Riverside Resources Inc. Completes Spin-Out of Shares of Capitan Mining Inc.

Riverside_14082020

Vancouver, British Columbia–(Newsfile Corp. – August 14, 2020) – Riverside Resources Inc. (TSXV: RRI) (OTCQB: RVSDF) (FSE: R99) (“Riverside” or the “Company”) is pleased to announce that it has completed the plan of arrangement (the “Arrangement”) which was previously discussed in press releases dated February 25, 2020, April 1, 2020 and April 6, 2020, with the arrangement to spin out the shares of Capitan Mining Inc. (“Capitan“) to the shareholders of Riverside, effective Friday August 14th, 2020. Capitan and its shareholders will now hold 100% interest of the gold-silver resource at the Peñoles Project. Pursuant to the arrangement, holders of common shares of Riverside on August 13, 2020 will receive one new common share of Riverside (each, a “Riverside Share“) and 0.2594 of a Capitan share (each, a “Capitan Share“) for each common share held. The existing common shares of Riverside were delisted from the TSX Venture Exchange (the “TSXV“) on August 13, 2020. Riverside Shares commenced trading on the TSXV at the market opening on August 14, 2020. The CUSIP numbers for the new Riverside Shares and the Capitan Shares are 76927D101 and 140703109, respectively.

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