Riverside to conduct mapping, sampling at Revel

Executive Summary

• Riverside Resources announced the expansion of its REE exploration program in British Columbia, focusing on the carbonatite‑hosted Revel project and additional targets across Canada and Mexico.
• The company is initiating detailed fieldwork—including mapping, spectral/geochemical sampling, and ground geophysics—to delineate high‑grade REE zones and prepare for first‑pass drilling.
• Riverside reiterates its “project generator” model, aiming to advance discoveries toward partnerships, option agreements, or spin‑outs while limiting dilution for shareholders.

Key Details

• Revel Project Focus: Carbonatite unit identified in Southern British Columbia with infrastructure access north of the Trans‑Canada Highway; several‑kilometre scale potential.
• Exploration Activities:
• Detailed surface mapping and spectral analysis.
• Geochemical sampling program to vector high‑grade REE zones.
• Ground geophysical surveys (e.g., magnetic, radiometric) to refine target geometry.
• Drilling Plans: Baseline permitting underway; first‑pass drilling planned once exploration results are consolidated.
• Pipeline Expansion: Parallel work on additional REE targets in Canada and Mexico to generate future partnership or spin‑out opportunities.
• Business Model Emphasis: Continue using disciplined discovery‑to‑transaction approach—partner financing, option agreements, or corporate transactions while retaining equity/royalty interests.
• Recent Share Distribution Reference: Mention of the 2025 Blue Jay Gold share distribution (5‑for‑1) as an example of past value‑creation actions.
• Qualified Person: Technical data reviewed and approved by Freeman Smith, P.Geo., qualified under NI 43‑101.

Notable Quotes

“Rare earth elements have been one of the focuses for Riverside… we see a near‑to‑infrastructure‑accessible carbonatite system with large (several kilometres) scale potential and are advancing this project with staged work programs that tighten the geology, derisk access and set up clear next stages of mineral exploration.” – John‑Mark Staude, CEO

Materiality Assessment: Non‑Material – Positive (program expansion provides positive operational insight but does not contain immediate financial or earnings impact).