Riverside Resources TSXV:RRI Stock Report

Riverside Resources Inc. Hits Gold in First Five Drill Holes At the Oakes Project

Riverside Resources Inc. reported assay results for the first five drillholes from the Company's twelve-hole, 1,700 meter diamond drill program completed at the Oakes Gold Project (the Project) in the Geraldton Gold Belt of northwestern Ontario, Canada. The primary focus of the program is the HG Target (HG) originally identified by field geology and Mag-VLF, and further refined with follow up IP geophysics and trenching exploration programs compiled and expanded through Riverside work. Results from the first 5 holes focused on the central area of the HG Target identified and expanded by Riverside's 2021 IP program. All holes intersected anomalous gold in the anticipated target "zone" with the widest drilled interval so far being 5 m estimated true thickness with 2.1 g/t Au in hole DDH2022-02 and the highest assay value being 8.4 g/t over 1 m with visible gold. All 12 holes were drilled to between 126 m and 146 m total depth with one hole (DDH2022-08) being terminated at 115 m where it intersected a fault and could not continue. Samples are generally considered to be 90-95% to true width. Technical Interpretations & Observations: Mineralized zones are being successfully hit in the drilling program and are associated with altered mafic volcanics intercalated with thin sections of metasediments and narrow tuffaceous sections showing minor hydrothermal breccia. Core near the top of these holes comprises strong chloritic alteration with overall strong silicification and lesser carbonate bleaching along foliation and bands of biotite alteration throughout. Quartz veins make up about 5% of the mineralized zones with pyrite and pyrrhotite fracture fillings and blebs being a key mineralization an indicative feature so far in this early stage of drilling analysis. Overall, mineralization increases with depth comprising pyrite-pyrrhotite up to 3% total sulfides. Semi-massive pyrite-pyrrhotite was noted in several holes and correlates to increased gold content. Visible gold was found in two holes associated with pyrite and lesser pyrrhotite in areas of quartz veining. The end of the zones is often marked by sections of millimeter-scale porphyroblastic garnets. At Holes -01, -07 and -08 gabbroic units mark the beginning of the mineralized zones (assays are pending on the higher numbered holes). Gabbroic units are usually dark, medium-grained, slightly magnetic, moderately silicified rocks with minor disseminated pyrite and traces of pyrrhotite and chalcopyrite. These geologic aspects will form the basis for developing the third dimension and understanding of the HG zone which continues to be progressing. The Oakes project is located 25 km northeast of Equinox Gold's Hardrock Deposit along the Trans-Canada Highway providing excellent access and allowed for efficient drilling completing work under budget and faster than initially planned leaving more funds to undertake an drone magnetic geophysics survey and follow up with the summer field exploration, mapping and sampling program. The Hardrock Deposit is currently projected to produce 400,000 ounces of gold per year and has estimated resources of over 5Moz of gold making this a major deposit for Canada and Riverside seeks this as a target analogue for the Oakes Property. Drilling at Oakes is the first drilling for Riverside's self-funded work to advance the Project beyond the IP and surface work the Company completed over the last two years.

Riverside Resources Inc. Appoints Wendy T. Chan as Director

Riverside Resources Inc. announced that the Company has appointed Wendy T. Chan as an Independent Director. Her expertise will be extremely valuable to Riverside's corporate strategic development progress. Wendy has over 20 years' experience in developing and executing strategic plans for major companies with global outreach, with a focus on mergers and acquisitions, joint-ventures and cross-cultural strategic alliances. Wendy replaces Carol Ellis. Carol, for personal career direction has decided to complete being a director and move to other endeavors. Carol has provided strong business and financial guidance to Riverside for over 5 years especially in the areas of audit and compliance.

Riverside Resources Inc. Expands Drilling Program at Oakes Gold Project, Ontario and Provides Update on Initial Findings

Riverside Resources Inc. expanded its drilling program at the Oakes Project in Ontario, Canada. The company initiated the program in March with a planned 1500 metres (m) of drilling and has now completed 1705m across 12 drill holes. The drill program was designed to test IP geophysical anomalies that were defined through Riverside's 2021 program and coincided with anomalous surface geochemical sampling completed by Riverside. Drilling is now complete with logging, core cutting and sampling now underway. The company has shipped the first three holes to ACT Labs in Thunder Bay for analysis and is expecting to have all core samples delivered to ACT Labs during April. Assay results are expected later in second quarter, 2022 and will be released once reviewed and interpreted. Observations from the core to this point is consistent with surface findings showing similar patterns of mineralization and lithologies from hole to hole along the HG Target, where the initial seven drill holes were focused. The mineralized zone is described as a quartz-carbonate veining system characterized by disseminated to semi massive pyrite, pyrrhotite, chalcopyrite mineral assemblage. These observations are similar to the mineralization noted in the previously completed sampling which returned anomalous values for gold.

Riverside Resources Inc. Announces Drill Program At the 100% Owned Oakes Gold Project in Northwestern Ontario, Canada

Riverside Resources Inc. announced the drill program at the 100% owned Oakes Gold Project (the "Project") in northwestern Ontario, Canada. The first holes of the drill program will be targeting the principal HG Target ("HG" or "High Grade") previously identified during the 2020-2021 exploration work programs. Additional holes are planned to test parallel IP anomalies identified as the Crib and Brinklow targets to the south and west of HG. Previous exploration work at Oakes has included induced polarization (IP) surveys, field mapping, geochemical assay, sampling and trenching. Much of this target generation work was funded by a previous partner and Riverside has now commenced a 1,500 metre drill campaign to test targets with demonstrated high-grade surface values up to 31.9 g/t Au, correlatingwith high resistivity geophysical anomalies. The Oakes project is located 20 km northeast of Equinox Gold's Hardrock/Greenstone Deposit along the Trans-Canada Highway. The Hardrock/Greenstone Project has Proven & Probable Reserves of 5.5Moz at 1.27 g/t Au. Drilling at Oakes is the first step for Riverside's self-funded work to advance the Project beyond the IP and surface work the Company completed over the last two years. The proposed drill program consists of 12 inclined diamond drill holes totaling 1,500m. The HG Target is the primary target deducted from field work. Corresponding geophysics is a linear, northwest trending structure identified through an IP survey. The IP work was followed up by stripping and trenching which returned high-grade rock chip and channel assays.

Riverside Resources Inc. announced that it has received CAD 0.720475 million in funding