Ria Resources Corp. Announces Termination of Asset Acquisition

    




 CALGARY, Dec. 13, 2011 /CNW/ - Ria Resources Corp. ("RIA" or the  "Corporation") announces that the asset purchase agreement to purchase  a 50% working interest comprised of four sections of land in the  Provost area (the "Provost Properties") previously announced in its  July 27, 2011 press release has been terminated as a result of certain  closing conditions under the asset purchase agreement not having been  met. 

 The Vendor and RIA are continuing discussions to restructure the  acquisition of the Provost Properties. 

 RIA is a company listed and trading on the TSX Venture Exchange, symbol:  RIA. 

 Forward Looking Statements 

 This press release contains forward looking statements. More  particularly, this press release contains statements concerning the  continuation of discussions to restructure the acquisition of the  Provost Properties. The forward looking statements and expectations are  based on the status of discussions between the parties to date and on  the assumption that the parties will continue to actively seek an  alternative structure to complete the transaction. Although RIA  believes that the expectations reflected in these forward looking  statements are reasonable, undue reliance should not be placed on them  because RIA can give no assurance that they will prove to be correct.  Since forward looking statements address future events and conditions,  by their very nature they involve inherent risks and uncertainties. The  parties may cease to have discussions or may be unable to successfully  negotiate a viable structure or alternative method to complete the  transaction. The forward looking statements contained in this press  release are made as of the date hereof and RIA undertakes no  obligations to update publicly or revise any forward looking statements  or information, whether as a result of new information, future events  or otherwise, unless so required by applicable securities laws. 

 Neither the TSX Venture Exchange nor its Regulation Services Provider  (as that term is defined in the policies of the TSX Venture Exchange)  accepts responsibility for the adequacy or accuracy of this release. 



Ria Resources Corp.


CONTACT:  Glenn HamiltonChief Financial OfficerRIA Resources Corp.Telephone No. [phone] 


    

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