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Goldstone Files NI 43-101 Technical Report for Hardrock Project
Published : May 18, 2011
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TORONTO, ONTARIO--(Marketwire - May 18, 2011) - Goldstone Resources Inc. (News - Market indicators)(PINK SHEETS:GRSZF) today announced the filing of an updated NI 43-101 Mineral Resource Estimate for the Hardrock Project on SEDAR. The effective of the report is dated April 5, 2011 and is available for review under the Company's profile at www.sedar.com.

The report was prepared by Micon International Limited and lists the following as Qualified Persons for the purposes of NI 43-101: Charley Murahwi, P.Geo., Sam Shoemaker, Jr., B.Sc., MAusIMM., Reg.Mem. SME., and Richard Gowans, P.Eng.

The Hardrock Project is a joint venture located just south of the town of Geraldton, Ontario in which Goldstone holds a 30% carried interest and Premier Gold Mines Limited (TSX:PG), as operator, holds a 70% interest.

About Goldstone

Goldstone Resources Inc. is a gold exploration and development company operating in the historically significant Geraldton-Beardmore camp of Northwestern Ontario and focused on gold exploration and deposit delineation at its Key Lake, Brookbank, Northern Empire and Leitch-Sand River gold properties, and as a partner in the Hardrock Project joint venture with Premier Gold. Goldstone's 100%-owned NI 43-101 resources in the Beardmore area total more than 800,000 ounces. In April 2011, Premier announced an updated NI43-101 resource estimate for the Hardrock Project in the Geraldton area of 3.6 million ounces of gold in which Goldstone has a 30% interest (more than 1 million ounces). The camp is host to several past producers in a district that has historical production of more than 4.1 million ounces of gold from high grade ore before being shut down primarily as a result of a $35 gold price—and to Goldstone's fully permitted, expandable 200-TPD Northern Empire mill.

Further information is available on the Company's website at www.goldstoneresourcesinc.com and on SEDAR under the Company's profile at www.sedar.com.

Forward-Looking Statements

This news release may contain forward-looking information under applicable securities laws concerning Goldstone's business, operations, financial performance, condition and prospects, as well as management's objectives, strategies, beliefs and intentions. Forward looking information is frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "intend" and similar words referring to future events and results. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, delay or inability to retain a senior exploration and/or operating officer, inability to raise funds if and when required, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions and changes in conditions in the financial markets. Readers are cautioned not to place undue reliance on this forward-looking information as actual results may differ materially from those expressed or implied in the forward looking information. Goldstone does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Neither the Toronto Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Goldstone Resources Inc.
Philip Cunningham
Chairman and Interim CEO
(416) 860-1636
www.goldstoneresourcesinc.com

Goldstone Resources Inc.

EXPLORATEUR
CODE : GRC.TO
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Goldstone Resources est une société d’exploration minière d'or basée au Canada.

Goldstone Resources détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont SAND RIVER, HARDROCK, LEITCH, BARTEC, FAYMAR, BAYHAM, BROOKBANK, KEYLAKE, BROOKBANK et NORTHERN EMPIRE au Canada.

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Rapports Financiers de Goldstone Resources Inc.
10/08/2011Announces the Filing of Second Quarter 2011 Interim Consolid...
25/05/2011Announces the Filing of 2011 Interim Consolidated Financial ...
30/03/2011Announces the Filing of 2010 Consolidated Financial Statemen...
Projets de Goldstone Resources Inc.
08/06/2011(Leitch)Rig Onsite, Drilling at Leitch-Sand River, as Goldstone Begi...
30/05/2011(Keylake)Announces Initial 2011 Key Lake Drilling Results
12/05/2011(Faymar)Deploys Third Rig for Key Lake, Beardmore Properties; Undert...
Communiqués de Presse de Goldstone Resources Inc.
16/08/2011Premier completes acquisition of Goldstone
08/08/2011Shareholders Approve Acquisition by Premier Gold
26/07/2011Announces Additional Encouraging Key Lake Drilling Results
29/06/2011(Hardrock)Reports New Discovery at Hardrock Project, Provides Mid-Year...
29/06/2011Announces Further Encouraging Key Lake Drilling Results
27/05/2011Announces 2011 Annual Meeting Date
18/05/2011(Hardrock)Files NI 43-101 Technical Report for Hardrock Project
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