Riverside Signs Option Agreement With Centerra Gold Inc. for Tajitos Gold Project in Sonora, Mexico


VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 20, 2015) –Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(FRANKFURT:R99)(OTC PINK:RVSDF), is pleased to announce that it has entered into an Option Agreement (the “Agreement”) with Centerra Gold Inc. (“Centerra”), whereby Centerra can acquire a 70% interest in the Company’s Tajitos Project (the “Project”). In order to exercise the option, Centerra must incur $6,000,000 USD in aggregate exploration expenditures within approximately four (4) years of signing the Agreement (see table below). Riverside will act as the Project Manager and collect management fees until the earlier of December 31, 2017 or $2,000,000 in exploration expenditures have been completed, after which point Centerra may elect a different Project Manager if they so choose.

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