February 4, 2011 – Vancouver, BC: Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI) announces a private placement financing of up to 5,300,000 common share units at a price of $0.95 per unit for gross proceeds of $5,035,000. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share of Riverside for a period of two years after the closing date at a price of $1.40 per share in the first year and $1.60 per share in the second year. The term of the warrants is subject to an acceleration clause that can be triggered at Riverside’s option if the trading price of the Company’s common shares is $1.90 or higher for 15 consecutive trading days in the first year, or $2.30 or higher for 15 consecutive trading days in the second year. This financing is subject to regulatory approval and all securities issued under the offering will be subject to a four-month hold period. Finder’s fees may be payable on a portion of the financing.

The proceeds received from the sale of units will be used for property acquisitions, targeted drilling and exploration in Mexico, and for general working capital. For more details on Riverside’s anticipated corporate growth plans in 2011please visit www.rivres.com.

About Riverside Resources:

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 $3,000,000 in the treasury and fewer than 25,000,000 shares issued. Riverside is currently working towards finalizing several important events that fit within the Company’s model of growth through partnerships and exploration.

ON BEHALF OF RIVERSIDE RESOURCES INC.

"John-Mark Staude"

Dr. John-Mark Staude, President & CEO

For additional information contact:

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward looking terminology (e.g., "expect”,” estimates", "intends", "anticipates", "believes", "plans"). Such information involves known and unknown risks -- including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.