Riverside Resources Signs $1.5 Million IOCG Exploration Alliance With Cliffs Natural Resources Exploration Inc. for the Western Region of Mexico

- June 17th, 2010

Riverside Resources Inc. (TSX VENTURE:RRI)(PINK SHEETS:RVSDF)(FRANKFURT: R99)announced the signing of a significant exploration alliance with Cliffs Natural Resources Exploration Inc. that is tasked with identifying and acquiring Iron Oxide Copper Gold projects in north west Baja California State and along the Pacific coast from western Sinaloa State to Oaxaca State, Mexico.

Riverside Resources Inc. (TSX VENTURE:RRI)(PINK SHEETS:RVSDF)(FRANKFURT: R99)announced the signing of a significant exploration alliance with Cliffs Natural Resources Exploration Inc. that is tasked with identifying and acquiring Iron Oxide Copper Gold projects in north west Baja California State and along the Pacific coast from western Sinaloa State to Oaxaca State, Mexico.

The press release is quoted as saying:

The alliance focuses on identifying major target areas using Riverside’s proprietary Mexico specific databases (with over $8,000,000 invested in development) with extensive field follow up to delineate a minimum of four IOCG deposits within an area of 1,500,000 km². The purpose of the Alliance is to create an affiliation that will benefit from the capital and operating experience of Cliffs, and Riverside’s substantial Mexican experience and exploration expertise. Cliffs will contribute US$750,000 to the Alliance on an annual basis, for a minimum of $1,500,000 to fund the Exploration Program over a two year period, which can be extended upon mutual agreement.

Click here to access the entire press release

Click here to access Riverside Resources Inc. Corporate Site

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