RRI Riverside Resources Inc

Riverside Resources Inc. ("Riverside" or the "Company") (TSX
VENTURE:RRI)(PINKSHEETS:RVSDF)(FRANKFURT:R99) is pleased to announce the signing
of a three year, C$2.25M strategic exploration alliance (the "Alliance") with
Hochschild Mining Holdings Limited ("Hochschild"), for generative exploration
throughout the prolific Mega-shear Gold Belt in western Sonora, Mexico. The
Alliance will focus on identifying potential new large precious metal deposits
using Riverside's extensive technical knowledge and experience in Sonora.
Hochschild will fund C$750,000 on an annual basis (C$2.25M over three years) for
generative exploration and Riverside will be the operator for all exploration
activities of the Alliance, while all decisions relating to the Alliance will be
made jointly through a Technical Committee ("TC") comprising two (2)
representatives from each of Riverside and Hochschild similar in structure to
other exploration alliances that Riverside is currently operating in Canada and
Mexico. 


Properties that are identified and deemed to be of interest will become
Designated Properties whereby Hochschild will have the opportunity to earn a 65%
interest by completing a four year, C$5,000,000 work program per property. As
per the Agreement, once earn-in on a Designated Property is completed,
Hochschild would make a one-time payment to Riverside of C$3,000,000 and the
property would then be advanced under a joint venture agreement. 


Riverside's President and CEO, John-Mark Staude, stated, "Riverside has
tremendous exploration and technical strength in Sonora, and this strategic
partnership brings capital and operating experience to further strengthen and
accelerate exploration efforts in the region." Staude added, "We are excited to
get going with Hochschild and already have a number of high priority targets to
pursue immediately. We look forward to building a solid relationship with
Hochschild and are confident this partnership will add significant value to both
organizations."


Hochschild's CEO, Ignacio Bustamante, commented, "'We are looking forward to
working with Riverside and are confident that the significant exploration and
technical knowledge and experience their team brings to this strategic alliance
will prove beneficial for both Companies."


Key Alliance Terms:

The Alliance will focus on gold deposits but will include deposits that may have
elements ancillary and in addition to gold, including but not limited to silver,
copper, and molybdenum. Unless otherwise specified, Riverside will be the
designated operator for all exploration activities of the Alliance. All property
acquisitions will be in the name of Riverside until earn-in is completed.


Projects designated for further advancement will enter the earn-in phase of the
Agreement. To complete the earn-in, Hochschild must spend a minimum of
$5,000,000 in exploration expenses with respect to the property within four (4)
years from the date the property becomes a Designated Project, with a minimum
expenditure of $1,000,000 in each of the first year and the second year
(collectively the "Milestone"). If Hochschild fails to meet the Milestone,
Riverside would have the right but not the obligation to acquire 100% ownership
of the Designated Project. At any time after the completion of the Milestone,
Hochschild can elect to enter into a formal joint venture agreement with
Riverside (incorporated or unincorporated), provided that it makes a one-time
cash payment to Riverside of $3,000,000 and has completed the minimum work
investment. If Riverside's interest in a Designated Project is reduced to 10% or
less, its interest will be converted to a 2% NSR. 


For further information on the Hochschild-Riverside Strategic Alliance, please
contact our investor relations team at 778-327-6671 or toll-free in North
America at 1-877-RIV-RES1. Further details on the Alliance can also be found on
the Company website at www.rivres.com. 


About Hochschild Mining plc:

Hochschild Mining plc is a leading precious metals company listed on the London
Stock Exchange (HOCM.L / HOC LN) with a primary focus on the exploration,
mining, processing and sale of silver and gold. Hochschild has almost fifty
years' experience in the mining of precious metal epithermal vein deposits and
currently operates four underground epithermal vein mines, three located in
southern Peru and one in southern Argentina. Hochschild also has numerous
long-term projects throughout the Americas.


About Riverside Resources Inc.:

Riverside is a well-funded prospect generation team of focused, proactive gold
discoverers with the breadth of knowledge to dig much deeper. The Company
currently has approximately $6,500,000 in the treasury and 37,000,000 shares
outstanding. The Company's model of growth through partnerships and exploration
looks to use the prospect generation business approach to own resources, while
partners share in de-risking projects on route to discovery. Additional property
information can be found on the Company's website at www.rivres.com.


ON BEHALF OF RIVERSIDE RESOURCES INC.

Dr. John-Mark Staude, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Riverside Resources Inc.
John-Mark Staude
President & CEO
(778) 327-6671
(778) 327-6675 (FAX)
info@rivres.com


Riverside Resources Inc.
Joness Lang
Manager, Corporate Development
(800) RIV-RES1
(778) 327-6675 (FAX)
jlang@rivres.com
www.rivres.com

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