Progress Report

Goldstone Resources Ltd
13 June 2006



                          GOLDSTONE RESOURCES LIMITED

                                PROGRESS REPORT


The Directors of Goldstone Resources Ltd ('Goldstone' or the 'Company') wish to
provide the following update.


GOLD PROGRAMME IN GUYANA

A total of twelve shallow drill holes, sited in Lease Area B to define the areal
limits of gold mineralization previously located on an extensive palaeosurface,
have been completed and the cores sampled.  Assay results indicate that the
mineralization previously intersected is sporadic and does not have lateral
continuity.  Dr. Minter, GoldStone's Director of Exploration, has recommended
that further work in Lease Area B should be discontinued.  A decision concerning
the remaining prospecting licence application in Lease Area A will be delayed
until the end of June 2006.

Dr. Lawrie Minter, who holds a PhD in Palaeoplacer Sedimentology, has reviewed
and approved the content of this announcement.


POTENTIAL ADDITIONAL PROJECT

GoldStone is continuing, with the assistance of an independent mining
consultancy, to evaluate the acquisition of an alluvial diamond project in
Namaqualand, South Africa.

The project is majority-owned by subsidiaries of GeoQuest Holdings Limited,
which holds 30.7 per cent. of the issued share capital of GoldStone and in which
the Directors of GoldStone have an interest, in aggregate, of 52.2 per cent. of
the issued share capital.  In the event that the Company agrees to acquire the
project, the transaction would be classified as a related party transaction
under the AIM Rules.

Further information will be announced in due course.


BAUXITE

Reconnaissance exploration of the bauxite deposits in the Bauxite Permission
Area was continued by BHP Billiton until April 2006.  Preliminary results are
expected shortly.


CASH RESOURCES

GoldStone currently has cash resources of approximately US$3 million.


Contact:

GoldStone Resources Ltd                                        00 27 21 794 4004
Nico van der Hoven (Chief Executive Officer)




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