Bauxite Progress Report

Goldstone Resources Ltd 13 June 2007 GOLDSTONE RESOURCES LTD BAUXITE PROGRESS REPORT The Directors of GoldStone Resources Ltd ('GoldStone' or the 'Company') wish to provide the following update on the Company's bauxite interests. In September 2005, GoldStone entered into an option agreement with BHP Billiton over the bauxite interests in Guyana. An initial programme was launched to explore the bauxite potential in the lease areas. This programme confirmed the deposits previously identified by GoldStone. BHP Billiton accordingly made payment during September 2006 of the option fee of US$100,000 required to maintain the option until 7 June 2007. Further, more detailed sampling was undertaken during the first quarter of 2007 and this programme has been completed. The Company is awaiting the results of the programme. Under the agreement, BHP Billiton was required to elect by not later than 7 June 2007 whether to exercise its option to require GoldStone to apply for such prospecting licences as may be permissible under the Bauxite Reconnaissance Permission. By 7 June 2007 BHP Billiton had not elected to exercise this option, but has subsequently reached an agreement with the Company pursuant to which the election date of 7 June 2007 has been extended to 7 July 2007. Goldstone will receive a payment of US$25 000 from BHP Billiton as consideration for the one month extension. A further announcement will be made in due course. Enquiries: GoldStone Resources Ltd 00 27 21 794 4004 Nico van der Hoven Hanson Westhouse Limited 0113 246 2610 Tim Feather tim.feather@hansonwesthouse.com Matthew Johnson matthew.johnson@hansonwesthouse.com This information is provided by RNS The company news service from the London Stock Exchange
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