2011-02-08 - News Release

GOLDSTONE ANNOUNCES EXTENSION OF TERM OF 4,133,334 WARRANTS

Goldstone Resources Inc. has extended the term of 4,133,334 outstanding common share purchase warrants, which are due to expire on Feb. 24, 2011, all of which were issued in connection with a private placement on Aug. 24, 2009.

Each warrant currently entitles the holder thereof to purchase one common share of the company at a price of $1.05 until Feb. 24, 2011, at 5 p.m. (Toronto time). No public market exists for such warrants.

The warrants will be amended, effective immediately, on Feb. 24, 2011, prior to 5 p.m., to extend the expiry time until Dec. 31, 2011, at 5 p.m. (Toronto time). All other provisions of the warrants remain unamended. Insiders of the company currently hold 33,334 warrants with identical terms to these warrants, and the expiry time of the warrants held by insiders will not be extended. The Toronto Stock Exchange has approved the amendments subject to receipt by the TSX of standard documentation.