Riverside Resources Inc. reported assay results for the first five drillholes from the Company's twelve-hole, 1,700 meter diamond drill program completed at the Oakes Gold Project (the Project) in the Geraldton Gold Belt of northwestern Ontario, Canada. The primary focus of the program is the HG Target (HG) originally identified by field geology and Mag-VLF, and further refined with follow up IP geophysics and trenching exploration programs compiled and expanded through Riverside work. Results from the first 5 holes focused on the central area of the HG Target identified and expanded by Riverside's 2021 IP program.

All holes intersected anomalous gold in the anticipated target "zone" with the widest drilled interval so far being 5 m estimated true thickness with 2.1 g/t Au in hole DDH2022-02 and the highest assay value being 8.4 g/t over 1 m with visible gold. All 12 holes were drilled to between 126 m and 146 m total depth with one hole (DDH2022-08) being terminated at 115 m where it intersected a fault and could not continue. Samples are generally considered to be 90-95% to true width.

Technical Interpretations & Observations: Mineralized zones are being successfully hit in the drilling program and are associated with altered mafic volcanics intercalated with thin sections of metasediments and narrow tuffaceous sections showing minor hydrothermal breccia. Core near the top of these holes comprises strong chloritic alteration with overall strong silicification and lesser carbonate bleaching along foliation and bands of biotite alteration throughout. Quartz veins make up about 5% of the mineralized zones with pyrite and pyrrhotite fracture fillings and blebs being a key mineralization an indicative feature so far in this early stage of drilling analysis.

Overall, mineralization increases with depth comprising pyrite-pyrrhotite up to 3% total sulfides. Semi-massive pyrite-pyrrhotite was noted in several holes and correlates to increased gold content. Visible gold was found in two holes associated with pyrite and lesser pyrrhotite in areas of quartz veining.

The end of the zones is often marked by sections of millimeter-scale porphyroblastic garnets. At Holes -01, -07 and -08 gabbroic units mark the beginning of the mineralized zones (assays are pending on the higher numbered holes). Gabbroic units are usually dark, medium-grained, slightly magnetic, moderately silicified rocks with minor disseminated pyrite and traces of pyrrhotite and chalcopyrite.

These geologic aspects will form the basis for developing the third dimension and understanding of the HG zone which continues to be progressing. The Oakes project is located 25 km northeast of Equinox Gold's Hardrock Deposit along the Trans-Canada Highway providing excellent access and allowed for efficient drilling completing work under budget and faster than initially planned leaving more funds to undertake an drone magnetic geophysics survey and follow up with the summer field exploration, mapping and sampling program. The Hardrock Deposit is currently projected to produce 400,000 ounces of gold per year and has estimated resources of over 5Moz of gold making this a major deposit for Canada and Riverside seeks this as a target analogue for the Oakes Property.

Drilling at Oakes is the first drilling for Riverside's self-funded work to advance the Project beyond the IP and surface work the Company completed over the last two years.