Interim Results - Correction

Goldstone Resources Ltd
29 November 2007


                          GOLDSTONE RESOURCES LIMITED

                         CORRECTION TO INTERIM RESULTS


GoldStone Resources Limited advises that the following replaces the 'Interim
Results' announcement released today at 12.02 under RNS number 7826I.  The
figure for other expenses on the Income Statement for the period ended 31 August
2007 was incorrectly stated as US$323,993 and should have read US$348,993.
There are no other changes to the interim financial information.  The full
amended text appears below.


            INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 AUGUST 2007


Chief Executive's Report

I am setting out below a review of the activities during the six months ended 31
August 2007 for GoldStone Resources Limited ('GoldStone' or the 'Company'),
which incorporates an update on the current status of the Company's projects.


SWARTDORING DIAMOND PROJECT

In April 2007 GoldStone conditionally agreed to acquire a 70% interest in Xanadu
Mining (Pty) Ltd ('Xanadu') from GeoQuest Holdings Limited ('GeoQuest') (the '
Acquisition').  The interest comprises 70% of both the share capital of Xanadu
and inter-company loans owed by Xanadu to GeoQuest.

Xanadu, through its wholly owned subsidiaries, GrindStone Mining (Pty) Ltd and
Multidirect Mining (Pty) Ltd, holds prospecting rights over the Swartdoring
Diamond Project.


Completion of the Acquisition is conditional on:
     
•    The successful listing of GoldStone on the Alternative Exchange of the
     JSE Securities Exchange; and

•    The approval of the Acquisition by the South African Reserve Bank ('SARB').

The Company has received provisional approval from the Listings Committee of the
JSE Securities Exchange to list on the Alternative Exchange.  In addition the
SARB has approved the acquisition of 70% of the share capital of Xanadu by
GoldStone.  Approval by the SARB of the acquisition of the inter-company loans
is still pending.

Completion of the Acquisition will not take place until full satisfaction of
each of the outstanding conditions.  GoldStone and GeoQuest agreed to extend the
long stop date for completion of the Acquisition to 28 February 2008.

The Swartdoring Diamond Deposit is a preserved diamondiferous palaeochannel of
the Swartdoring River in the Northern and Western Cape Provinces of South
Africa.  An inferred resource of 12 million tonnes of diamond bearing gravel
lies beneath loose to slightly cemented sandy overburden and there is a
possibility to extend this resource to approximately 49 million tonnes of
diamond bearing gravel.  Following completion of the Acquisition, exploration at
an investment cost of approximately US$500,000 will be conducted in order to
complete a Mining Feasibility Study on the inferred resource of the project.


BAUXITE

In September 2005, GoldStone entered into an option agreement with BHP Billiton
over the bauxite interests in Guyana.  An initial programme was launched to
explore the bauxite potential in the leased areas.  The programme confirmed the
deposits previously identified by GoldStone.

Further more detailed sampling was undertaken during the first quarter of 2007
and the Company has since received all the results from this completed
programme.  BHP Billiton elected during July 2007 not to exercise its option and
subsequently made available to GoldStone all information in its possession
relating to the exploration programme, as well as a summarising geological
report.

During the third quarter of 2007 GoldStone secured an extension of the expiry
date of the bauxite Reconnaissance Permission from 5 September 2007 to 4 January
2008.  A request by Goldstone for a further extension of the expiry date from 4
January 2008 to 4 April 2008 is currently under consideration by the Minister of
Mines in Guyana.  The Company has entered into discussions with other major
players in the bauxite industry and the bauxite project is accordingly being
evaluated and considered.


FINANCING

The Company's cash resources are currently US$2.5 million.


APPROVAL

Dr Lawrie Minter, who holds a PhD in Palaeoplacer Sedimentology, has reviewed
and approved the content of this announcement.


SUMMARY

The Board looks forward to the completion of the acquisition of the Swartdoring
Diamond Project which has the potential to provide near term production to the
Company.

The listing of GoldStone on the Alternative Exchange is taking longer than
planned due to the outstanding SARB approval.  This process is well advanced and
the Board anticipates that the listing and completion of the Acquisition will
take place in early 2008.

In addition and on an ongoing basis the Board is actively investigating and
reviewing other potential exploration projects which may fall within the ambit
of sediment hosted minerals.


Enquiries:

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

Hanson Westhouse Limited                                           0113 246 2610
Tim Feather



INCOME STATEMENT
                                                           6 Months ended   6 Months ended   12 Months ended
                                                           31 August 2007   31 August 2006  28 February 2007
                                                                      US$              US$               US$

Management fee Income-Continuing Operations                      (25,000)         (39,722)         (139,722)
Depreciation                                                        7,102           40,726            50,233
Employee benefits                                                   8,202           11,767            23,534
Foreign exchange (gains)/losses                                  (31,533)        (106,468)         (147,519)
Other Expenses                                                    348,993          312,204           564,609
Gross Loss                                                        307,764          218,507           351,135

Interest receivable-Continuing Operations                        (76,061)         (70,155)         (141,583)

OPERATING LOSS FOR THE PERIOD-Continuing Operations               231,703          148,352           209,552
OPERATING LOSS FOR THE PERIOD-Discontinued Operations                   -          541,526           468,697

Loss before tax                                                   231,703          689,878           678,249
Income tax for period                                                   -                -                 -

Loss for period                                                   231,703          689,878           678,249

Loss per ordinary share
Basic from continuing operations (cents per share)                  (0.2)            (0.1)             (0.2)
Basic from discontinued operations (cents per share)                    -            (0.4)             (0.3)



BALANCE SHEET

                                                           6 Months ended   6 Months ended   12 Months ended
                                                           31 August 2007   31 August 2006  28 February 2007
                                                                      US$              US$               US$
FIXED ASSETS
Tangible assets                                                    23,674           95,099            30,490

CURRENT ASSETS
Debtors and prepayments                                            58,579           43,690            48,540
Cash at bank                                                    2,859,835        2,988,989         3,103,109
                                                                2,918,414        3,032,679         3,151,649

CREDITORS:
amounts falling due within one year
Creditors and accruals                                           (70,330)         (35,947)          (78,679)
                                                                 (70,330)         (35,947)          (78,679)

Net current assets                                              2,848,084        2,996,732         3,072,970

TOTAL ASSETS                                                    2,871,758        3,091,831         3,103,460


CAPITAL AND RESERVES
Share capital                                                   2,354,482        2,354,482         2,354,482

Share premium                                                  13,849,554       13,849,554        13,849,554

Capital contribution reserve                                      555,110          555,110           555,110

Profit and loss - (deficit)                                  (13,887,388)     (13,667,315)      (13,655,686)

                                                                2,871,758        3,091,831         3,103,460





CASH FLOW STATEMENT
                                                           6 Months ended   6 Months ended   12 Months ended
                                                           31 August 2007   31 August 2006  28 February 2007
                                                                      US$              US$               US$
Cash flows  from operating activities
Cash used in operations                                         (319,047)        (402,317)         (705,657)
Interest income                                                    76,061           70,155           141,583

Net cash from operating activities                              (242,986)        (332,162)         (564,074)

Cash flows from investing activities
Purchase of Fixed Assets                                            (288)                -           (3,968)
Sale of Fixed Assets                                                    -                -           350,000

Net cash from investing activities                                  (288)                -           346,032

Total cash movement for the year                                (243,274)        (332,162)         (218,042)
Cash at the beginning of the year                               3,103,109        3,321,151         3,321,151

Total cash at the end of the year                               2,859,835        2,988,989         3,103,109

Cash used in operations
(Loss) before taxation                                          (231,703)        (689,878)         (678,249)
Adjustments for:
Depreciation                                                        7,105           40,726            50,233
Interest Received                                                (76,061)         (70,155)         (141,583)
Profit on sale of fixed assets                                          -                -         (290,929)
Changes in working capital:
Increase/Decrease in Debtors                                     (10,039)          350,874           346,023
Decrease in Creditors                                             (8,349)         (33,884)             8,848

                                                                (319,047)        (402,317)         (705,657)



NOTES
     
1    Earnings per share
     Basic earnings per share is calculated by dividing the losses attributable 
     to ordinary shareholders by the weighted average number of ordinary shares 
     in issue after the placing on the AIM.  Diluted earnings per share is 
     calculated using the weighted average number of ordinary shares in issue as 
     adjusted to assume conversion of all dilutive potential ordinary shares.

     FRS 14: Earnings Per Share ('EPS'), requires presentation of diluted EPS 
     when a company could be called upon to issue share that would decrease net 
     profit or increase net loss per share.  For a loss making company with 
     outstanding warrants, net loss per share would only be increased by the
     exercise of warrants of out-of-the-money warrants.  Since it seems 
     inappropriate to assume that option holders would act irrationally, no 
     adjustment has been made to diluted EPS for out-of-the-money warrants.  The 
     warrants expired on 30 September 2006.

                                                         6 Months ended   6 Months ended   12 Months ended
                                                         31 August 2007   31 August 2006  28 February 2007
                                                                    US$              US$               US$
         Earnings per share
         Loss attributable to shareholders- continuing     (231,703.00)     (107,605.00)      (209,552.00)
         operations
         Loss attributable to shareholders-                           -     (582,273.00)      (468,697.00)
         discontinuing operations

                                                                    No.              No.               No.
         Weighted average number of ordinary shares         130,816,633      130,816,633       130,816,633

         Basic loss per share (cents)- continuing                 (0.2)            (0.1)             (0.2)
         operations
         Basic loss per share (cents)- discontinuing                  -            (0.4)             (0.3)
         operations

     
2    ACCOUNTING POLICIES
          
     (a)  Statement of compliance and basis of preparation

     GoldStone is required, in accordance with the AIM Rules, to prepare its 
     financial results for the year ending 28 February 2008 in compliance with 
     International Financial Reporting Standards ('IFRS') as adopted by the EU.  
     The Company's date of transition for this purpose is 1 March 2007.

     The interim financial information has been prepared under the historical 
     cost convention in accordance with the recognition and measurement 
     principles contained within IFRS as endorsed by the EU.  The accounting 
     policies set out below have been applied consistently to the interim
     financial information.


     IFRS 1 EXEMPTION

     The Company has elected to apply the following IFRS 1 exemption and 
     transitional provision:
          
     •    Fair value or revaluation as deemed cost

     The Company has not taken advantage of the transitional provision 
     permitting the revaluation of Property, Plant and Equipment and treatment 
     of this fair value as the deemed cost going forward.

              
     (b)  Tangible fixed assets

     Tangible assets are held at historical cost net of depreciation and any 
     provision for impairment.

     Depreciation is calculated to write down the cost to the estimated residual 
     value over the expected useful life. The rates generally applicable are:

     Office equipment                                25.0%
     Field, Geological equipment                     25.0%
     Computer equipment                              33.3%

     Gold samples are stated at cost and are not depreciated.

     Material residual value estimates are updated as required, but at least 
     annually, whether or not the asset has been revalued.

     Where the carrying amount of an asset is greater than its estimated 
     recoverable amount, it is written down immediately to its recoverable 
     amount.
          
     (c)  Impairment

     Whenever events or changes in circumstances indicate that the carrying 
     amount of an asset may not be recoverable an asset is reviewed for 
     impairment.

     An asset's carrying value is written down to its estimated recoverable 
     amount if that amount is less than the asset's carrying amount.  The 
     recoverable amount is the higher value of fair value less costs to sell and 
     value in use.

     Impairment reviews are carried out on a project by project basis, with each 
     project representing a potential single cash generating unit.
          
     (d)  Taxation

     Current income tax assets and liabilities comprise those obligations to, or 
     claims from, fiscal authorities relating to the current or prior reporting 
     period, that are unpaid at the balance sheet date.  They are calculated 
     according to the tax rates and tax laws applicable to the fiscal periods to 
     which they relate, based on the taxable profit for the period.

     Deferred income taxes are calculated using the liability method on 
     temporary differences. Deferred tax is generally provided on the difference 
     between carrying amounts of assets and liabilities and their tax bases.  
     However, deferred tax is not provided on the initial recognition of 
     goodwill or on the initial recognition of an asset or liability unless the
     relevant transaction is a business combination or affects tax or accounting 
     profit.

     Deferred tax on temporary differences associated with shares in 
     subsidiaries is not provided if reversal of these temporary differences can 
     be controlled by the Company and it is probable that reversal will not 
     occur in the foreseeable future.  In addition tax losses available to be
     carried forward as well as other income tax credits to the Company are 
     assessed for recognition as deferred tax assets.

     Deferred tax liabilities are provided for in full, with no discounting.  
     Deferred tax assets are recognised to the extent that it is probable that 
     the underlying deductible temporary differences will be able to be offset 
     against future taxable income.

     Current and deferred tax assets and liabilities are calculated at tax rates 
     that are expected to apply to their respective period of realisation, 
     provided they are enacted or substantively enacted at the balance sheet 
     date.

     Changes in deferred tax assets or liabilities are recognised as a component 
     of tax expense in the income statement, except where they relate to items 
     that are charged or credited directly to equity in which case the related 
     deferred tax is also charged or credited to equity.

     The Company has been granted 'Exempt Company' status under article 123A of 
     the Income Tax (Jersey) Law 1961.  This status is renewable annually.  The 
     Company plans to maintain this status for as long as it is available 
     pending the introduction of the general zero rate of corporation tax which 
     is expected to be introduced in 2009.  In order to hold exempt status an 
     annual fee of £600 is payable.  The fee is included as an expense in the 
     profit and loss account as it is not dependent on the Company's results.

     The Company is also registered for income tax purposes with the South 
     African Revenue Service ('SARS').

     Due to the loss making position of the Company, there is no South African 
     corporate tax charge this year (2006:$nil).

     The directors believe that the accumulated loss of US$13,887,388 described 
     above might reasonably be assessed by the relevant tax authority (Guyanese 
     or South African) as a tax loss in future and may be available to be offset 
     against possible future capital or income gains of the Company or from 
     other sources of income or capital that may originate outside of the 
     Republic of South Africa.

     No deferred tax asset has been recognised this year due to the uncertainty 
     of future profits (2006: $nil).
          
     (e)  Exploration costs

     Exploration costs incurred include appropriate technical and administrative 
     overheads. Exploration costs are expensed until the commercial viability of 
     a project has been proven.
          
     (f)  Share-based payments

     Share based payments are dealt with in accordance with the requirements of 
     IFRS.  The Company made no share based payments or other equity - settled 
     transactions during the period.
          
     (g)  Financial instruments

     A financial instrument is any contract that gives rise to a financial asset 
     of one entity and a financial liability or equity instrument of another 
     entity.  Financial assets include cash and cash equivalents, other 
     receivables, equity instruments of another enterprise and are recognised
     in the balance sheet at fair value.  Cash and cash equivalents includes 
     cash in hand, deposits held at call with banks, other short-term highly 
     liquid investments with original maturities of three months or less from 
     acquisition.

     Other receivables are non-derivative financial assets with fixed or 
     determinable payments that are not quoted in an active market.  After 
     initial recognition these assets are measured at amortised cost using the 
     effective interest method less provision for impairment.  Any change in
     their value is recognised in the income statement.  Prepayments are 
     distinguished form other receivables in that a prepayments balance will not 
     result in the receipt of cash.

     Financial liabilities are obligations to pay cash or other financial assets 
     and are recognised when the Company becomes a party to the contractual 
     provisions of the instrument.  Financial liabilities categorised at fair 
     value through income statement are recorded initially at fair value, all 
     transaction costs are recognised immediately in the income statement.  All 
     other financial liabilities are recorded initially at fair value, net of 
     direct issue costs.

     Trade and other payables are financial liabilities which are expected to be 
     settled within 12 months of balance sheet date.  Recognition occurs when a 
     Company becomes a party to the contractual provisions of the instrument.  
     Most obligations are legally enforceable and arise under contractual 
     arrangements.  These include amounts owed for assets purchased or services
     obtained (trade creditors), and obligations to provide goods and services 
     where an external party has paid in advance.  Accrued expenses are 
     liabilities to pay for goods or services that have been received or 
     supplied but have not been paid, invoiced or formally agreed with the 
     supplier.

     The recognition of accrued expenses results directly from the recognition 
     of expenses for items of goods and services consumed during the period.  
     The initial measurement of trade and other payables is usually at fair 
     value.

     Interest receivable and payable is accrued and credited/charged to the 
     income statement in the period to which it relates.

     Financial assets that the Company has the positive intention and ability to 
     hold to maturity are classified as held to maturity assets.

     The Company has not entered into any derivative financial instruments for 
     hedging or any other purpose.
          
     (h)  Available for sale financial assets

     Available for sale financial assets include non-derivative financial assets 
     that are either designed as such or do not qualify for inclusion in any of 
     the other categories of financial assets that are either designated as such 
     or do not qualify for inclusion in any of the other categories of financial 
     assets.

     All financial assets within this category are measured subsequently at fair 
     value, with changes in value recognised in equity, through the statement of 
     changes in equity/statement of recognised income and expenditure.

     Gains and losses arising from investments classified as available for sale 
     are recognised in the income statement when they are sold or when the 
     investment is impaired.

     In the case of impairment of available for sale assets, any loss previously 
     recognised in equity is transferred to the income statement.  Impairment 
     losses recognised in the income statement on equity instruments are not 
     reversed through the income statement.  Impairment losses recognised
     previously on debt securities are reversed through the income statement 
     when the increase can be related objectively to an event occurring after 
     the impairment loss was recognised in the income statement.

     The Company had nil available for sale financial assets during the year 
     ended 28 February 2007.
          
     (i)  Pensions and employee benefits

     The cost of short term employee benefits (those payable within 12 months 
     after the service is rendered, such as paid vacation and sick leave, 
     bonuses and non monetary benefits such as medical care ) are recognised in 
     the period in which the service is rendered and are not discounted.

     The expected cost of compensated absences is recognised as an expense as 
     the employees render services that increase their entitlement, in the case 
     of non-accumulating absences, when the absence occurs.

     The expected cost of profit sharing and bonus payments is recognised as an 
     expense when there is a legal or contractual obligation to make such 
     payments as a result of past performance

     During the period under review the Group did not operate or contribute to 
     any pension schemes.
          
     (j)  Income and expense recognition

     The Company's income comprises interest receivable from bank deposits and 
     management fees.

     Operating expenses are recognised in the income statement upon utilisation 
     of the service or at the date of their origin.

     Interest received is recognised upon receipt and any outstanding interest 
     is accrued at the end of the period.

     All other income and expenses are reported on an accrual basis.

     (k)     Foreign currency translation

     The financial information is prepared using United States Dollars as the 
     functional currency.

     Transactions denominated in other currencies are translated into Dollars at 
     the rate actually incurred when making the transaction

     Monetary assets and liabilities denominated in other currencies at the 
     balance sheet date are translated at the exchange rate ruling at that date.  
     These translation differences are dealt with in the profit and loss 
     account.

     Other assets and liabilities have been translated into Dollars at the 
     closing rate at the balance sheet date.

     Where expenses denominated in other currencies were not recorded as 
     incurred, translation takes place at an average rate for the period.
          
     (l)  Equity and share capital

     An equity instrument is any contract that evidences a residual interest in 
     the assets of the Company after deducting all its liabilities.

     Equity comprises the following:

     i) 'Share capital' is the nominal value of equity shares translated into 
     Dollars at date of issue.

     ii) 'Share premium account' represents the excess over nominal value of the 
     fair value of consideration received for equity shares, net of expenses of 
     the share issue translated into Dollars at date of issue.

     iii) 'Retained losses' represents retained losses transferred from the 
     profit and loss account. If the Company re-acquires its own equity 
     instruments, those treasury shares are deducted from equity.  No gain or 
     loss is recognised in profit or loss account on the purchase, sale, issue 
     or cancellation of the Company's own equity instruments.

     Consideration paid or received is recognised directly in equity.
          
     (m)  Operating lease agreements

     Rentals applicable to operating leases where substantially all of the 
     benefits and risks of ownership remain with the lessor are charged against 
     profits on a straight-line basis over the period of the lease.  The Company 
     did not operate any assets under lease or rental agreements during the 
     period.
          
     (n)  Cash and cash equivalents

     Cash and cash equivalents in the balance sheet comprise cash on hand and 
     demand deposits together with other short term, highly liquid investments 
     that are readily convertible into known amounts of cash and which are 
     subject to an insignificant risk of changes in value.
          
     (o)  Goodwill

     Goodwill which represents the excess of the cost of acquisition over the 
     fair value of the Company's share of the identifiable net assets acquired 
     is capitalised and reviewed annually for impairment.  Goodwill is carried 
     at cost less accumulated impairment losses.  Negative goodwill
     is recognised immediately after acquisition in the income statement.

     Goodwill written-off to reserves prior to the date transition to IFRS 
     remains in reserves.  There is no re-instatement of goodwill that was 
     amortised prior to transition to IFRS.  Goodwill previously written-off to 
     reserves is not written back to the income statement on subsequent
     disposal.
          
     (p)  Standards and interpretations not yet applied

     The directors together with their advisers are in the process of evaluating 
     the impact of standards and/or interpretations that have not yet become 
     effective.  Listed below are those standards and/or interpretations most 
     likely to impact the Company.

     i) IFRIC 11 (IFRS 2) Group and Treasury Share Transactions - mandatory for 
     year 2008; and

     ii) IFRS 8 Operating segments - mandatory for year 2009.

     Based on the Company's current business model and accounting policies it is 
     felt that these standards and/or interpretations are not likely to have a 
     material impact on the Company's earnings or shareholders funds.
          
     (q)  Critical accounting estimates and judgements

     The Company makes estimates and assumptions concerning the future.  The 
     resulting estimates will by definition seldom equal the actual results.  
     These estimates and judgments are continually evaluated and are based on 
     historical experience and other factors, including expectations of future 
     events that are believed to be reasonable under the circumstances. These 
     judgements and estimates are based on management's best knowledge of the 
     relevant facts and circumstances, having regard to prior experience.

     The board of directors has considered the critical accounting estimates and 
     assumptions used in the historical financial information and concluded that 
     areas of judgement that have the most significant effect on the amounts 
     recognised in the financial statements concern: the decision not to 
     recognise deferred tax and the estimation of share options' 'non-fair 
     value',value.

     The Company has no contractual obligations for restoration from exploration 
     work carried out in the period.




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