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REDSTONE RESOURCES LIMITED Board/Management Information 2012

Jul 9, 2012

65676_rns_2012-07-09_87240543-44e5-4b3f-8870-bfb27aa071c9.pdf

Board/Management Information

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10 July 2012

R e dstone Resources Ltd Board Changes

Redstone Resources Limited (ASX:RDS) (Redstone or the Company) announ c es changes to its board of directors as the Co m pany prepares for the next stage of develop m ent of its exciting Tollu Copper-Nickel (Cu-Ni) Project in Western Australia.

Board Appointments

Mr Edward van Heemst ha s been appointed as a non-executive director and Mr Anthony Ailakis has been appointed a s executive director.

Mr Edward van Heemst is a prominent Perth businessman with 40 years e xperience in the management of a diverse ra n ge of activities with large private companies.

Mr van Heemst is currently t he Managing Director of Vanguard Press and C hairman of Perth Racing. Mr van Heemst h o lds a Bachelor of Commerce degree from t he University of Melbourne, an MBA from th e University of Western Australia and is a mem b er of the Institute of Chartered Accountants Au s tralia.

Mr van Heemst has been a significant investor in the WA mining sector ove r decades and has built a substantial sharehol d ing in Redstone since the discovery of significant hydrothermal copper sulphide mineralisati o n at Tollu in the West Musgrave region of West e rn Australia.

The addition to the Board o f Mr van Heemst’s extensive knowledge of ca p ital markets and established mining industry n etworks will assist the Company as it moves into its next stage of development at its highly pr o mising Tollu Cu-Ni Project.

Mr Ailakis is a founder of Redstone and returns to the board after three years as the company’s Operations Mana g er, during which time he has overseen the discovery of the Tollu Cu-Ni Project. Mr Ailakis hol d s law degrees from the University of Western Australia and has extensive experience in the management of mineral exploration thro u gh his 20 year involvement in the mineral e x ploration sector.

Redstone Resources Limited ABN 42 090 1 6 9 154 Suite 3, 110-116 East Parade, East Perth WA 600 4 Tel: 08 9328 2552 Fax: 08 9328 2660

www.redstone.com.au E mail: [email protected]

ASX: RDS

Resignations

Mr Barry Woodhouse and Mr David Le Roy have formalised their resignations from the Redstone board.

Mr Anthony Howland-Rose h a s also resigned as strategic adviser to the Boar d .

The Company sincerely th a nks Messrs Woodhouse, Le Roy and Howla n d-Rose for their commitment and contributions to Redstone and wishes them well in their future endeavours.

Investor Enquiries:

Telephone: +61 8 9328 2552 Facsimile: +61 8 9328 2660 Email: cont a [email protected] Website: ww w .redstone.com.au Address: PO B o x 8646, Perth Business Centre WA 6849

Redstone Resources Limited ABN 42 090 1 6 9 154 Suite 3, 110-116 East Parade, East Perth WA 600 4 Tel: 08 9328 2552 Fax: 08 9328 2660

www.redstone.com.au E mail: [email protected]