REDSTONE RESOURCES LIMITED — Share Issue/Capital Change 2007

May 3, 2007

4 May 2007

Manager Announcements Companies Announcements Office Australian Stock Exchange Limited Level 4/20 Bridge Street SYDNEY NSW 2000

Electronic Lodgement

Dear Sir/Madam

SHARES AND UNQUOTED OPTIONS BEING RELEASED FROM ESCROW

In accordance with Listing Rule 3.10A please be advised that 3,927,066 ordinary fully paid shares will be released from escrow on or after 4 May 2007 and a further 3,000,000 unquoted options issued to North Eastern Mining Services Pty Ltd will be released from escrow on or after 17 May 2007.

Yours faithfully

Wlast

Miranda Conti Company Secretary