Riverside Resources Inc. announces that it has agreed to extend the option for partner Morro Bay Resources Ltd to earn an initial 51% interest in the Company’s Penoles Project in Durango, Mexico. In order to extend the option, Morro Bay has agreed to (1) incur additional expenditures of $500,000 on the exploration and development of the Project by October 31, 2014, with the program to be managed by Riverside, and (2) pay to Riverside one-half of the $1,500,000 payment on or before July 15, 2014, which is payable in cash or Morro Bay shares as outlined in the Amended and Restated Option Agreement.