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.