Riverside Resources Completes First Financing for Ravena Resources Corp. in Advance of Proposed TSX Venture Spinout

VANCOUVER, British Columbia, July 13, 2026 (GLOBE NEWSWIRE) -- Riverside Resources Inc. (“Riverside” or the “Company”) (TSX-V: RRI) (OTCQB: RVSDF) (FSE: 5YY0) is pleased to announce that it has completed an internal reorganization (the “Reorganization”) of its subsidiary, formerly named RRI Holdings Limited and now renamed Ravena Resources Corp. (“Ravena”), and that Ravena has completed an initial founders’ financing (the “Founder Financing”). The Reorganization and Founder Financing are the first steps in Riverside’s plan to spin out its portfolio of gold-silver and copper-gold exploration projects in Sonora, Mexico into a separately listed company on the TSX Venture Exchange (the “Exchange” or “TSX-V”), a process that could occur following additional financing and shareholder approval, consistent with Riverside's approach with Capitan Silver (CAPT.V) and Blue Jay Gold (JAY.V) over the past several years.