GOLDSTONE RESOURCES LIMITED

Board/Management Information • Nov 23, 2015

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RNS Number : 5400G

Goldstone Resources Ltd

23 November 2015

23 November 2015

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

DIRECTORATE CHANGES

GoldStone Resources Limited (AIM: GRL), the AIM quoted company focused on gold in West and Central Africa, is pleased to announce the appointment of Mr Kerry Parker as a Non-Executive Director with immediate effect.  Mr Parker is replacing Mr Andrew McIlwain as Unity Mining Limited's ("Unity"), the Company's second largest shareholder, representative on the Board.  Mr McIlwain has resigned with immediate effect having recently stepped down as Managing Director and CEO of Unity.  The Board wishes to extend its thanks and gratitude to Mr McIlwain for his invaluable assistance during his near four years of service to the Company.

Mr Parker is an experienced financial and commercial executive with over 25 years of experience both in Australia and internationally.  Mr Parker's experience includes significant equity and debt raising, M&A, commercial negotiation, planning and strategy development.  He is currently the Chief Financial Officer of ASX listed Unity.  Prior to joining Unity, Mr Parker held the role of Chief Financial Officer at ASX listed Discovery Metals Limited.  Other previous roles included Chief Financial Officer and Company Secretary roles at CH4 Gas Limited, Arrow Energy Limited, Inova Resources Limited and Panax Geothermal Limited.  Mr Parker holds a Bachelor of Business degree, and is a member of the Institute of Chartered Accountants of Australia and the Australian Institute of Company Directors.

Additional information on Kerry John Parker

The additional information below is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies ("AIM Rules"):

Kerry John Parker (aged 48)

Current Directorships	Past Directorships (within last five years)
Bendigo Mining Pty Ltd Big Island Mining Pty Ltd Dargues Gold Mine Pty Ltd FDBC Resources Pty Ltd Gabba Resources Pty Ltd Gabba Resources (Domestic) Pty Ltd Gabba Resources (International) Pty Ltd Henty Gold Pty Ltd Moreton Gold Pty Ltd Norman Park Resources Pty Ltd Parker Accounting Services Pty Ltd Parker Ambor Family Pty Ltd Parker Investments Brisbane Pty Ltd Resource Capital Finance and Advisory Pty Ltd Wombola Gold Pty Ltd	Chinova Resources Cloncurry Mines Pty Ltd Chinova Resources Operations Pty Ltd Chinova Resources Osborne Pty Ltd Chinova Resources Tennant Creek Pty Ltd Discovery Copper Botswana Discovery Copper Mauritius Discovery Metals Botswana Discovery Metals Mauritius Osiris Energy Ltd Panax Holdings Pty Ltd Raya Group Limited Panax Singapore #1 PTE Panax Singapore #2 PTE Panax Singapore #3 PTE Scopenergy Petroleum Pty Ltd Scopenergy Pty Ltd Thynne Avenue Pty Ltd Waratah Power Pty Ltd

Mr Parker was previously the Chief Financial Officer and Company Secretary of ASX listed Discovery Metals Limited, during which period Discovery Metals Limited went into voluntary liquidation commencing February 2015. Creditors were left with a shortfall of approximately US$60.0 million from the group.  Mr Parker was also a Director at subsidiaries of the group, being, Discovery Copper Botswana, Discovery Metals Botswana, Discovery Copper Mauritius and Discovery Metals Mauritius, which also became insolvent and whose shortfall to creditors is included in the above total.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules.

**ENDS**

For further information, please contact:

GoldStone Resources Limited
Jurie Wessels	+27 (0)21 913 0388
Strand Hanson Limited
Richard Tulloch / Andrew Emmott	+44 (0)20 7409 3494
Scott McGregor	+27 (0)87 828 0407
SI Capital Limited
Nick Emerson / Andy Thacker	+44 (0)1483 413 500

This information is provided by RNS

The company news service from the London Stock Exchange

END

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