January 12, 2010 -15:23 ET - News Release Mr. Patrick Sheridan reports

GOLDSTONE UPDATES HARDROCK PROJECT EXPLORATION PROGRAM

Goldstone Resources Inc. has an update of exploration program plans for the Hardrock project by Premier Gold Ltd., as operator, building on 2009 successes.

Goldstone holds a 30-per-cent carried interest in the Hardrock project, a joint venture with Premier in the Geraldton camp of the Beardmore-Geraldton greenstone belt, through its wholly owned subsidiary Roxmark Mines Ltd.

In 2010, The Hardrock project will remain Premier's most active area of involvement with more than 70,000 metres of drilling planned.

Last year, more than 90,000 metres of drilling was completed at Hardrock, successfully identifying multiple open-pit and underground-style gold zones, with the following highlights:

• Discovery of the high-grade north zone: 1,141.5 grams per tonne (g/t) Au across two metres (33.3 ounces per ton across 6.6 feet);
• Defining the EP (open pit) zone over a strike length of more than one kilometre and open for expansion;
• Discovery of the NN zone (open pit) along strike from EP. Recent drill intersections that define this zone include 6.91 g/t Au across 18.7 metres (0.20 ounce per ton across 61.3 feet), 5.69 g/t Au across 24.2 metres (0.17 ounce per ton across 79.4 feet) and 52.90 g/t Au across 7.9 metres (1.54 ounces per ton across 25.9 feet);
• Achieving high-grade results, including 121 g/t Au across 1.5 metres (3.53 ounces per ton across 4.9 feet), from initial drilling in a new target area late in the year.

"We are very pleased with the magnitude and intensity of the planned program which will add significant value to the camp," said Patrick Sheridan, Goldstone's chief executive officer. "In 2010, Goldstone is also planning an aggressive program for its 100-per-cent-owned properties in the Beardmore camp, which include the Leitch-Sand River, Northern Empire and Brookbank."

The Hardrock project is host to several past-producing mines which collectively produced more than three million ounces of gold, primarily from shallow depths within 2,000 feet (600 metres) of surface. The mined zones remained wide open at depth at the time mining ceased and resources were left in place within the existing mine workings. The Hardrock project benefits from development advantages with the Trans Canada Highway, the Trans Canada Pipeline and major power lines running through the centre of the property. Drilling is focused on confirming both open-pit and underground mineralization with the goal of identifying a potentially multimillion-ounce-gold resource that can be moved quickly towards development. The project offers development advantages with the Trans Canada Highway, the Trans Canada Pipeline and major power lines running through the centre of the property.

Significant potential for developing resources has been identified in several areas including:

• Open-pit-style mineralization proximal to the main zones previously mined by underground methods;
• Discoveries including bonanza-style gold zones;
• Down-plunge of historically mined zones including the SP and north zones;
• Mineralization along strike from historically mined zones in the NN and north zone areas.

Stephen McGibbon, PGeo, is the qualified person for the information contained in this news release and is a qualified person within the meaning of National Instrument 43-101.