Progress Report

Goldstone Resources Ltd
16 April 2008

                            GOLDSTONE RESOURCES LTD

                                PROGRESS REPORT


The Directors of GoldStone Resources Ltd ('GoldStone' or the 'Company') wish to
provide the following update on the Company's activities.

BAUXITE

In September 2005, GoldStone entered into an option agreement with BHP Billiton
over the Company's bauxite interests in Guyana.  An initial programme was
launched to explore the bauxite potential in the leased areas.  The programme
confirmed the deposits previously identified by GoldStone.

Further more detailed sampling was undertaken during the first quarter of 2007
and the Company has since received all the results from this completed
programme.  BHP Billiton elected during July 2007 not to exercise its option and
subsequently made available to GoldStone all information in its possession
relating to the exploration programme, as well as a summarising geological
report.

During the latter half of 2007 GoldStone secured an extension to the expiry date
of the bauxite Reconnaissance Permission to 4 April 2008.  The Reconnaissance
Permission gave the Company the exclusive rights to apply for up to a maximum of
20 prospecting licences for Bauxite within the area of the Reconnaissance
Permission.  GoldStone has, after a thorough review of all the BHP Billiton
information and summarising geological report, now exercised its rights by
applying for eleven prospecting licences.

GoldStone is in continuing discussions with various players in the bauxite
industry with the intention of commercialising these interests.

APPROVAL

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

Enquiries:

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

Hanson Westhouse Limited                                      0113 246 2610
Tim Feather / Matthew Johnson



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