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Warrants Alert

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Warrant Symbol - RIV.WT
Number  Trading - 2,603,316
Expiration Date - Oct. 31, 2002
Cusip - 76822W 12 1
Exercise Price - $1.35

Warrants called to trade news:

River Gold to list 2,603,316 warrants on TSE Oct. 12

2001-10-10 20:49 MT - Warrants Called to Trade
TSE bulletin 2001-1254
The common share purchase warrants in respect of 2,603,316 common shares will be posted for trading at the open Friday, Oct. 12, 2001.

Cusip No:76822W 12 1
Designated market maker:M. Gardner Dundee Securities Corporation

The warrants were issued pursuant to a recently completed rights offering of units, each unit comprising one common share and one-half common share purchase warrant. Details of the rights offering are contained in exchange bulletin 2001-0972 dated Aug. 8, 2001. Each whole warrant entitles the holder to purchase one common share of the company at a price of $1.35 at any time prior to 5 p.m. (Toronto time) on Oct. 31, 2002.

The warrants are governed by the terms of a warrant indenture dated Aug. 1, 2001, between the company and Computershare Trust Company of Canada, as trustee. The warrant indenture provides for appropriate adjustments to be made to the rights of the holders of warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

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