GOLDSTONE RESOURCES LIMITED

AGM Information • Jul 17, 2018

National Storage Mechanism | Additional information

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RNS Number : 9271U

Goldstone Resources Ltd

17 July 2018

17 July 2018

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Result of AGM & CEO Statement

GoldStone Resources Limited (AIM: GRL), is pleased to announce that at the Company's Annual General Meeting ("AGM") held earlier today, all resolutions were duly passed.

Emma Priestley, the Company's CEO, made the following statement:

"I am delighted to confirm that we remain on course to achieve initial production from our Akrokeri-Homase Gold Project within two years - and we believe this to be a conservative estimate.  I look forward to detailing our production plans in the coming weeks and months as we embark on this transition to cash generative gold producer."

**ENDS**

For further information, please contact:

GoldStone Resources Limited
Emma Priestley	Tel: +44 (0)7867 785177 / +233 (0)55 581 8855
Strand Hanson Limited
Richard Tulloch / James Bellman	Tel: +44 (0)20 7409 3494
SI Capital Limited
Nick Emerson	Tel: +44 (0)1483 413 500
Citigate Dewe Rogerson
Louise Mason-Rutherford	Tel: +44 (0)20 7282 2932
St Brides Partners Ltd
Susie Geliher / Juliet Earl	Tel: +44 (0)20 7236 1177

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

About GoldStone Resources Limited

GoldStone Resources Limited (AIM: GRL) is an AIM quoted gold exploration and development company with projects in Ghana, Senegal and Gabon that range from grassroots to advanced exploration.

The Company is focused on developing the Akrokeri-Homase project in south-western Ghana, which hosts a JORC Code compliant 602,000 oz gold resource at an average grade of 1.77 g/t, along strike from the Obuasi Gold Mine, one of the world's major gold mines with a total historical and current resource in excess of 70 million ounces of gold.  GoldStone's existing resource is confined to a 4 km zone of the Homase Trend, including Homase North, Homase Pit and Homase South.

The project hosts two former mines, the Akrokerri Ashanti Mine Ltd, which produced 75,000 oz gold @ 24 g/t recovered grade in the early 1900s, and the Homase Pit which AngloGold Ashanti developed in 2002/03 producing 52,000 oz gold @ 2.5 g/t recovered.  It is the Company's intention to build a portfolio of high-quality gold projects in Ghana, with a particular focus on the highly prospective Ashanti Gold Belt.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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