Riverside Resources (TSX-V: RRI) CEO John-Mark Staude on Start of Drilling Program at Glor Project with Centerra Gold, Upcoming Catalysts at Cecilia and Clemente Projects

April 18, 2017

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is President and CEO of Riverside Resources (TSX-V: RRI)(OTC: RVSDF), Mr. John-Mark Staude. John-Mark, thank you for joining me this evening.

John-Mark Staude: Gerardo, great to be on the show.

Gerardo Del Real: Well, you had a news release today that I wanted to touch on. And the headline reads, Riverside Resources and Centerra Gold Report Additional Trench Results and Commence Drilling at the Glor Gold Project. It's a drill program that I'm excited about. We talked a bit off the air about some of the trench results. You've had intervals of 105 meters, averaging nearly half a gram a tonne of gold. Talk to us about the drilling that's going on and the details of the drill program.

John-Mark Staude: Well, we're excited to have the drill program. It's a 2,000 meter program. Each hole is about 250 meters, so it's starting right at the surface. So it's a shallow, open pit, oxide heap leach gold target, very much like the mines that are nearby, mines next door like Chanate Mine run by Alamos Gold, like the Herradura Mine run by Fresnillo. We're excited to have near-surface gold, trenching gold, and now drilling. So yeah, we're on track. As we promised for 2017 we'd be drilling and we're very excited to have the drill rig now going.

Gerardo Del Real: Excellent, excellent. I know the news release mentions the Cecilia Project and partner-funded Clemente Project activity in the near future. Can we talk a bit about that?

John-Mark Staude: Yeah, that's going well also. At Clemente, we have the partner Silver Viper, who are actually going through the IPO process. So Riverside's delighted to have a whole whack of shares, have cash payments to us, and have our partner project, the Clemente Project, moving ahead. And at Cecilia, we're excited to have that moving ahead. That's a big dome. We're doing the geology there, 100% Riverside, so we'll have the results from our sampling and pushing ahead on that program as well.

So we have three different things going. The news release today, particularly the new trenching results from Trenches 12 and 14 and 17, which are, again, having about a half a gram intercepts, similar type of mineralization of the nearby mine, are excellent at the Glor Project, and then we'll have the follow up with Cecilia and the work coming through at Clemente. So yeah, Riverside's in a great position right now, with three different catalysts to go forward in the next few weeks. We're right on track.

Gerardo Del Real: Well it sounds like an exciting Q2. I know you're well-funded for it. Could you share with us the cash position? I know you recently closed a financing that was important.

John-Mark Staude: Yeah, we're well cashed up. We have over $6 million Canadian in cash, we have 44 million shares out, tight share structure after 10 years as a public company trading at around 50 cents, so we're delighted to have a good cash position, no debt, and with this drilling funded, particularly in this case, with Centerra Gold, keeps our cash strong, keeps us moving ahead with our work at Clemente. Again, funded 100% by our partner, Silver Viper, Riverside's able to protect that cash, have the ability to go forward, and we're very excited about the upcoming drill results.

Gerardo Del Real: Fantastic, John-Mark. I want to thank you for your time, and I hope that I can have you back on as we start to receive assays and results from that program.

John-Mark Staude: We look forward to it and thanks a lot for your time.

Gerardo Del Real: Thank you.

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