January 14, 2010 12:02 ET - News Release Mr. J. Patrick Sheridan reports

GOLDSTONE REPORTS ADDITIONAL HIGH-GRADE GOLD RESULTS AT HARDROCK PROJECT

Goldstone Resources Inc. has released drill results for the final holes drilled in 2009 testing the Hardrock project's NN (open-pit) zone by Premier Gold Ltd. 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.

Drilling continues to expand the NN zone westward such that, combined with the EP zone, mineralization in this open-pit target area has been intersected over a strike length of 1,400 metres where it remains open.

These holes, the final results that will be included in an upcoming NI 43-101 mineral resource estimate for the Hardrock project, continue to reveal multiple gold zones having broad intersections and high-gold grades. Of particular note is hole MM090, the westernmost (and near-surface) hole in the NN zone which returned two intersections including 9.08 grams per tonne gold across 12.8 metres (0.27 ounce per ton across 42.0 feet) and 16.72 grams per tonne gold across 4.2 metres (0.49 ounce per ton across 13.8 feet). The NN zone horizon remains open for expansion to the west of MM090. Additionally, a portion of the EP zone remains open to the northwest, and favourable structures along strike to the east of, and within the same horizon as, the EP zone remain untested.

In 2009, more than 90,000 metres of drilling was completed at Hardrock, successfully identifying multiple open-pit and underground-style gold zones, with a resource estimate relating to the near-surface (open-pit) zones expected in mid-February. Highlights from final 2009 drilling in the NN zone include:

• 26.30 grams per tonne gold across four metres (0.77 ounce per ton across 13.1 feet) in MM088;
• 9.08 grams per tonne gold across 12.8 metres (0.27 ounce per ton across 42.0 feet), including 27.59 grams per tonne gold across 3.5 metres (0.81 ounce per ton across 11.5 feet) in MM090;
• 16.72 grams per tonne gold across 4.2 metres (0.49 ounce per ton across 13.8 feet) in MM090;
• 13.55 grams per tonne gold across three metres (0.40 ounce per ton across 9.8 feet) in MM080;
• 11.44 grams per tonne gold across 4.5 metres (0.33 ounce per ton across 14.8 feet) in MM081.

The Hardrock Project is host to several past-producing mines which collectively produced more than 3.0 million ounces of gold, primarily from depths within 600 metres (2,000 feet) of surface. The productive zones remained wide open at depth and existing historic resources were left in place within the workings at the time mine production ceased.

Stephen McGibbon, Premier's executive vice-president and chief operating officer, said: "Hardrock continues to exceed even our optimistic expectations. These solid results bode well for our forthcoming resource estimate and our ongoing aggressive drilling program. During 2010 we are eager to continue to further outline both the open-pit and underground potential of Hardrock."

"We are very pleased with the progress and the excellent results obtained to date. It definitely underscores the value of the Beardmore-Geraldton camp," said Patrick Sheridan, Jr., Goldstone's chief executive officer.

Drilling is focused on delineating both open-pit and underground zones with the goal of identifying a multimillion ounce gold resource that can be advanced quickly toward development. The project offers development advantages with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running through the centre of the property.

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

Open-pit-style mineralization proximal to the main zones previously mined by underground methods;

Discoveries including bonanza-style gold zones;

Downplunge of historically mined zones including the SP and North zones;

Mineralization along strike from historically mined zones in the NN and North zone areas.

New results from drilling in the NN Zone, which will be part of the upcoming open-pit resource relating to near-surface (open-pit) gold zones at Hardrock, are presented in an attached table.

NN ZONE DIAMOND DRILLING RESULTS

Hole Inter- Inter-

ID From To val Grade val Grade Zone

(m) (m) (m) (g/t) (ft) (oz/t)

MM080 Upper

180.0 181.4 1.4 2.67 4.6 0.08 NN

205.0 208.0 3.0 5.23 9.8 0.15 X

221.5 224.5 3.0 13.55 9.8 0.40 NN

MM081 Upper

196.2 200.7 4.5 11.44 14.8 0.33 NN

196.2 200.7 4.5 5.82 14.8 0.17 NN

MM082 121.5 132.6 11.1 1.20 36.4 0.04 NN

205.5 210.0 4.5 3.48 14.8 0.10 X

Including 205.5 206.6 1.1 10.20 3.6 0.30 X

MM084 Upper

166.5 172.8 6.3 1.66 20.7 0.05 NN

Upper

201.5 204.7 3.2 2.93 10.5 0.09 NN

222.0 225.0 3.0 5.67 9.8 0.17 NN

MM086 Upper

141.0 145.5 4.5 1.92 14.8 0.06 NN

Upper

202.0 203.5 1.5 2.56 4.9 0.07 NN

210.7 218.3 7.6 2.75 24.9 0.08 NN

MM088 Upper

210.7 213.0 2.3 2.77 7.5 0.08 NN

229.5 233.5 4.0 26.30 13.1 0.77 NN

MM089 Upper

181.1 184.3 3.2 1.37 10.5 0.04 NN

215.0 220.7 5.7 3.09 18.7 0.09 NN

MM090 23.8 28.0 4.2 16.72 13.8 0.49 NN

35.5 37.0 1.5 4.29 4.9 0.13 X

102.2 105.0 2.8 4.79 9.2 0.14 X

120.4 133.2 12.8 9.08 42.0 0.27 NN2

Including 123.5 127.0 3.5 27.59 11.5 0.81 NN2

147.7 149.7 2.0 5.36 6.6 0.16 X

MM091 54.2 56.4 2.2 3.46 7.2 0.10 NN

True widths are estimated at 70 per cent of intersection widths.

Mr. 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. Assay results are from core samples sent to Activation Laboratories, an accredited mineral analysis laboratory in Ancaster, Ont., for preparation and analysis using both fire assay and screen metallic methods.