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TORONTO, ONTARIO--(Marketwire - Dec. 24, 2010) -



Goldstone Resources Inc. (TSX:GRC)(PINK SHEETS:GRSZF) today announced that Michael Kilbourne, its Vice-President, Exploration, has tendered his resignation, effective January 23, 2011.


The Company has begun a search for a replacement.


As previously disclosed, Goldstone intends to use the proceeds of its recent private placement to conduct an aggressive exploration program on its Key Lake property near Geraldton, Ontario as well as on its Brookbank, Leitch-Sand River, and Northern Empire properties near Beardmore, Ontario.


"Mr. Kilbourne's departure is not expected to negatively impact our 2011 drilling program", stated Philip Cunningham, Chairman and Interim CEO of Goldstone. "We are moving quickly to hire a new senior exploration officer and support staff to ensure that we are in position to continue to actively pursue our goal of enhancing shareholder value."



About Goldstone



Formed by a late 2009 merger of Ontex Resources and Roxmark Mines, Goldstone Resources is a gold exploration and development company operating in the historically significant Geraldton-Beardmore 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 Mines Limited. 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 http://www.sedar.com/">www.sedar.com.