Riversdale Resources Limited (Riversdale) is pleased to announce it has completed a share placement to Hancock Corporation Pty Ltd, a subsidiary of Hancock Prospecting Pty Ltd, (Hancock) pursuant to which Hancock will become a 19.99% shareholder in Riversdale.

Riversdale Resources Limited (Riversdale) is pleased to announce that Catherine McKenna, Federal Minister of Environment and Climate Change and Jim Ellis, President and Chief Executive Officer of the Alberta Energy Regulator (AER), have on 16 August 2018 established a three-member Joint Review Panel (JRP) to review the Grassy Mountain Steelmaking Coal Project. This is another important milestone in the Grassy Mountain permitting process.