VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 7, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99) has issued a notice of default to Morro Bay Resources Inc. (“Morro Bay”), as Morro Bay has failed to incur the required $750,000 in joint venture expenditures at the Penoles Project by May 16, 2016. The failure of Morro Bay to incur these expenses constitutes a default pursuant to the agreement between Morro Bay and Riverside (see press releases January 20, 2015 and May 5, 2015).