Record Quarterly Sales of 1.1 Million Silver Equivalent Ounces for Q1-2009

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Record Quarterly Sales of 1.1 Million Silver Equivalent Ounces for Q1-2009

posted on Apr 22, 2009 02:52PM

April 21, 2009

Silverstone Reports Record Quarterly Sales of 1.1 Million Silver Equivalent Ounces for Q1-2009

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 21, 2009) - Silverstone Resources Corp. (TSX VENTURE:SST) ("Silverstone") reports sales of 1,084,000 silver equivalent ounces in the first quarter ending March 31, 2009. The cost of silver is fixed at US$3.97 per ounce and the cost of gold is fixed at $300 per ounce through 2010.

-----------------------------------------------------------
                                                 Year Ended
              Q1-2009    Q1-2009        Q1-2009        2008
-----------------------------------------------------------
               Ag (oz)    Au (oz)  Ag Eq (oz)(1)     Ag (oz)
-----------------------------------------------------------

-----------------------------------------------------------
Cozamin       397,000          0        397,000   1,035,000
-----------------------------------------------------------
Neves-Corvo   115,000          0        115,000     484,000
-----------------------------------------------------------
Minto          64,000      7,260        572,000           0
-----------------------------------------------------------

-----------------------------------------------------------
Total         576,000      7,260      1,084,000   1,519,000
-----------------------------------------------------------
(1) Silver equivalent ounces are calculated by using a ratio
    of 1 ounce of payable gold is equivalent to 70 ounces of
    payable silver.

Mr. Hugh Willson, P.Geo., Vice-President, Exploration of Silverstone, who is a "qualified person" under National Instrument 43-101, has reviewed and approved the technical aspects of this news release.

ABOUT SILVERSTONE

Silverstone is a silver and gold mining company with 100% of its revenue from precious metal production. More information is available online at: www.silverstonecorp.com.

This press release contains "forward-looking information" that is based on Silverstone's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Silverstone's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Silverstone's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: projected sales or production rates; uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Silverstone disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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