·    Fine to -25mm rock fragments are obtained using Reverse Circulation drilling methods.

·    Every metre drilled was sampled at the drill rig using a rig mounted static cone splitter to collect 2 - 3kg sub samples.

·    Four standard samples, two duplicates and two blanks are inserted with every 100 samples submitted for analysis .

·    A total of 4 composite samples were submitted to ALS laboratory.

·    Four composite samples were taken using the spear sampling method, over 5m intervals per sample, to generate the four composites. Two composite samples were taken from drill hole MWRC002 and two composite samples from MWRC003.

·    Collected samples were chosen using geological observation and represent logged magnetic basalt with magnetite/ titano-magnetite.

·    Reverse circulation drilling with 1m sample interval.

·    Samples consisted of RC chips collected using an inverted 1m cone  to sample the cyclone underflow .

·    Cyclone was "air flushed" at the end of each sample and cleaned every 6m to avoid contamination.

·    Collected chips were logged for geology, alteration, relative abundance of mineral species and mineralisation.

·    This logging is qualitative in nature.

·      Samples collected weighed approximately 2kg.

·      Sample conditions were recorded by field crew during collection.

·      At the laboratory, samples were dried at 105 degrees Celsius before being pulverized using a Tungsten Carbide bowl to avoid contamination.

·      Pulverized samples were then split and a sub-sample used for ICP analysis.

·    Samples were submitted to ALS laboratory for analysis by  Lithium borate fusion XRF and a 4-acid digest with MS/ICP finish for a 48 element suite.

·      The methods utilized are appropriate and typical for the industry for Rare Earth and other tested elements.

·      Results have been verified by company personnel.

·      The REE assay data were converted from reported elemental assays to the equivalent oxide compound as applicable to rare earth oxides. The oxides were calculated from the element according to the following factors:

·      CeO2      1.1526

·      La2O3     1.1728

·      Nd2O3    1.1664

·      Pr6O11   1.2082

·      Ho2O3    1.1455

·      Lu2O3     1.1371

·      Sm2O3   1.1596

·      Tb2O3     1.1762

·      Tm2O3    1.1421

·      Y2O3      1.2699

·      Yb2O3    1.1387

·      Dy2O3    1.1477

·      Er2O3     1.1435

·      Eu2O3    1.1579

·      Gd2O3    1.1526

·      The coordinate system used by the company is MGA zone 50 reference grid with geodetic datum GDA94.

·      Drillholes were located using a handheld GPS received with a typical horizontal accuracy of +/-4m.

·      Drillholes locations reported in this release do not have a regular spacing.

·      The purpose of this drilling was regional exploration, and the reported results are not anticipated to be part of a resource estimate at this point.

·      Compositing to 5m sample length was undertaken over areas where magnetite in basalt was visually identified in the logging

·      Drilling Azimuth was oriented perpendicular to the main strike of the magnetic anomaly that may have the potential to be spatially correlated with REE mineralisation.

·      Samples are collected in calico bags across a defined arc on the edge of the cone located under the cyclone. The calico bag features sample number and down hole interval data pre-written on it. Bags sent for analysis are collected by field technicians and placed in pre-numbered sample bag. Sample depth and number are recorded by field technician and compared with the  geologist's spreadsheet to assure accuracy of data. Samples collected are placed within bio-degradable plastic bags, which in turn are delivered to the laboratory with detailed sample submission documentation.

·      Laboratory assay samples feature a sample ID on the calico bag as reference.

·      After assaying, sample pulps are placed in paper bags and stored for Riversgold to collect.

·      All steps are supervised by a Riversgold geologist.

·    No external audits or reviews of the sampling techniques and data has been conducted.

·    Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

·    The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

·    Acknowledgment and appraisal of exploration by other parties.

·    Deposit type, geological setting and style of mineralisation.

·    A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

o easting and northing of the drill hole collar

o elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar

o dip and azimuth of the hole

o down hole length and interception depth

o hole length.

·    If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

·    In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

·    Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

·    The assumptions used for any reporting of metal equivalent values should be clearly stated.

·    These relationships are particularly important in the reporting of Exploration Results.

·    If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

·    If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').

·    Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

·    Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

·    Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

·    The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

·    Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.