7, 2008. The permit has not been transferred and therefore Teck is under no obligation to subscribe for the second placement or continue with the arrangement. Discussions are underway with Teck about their possible involvement once the permit is transferred, but there is no assurance that any alternate arrangement will be made with Teck. The delay in transferring the permit is due to a legal dispute with the minority joint venture participant which the Company is aggressively defending and expects a positive outcome.

Riverstone Resources Inc. is active in gold exploration in Burkina Faso, West Africa, where the company holds an extensive portfolio of high quality exploration permits covering 3,500 square kilometres. For further information about the company and its activities, please refer to the company's website at www.riverstoneresources.com and under the Company's profile at www.sedar.com.

ON BEHALF OF THE BOARD

Michael D. McInnis, P.Eng., President & CEO

Statements in this news release respecting use of the proceeds of the private placement are forward-looking and are based on the assumption that the placement will be fully subscribed and closed. There is no assurance that the private placement will close on the proposed terms or at all, that all necessary approvals will be obtained or that proceeds of the anticipated amount will be raised, in which case the Company may be required to adjust its exploration plans and/or seek financing from alternate sources.

Riverstone Resources Inc.
Michael D. McInnis President
(604) 801-5020

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

Riverstone Resources Inc.
Ron Cooper Investor Relations
(604) 986-0112
Email: info@riverstoneresources.com
Website: www.riverstoneresources.com


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