Riverstone Resources Inc. (TSX VENTURE:RVS)(OTCQX:RVREF)(FRANKFURT:3RV)
("Riverstone" or the "Company") announces that effective in 2012 it has changed
its financial year-end from October 31 to December 31 in order to align the
Company's year-end with that of its various subsidiaries, which operate on a
calendar fiscal year-end. On December 11, 2012 the Company filed an interim
financial report for its transition year for the period ended October 31, 2012
and will file annual financial statements for the year ended December 31, 2012
on or before April 30, 2013.


In accordance with National Instrument 51-102 Continuous Disclosure Obligations
the Company also filed a Notice of Change of Financial Year-End, which can be
found under the Company's profile at www.sedar.com.


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 Gold Project in Burkina Faso, West
Africa (the "Karma Project"), which 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 (see Riverstone's 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
(www.sedar.com) November 7, 2012). 


Paul 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 Riverstone and its activities may be found on
Riverstone's website at www.riverstoneresources.com and under Riverstone's
profile at www.sedar.com. 


ON BEHALF OF THE BOARD 

Ryan E. Torvik, Chief Financial Officer

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 updated resources estimate, the assumptions set forth in this news release
and in the Company's news release of 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 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: 
Riverstone Resources Inc. - Vancouver Office
Ryan E. Torvik
Chief Financial Officer
604-801-5020


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
info@riverstoneresources.com
www.riverstoneresources.com

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