Result of EGM

Goldstone Resources Ltd
19 April 2007



                            GoldStone Resources Ltd



                                 Result of EGM



The Directors of GoldStone Resources Ltd ('GoldStone' or the 'Company') are
pleased to announce that at the extraordinary general meeting held today the
resolution was duly passed.



As a result, and subject to the acquisition agreement becoming unconditional,
the Directors now have the authority to issue the 50,640,000 consideration
shares for the acquisition of a 70 per cent. interest in Xanadu Mining (Pty)
Limited ('Xanadu Mining') from GeoQuest Holdings Limited ('GeoQuest') (the '
Acquisition') which was announced on 3 April 2007.



Xanadu Mining has, through its wholly-owned subsidiaries, GrindStone Mining
(Pty) Limited ('GrindStone Mining') and Multi-Direct Mining (Pty) Limited ('
Multi-Direct Mining'), filed applications for prospecting rights over the
Swartdoring Diamond Project, all of which have been accepted by the Department
of Minerals and Energy ('DME') in the Republic of South Africa.



Completion of the Acquisition is now conditional, inter alia, on:



  • The granting and notarial execution of prospecting rights over all the
    farms comprising the Swartdoring Diamond Project by the DME in favour of
    GrindStone Mining and Multi-Direct Mining;



  • The successful listing of GoldStone on the AltX (the Alternative Exchange
    of the Johannesburg Stock Exchange), further information on which is set out
    below;



  • The approval of the Acquisition by the South African Reserve Bank; and



  • The passing of a special resolution by the members of GeoQuest approving
    the Acquisition Agreement.



Completion of the Acquisition will not take place until satisfaction of all of
the conditions, which must occur before 30 October 2007.



Enquiries:


GoldStone Resources Ltd                                        00 27 21 794 4004
Nico van der Hoven (Chief Executive Officer)


Hanson Westhouse Limited                                           0113 246 2610
Tim Feather / Matthew Johnson




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