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Pitchstone Exploration Ltd.

Publié le 21 juin 2007

Drilling Begins at 100% Owned Gumboot Property

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DRILLING BEGINS AT 100% OWNED GUMBOOT PROPERTY

* Strong conductor targeted
* 2,400 m in three drill holes planned
* Pitchstone currently drilling 3 properties


Pitchstone Exploration Ltd. (TSX-V: PXP; ?Pitchstone?) is pleased to
report that all land use permits are in hand and core drilling has begun
on its 100% owned Gumboot property in the eastern Athabasca Basin,
Saskatchewan. Drilling commenced last week with a planned program of
2,400 m in 3 holes.

The drill holes will be located to test a strong, 5 km long, moving loop
electromagnetic conductor outlined with geophysical surveys completed by
Pitchstone and previous operators. The holes will also follow up on
encouraging results obtained in two drill holes completed in 1989 and
1997 by previous operators.

Drilling at Gumboot brings the total number of Pitchstone properties
currently being drilled to three. Core drilling is also in progress at
the Darby-Candle property in the eastern Athabasca Basin, and in the
Hornby Bay Basin, Nunavut.

Steve Blower, P.Geo., Vice President of Exploration for Pitchstone, is
the Qualified Person for the purposes of NI 43-101 with respect to the
technical information in this news release.

Pitchstone is actively exploring for uranium in four proven districts.
The property portfolio features eight projects in the eastern Athabasca
Basin, Saskatchewan, five of which are joint ventured with Uranium One,
with the other three being 100% owned. In addition, there are five
joint venture projects with Triex in the Hornby Bay Basin, Nunavut and
NWT, an exploration partnership with Cameco and Motapa Diamonds in the
Franceville Basin, Gabon, and an option on three projects in Namibia.
Pitchstone has a unique group of geologists with extensive uranium
exploration and production experience.


On behalf of the Board,
E.A.G. (Ted) Trueman, CEO and Director


For further information contact: Ted Trueman, CEO, (604) 630
5560, ted@pitchstone.net,
Mark T. Brown, CFO, (604) 687-3520, mark@pitchstone.net, or
www.pitchstone.net


The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This news
release may contain assumptions, estimates, and other forward-looking
statements regarding future events. Such forward-looking statements
involve inherent risks and uncertainties and are subject to factors,
many of which are beyond the Company?s control that may cause actual
results or performance to differ materially from those currently
anticipated in such statements.
Page 1


News Release Date: June 20, 2007
Trading Symbol: TSX-V:PXP
Reference: 07.37



.

Pitchstone Exploration Ltd.

EXPLORATEUR
CODE : PXP.V
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Pitchstone Expl. est une société d’exploration minière d'argent et d'or basée au Canada.

Pitchstone Expl. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont FIREWEED, DISMAL LAKE, GUMBOOT & JOHNSTON LAKE, KENDALL RIVER, DARBY & CANDLE, MOUNTAIN LAKE, LEITH PENINSULA, ATHABASCA et HORNY BAY au Canada et DOME PROPERTY en Namibie.

Pitchstone Expl. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,1 millions CA$ (3,9 millions US$, 3,1 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 4,95 CA$, et son plus bas niveau récent le 16 décembre 2011 à 0,07 CA$.

Pitchstone Expl. possède 45 208 000 actions en circulation.

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Financements de Pitchstone Exploration Ltd.
18/07/2011Arranges Private Placement
08/12/2009Flow-Through Financing
07/07/2009Completes $610,000 Private Placement
06/12/2007Closes $3.1 Million Private Placement
09/08/2007$3,000,000 Private Placement Closes
Attributions d'options de Pitchstone Exploration Ltd.
01/12/2010Grants 910,000 stock options to Directors, Officers and Empl...
Projets de Pitchstone Exploration Ltd.
31/01/2012(Dome Property)Uranium Exploration Plans for 2012
11/10/2011Options Dome Uranium Property to Rio Tinto
20/06/2011(Athabasca)Finalizes Summer Athabasca Drilling Plans
05/04/2011(Wolverine Athabaska)Receives JOGMEC Budget Approval
30/03/2011(Dome Property)Receives Marble Ridge Uranium Analyses
22/03/2011(Gumboot & Johnston Lake)Reports Uranium Results at Gumboot
08/02/2011(Dome Property)Drills Calcrete Uranium in Namibia
14/07/2010(Athabasca)Provides Eastern Athabasca Uranium Exploration Update
15/06/2010(Athabasca)Provides Uranium Exploration Update
25/05/2010(Dome Property)Analytical Results Received for Dome Uranium Property, Namib...
18/05/2010(Athabasca)Plans Summer Drilling
23/03/2010(Athabasca)Completes Drilling
10/02/2010(Dome Property)Finds New Uranium Occurrence in Namibia
19/01/2010(Athabasca)Resumes Athabasca Uranium Drilling
30/11/2009(Athabasca)Continues Namibia and Athabasca Uranium Exploration
16/09/2009(Dome Property)Intersects Radioactivity in Namibia
25/08/2009(Dome Property)Finalizes Namibia Uranium Drilling Plans
30/06/2009(Gumboot & Johnston Lake)Begins summer drilling at Gumboot
26/02/2009(Gumboot & Johnston Lake)Uranium Drilling Update
13/01/2009(Athabasca)Athabasca Uranium Drilling Begins
07/11/2008(Dome Property)Drilling Begins at Dome Uranium Property, Namibia
06/08/2008(Darby)Joint Venture Drilling Progress
24/06/2008(Horny Bay)Drilling Progress
09/05/2008(Dome Property)Namibia 2008 Uranium Exploration Initiated
02/04/2008(Athabasca)Athabasca Exploration Results
24/01/2008(Horny Bay)2008 Hornby Bay Exploration Program
15/01/2008Athabasca Drilling Resumes at 97G Zone on Candle Property
17/12/2007(Dome Property)Namibia Exploration Update
06/11/2007(Kendall River)Purchase of Hornby Bay Properties Completed
25/07/2007(Darby & Candle)Candle Drill Hole Assays
05/07/2007(Darby & Candle)Radioactivity Intersected at Candle
20/04/2007(Darby & Candle)ATHABASCA EXPLORATION RESULTS & FINANCIAL UPDATE
Communiqués de Presse de Pitchstone Exploration Ltd.
24/10/2011(Athabasca)Reports Athabasca Drilling Results
18/04/2011Reports Uranium Results at Johnston Lake
28/02/2011Completes Namibia Uranium Drilling Program
18/08/2010Confirms New Uranium Occurrence at Wolverine
11/06/2009Survey Generates Uranium Targets in Namibia
11/03/2009JOGMEC Options 50% of Wolverine and Marten
15/12/2008Uranium Exploration Update
01/12/2008Increases Interest in Athabasca Properties
28/08/2008Hornby Bay Exploration
15/07/2008Engages Investor Relations Firm
21/05/2008News Release
25/03/2008Gabon Uranium Exploration Gabon Uranium Exploration
11/10/2007Drilling Commences at Waterfound
18/09/2007Athabasca Basin Update
17/09/20072007 Hornby Bay Exploration Completed
08/08/2007Gabon Uranium Exploration
21/06/2007Drilling Begins at 100% Owned Gumboot Property
09/05/2007Hornby Bay Drilling Begins
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