Goldstone Resources Inc. today announced drill results for the final holes drilled in 2009 testing the Hardrock Project's NN (open pit) Zone by Premier Gold Limited.

Goldstone holds a 30 percent carried interest in the Hardrock Project, a joint venture with Premier in the Geraldton Camp of the Beardmore-Geraldton Greenstone Belt, through its wholly-owned subsidiary Roxmark Mines Limited.

Drilling continues to expand the NN Zone westward such that, combined with the EP Zone, mineralization in this open pit target area has been intersected over a strike length of 1,400 metres where it remains open.

These holes, the final results that will be included in an upcoming NI 43-101 mineral resource estimate for the Hardrock Project, continue to reveal multiple gold zones having broad intersections and high gold grades. Of particular note is hole MM090, the westernmost (and near surface) hole in the NN Zone which returned two intersections including 9.08 grams per tonne gold (g/t Au) across 12.8 metres (m) (0.27 oz/ton across 42.0 feet) and 16.72 g/t Au across 4.2m (0.49 oz/ton across 13.8 feet). The NN Zone horizon remains open for expansion to the west of MM090. Additionally, a portion of the EP Zone remains open to the northwest, and favourable structures along strike to the east of, and within the same horizon as, the EP Zone remain untested.

In 2009, more than 90,000 metres of drilling was completed at Hardrock, successfully identifying multiple open pit and underground style gold zones, with a resource estimate relating to the near-surface (open pit) zones expected in mid-February. Highlights from final 2009 drilling in the NN Zone include:

- 26.30 g/t Au across 4.0m (0.77 oz/ton across 13.1 feet) in MM088

- 9.08 g/t Au across 12.8m (0.27 oz/ton across 42.0 feet) including 27.59 g/t Au across 3.5m (0.81 oz/ton across 11.5 feet) in MM090

- 16.72 g/t Au across 4.2m (0.49 oz/ton across 13.8 feet) in MM090

- 13.55 g/t Au across 3.0m (0.40 oz/ton across 9.8 feet) in MM080

- 11.44 g/t Au across 4.5m (0.33 oz/ton across 14.8 feet) in MM081.

The Hardrock Project is host to several past-producing mines which collectively produced more than 3.0 million ounces of gold, primarily from depths within 600 metres (2000 feet) of surface. The productive zones remained wide open at depth and existing historic resources were left in place within the workings at the time mine production ceased.

Stephen McGibbon, Premier's Executive VP and COO, said, Hardrock continues to exceed even our optimistic expectations. These solid results bode well for our forthcoming resource estimate and our ongoing aggressive drilling program. During 2010 we are eager to continue to further outline both the open pit and underground potential of Hardrock.

We are very pleased with the progress and the excellent results obtained to date. It definitely underscores the value of the Beardmore-Geraldton Camp, said Patrick Sheridan, Jr., Goldstone's Chief Executive Officer.

Drilling is focused on delineating both open pit and underground zones with the goal of identifying a multi-million ounce gold resource that can be advanced quickly toward development. The Project offers development advantages with the Trans-Canada Highway, Trans-Canada Pipeline, and major power lines running through the centre of the property.

Significant potential for developing resources in several areas has been identified including:

1) Open pit-style mineralization proximal to the main zones previously mined by underground methods;

2) Discoveries including bonanza-style gold zones;

3) Down-plunge of historically mined zones including the SP and North Zones; and,

4) Mineralization along strike from historically mined zones in the NN and North Zone areas.

New results from drilling in the NN Zone, which will be part of the upcoming open pit resource relating to near-surface (open pit) gold zones at Hardrock, are presented in Table 1.

Table 1 NN Zone Diamond Drilling Results
------------------------------------------------------------------------
UTM
Hole-ID Coordinates Dip/Azimuth From (m) To (m)
(m) (degrees)
------------------------------------------------------------------------
180.0 181.4
5502869 N ----------------------------
MM080 504024 E -52/360 205.0 208.0
----------------------------
221.5 224.5
------------------------------------------------------------------------
5502869 N 196.2 200.7
MM081 503980 E -50/360 ----------------------------
196.2 200.7
------------------------------------------------------------------------
121.5 132.6
MM082 5502930 N ----------------------------
503950 E -45/360 205.5 210.0
----------------------------
including 205.5 206.6
------------------------------------------------------------------------
166.5 172.8
5502872 N ----------------------------
MM084 503949 E -50/360 201.5 204.7
----------------------------
222.0 225.0
------------------------------------------------------------------------
141.0 145.5
5502941 N ----------------------------
MM086 503900 E -50/360 202.0 203.5
----------------------------
210.7 218.3
------------------------------------------------------------------------
5502870 N 210.7 213.0
MM088 503900 E -50/360 ----------------------------
229.5 233.5
------------------------------------------------------------------------
5502910 N 181.1 184.3
MM089 503850 E -50/360 ----------------------------
215.0 220.7
------------------------------------------------------------------------
23.8 28.0
----------------------------
35.5 37.0
MM090 ----------------------------
5502970 N 102.2 105.0
504024 E -45/360 ----------------------------
120.4 133.2
----------------------------
including 123.5 127.0
----------------------------
147.7 149.7
------------------------------------------------------------------------
5502980 N
MM091 504100 E -45/360 54.2 56.4

------------------------------------------------------------------------

------------------------------------------------------------------------
Hole-ID Interval Grade Interval Grade Zone
(m) (g/tonne) (ft) (oz/ton)
------------------------------------------------------------------------
1.4 2.67 4.6 0.08 Upper NN
------------------------------------------------------------
MM080 3.0 5.23 9.8 0.15 X
------------------------------------------------------------
3.0 13.55 9.8 0.40 NN
------------------------------------------------------------------------
4.5 11.44 14.8 0.33 Upper NN
MM081 ------------------------------------------------------------
4.5 5.82 14.8 0.17 NN
------------------------------------------------------------------------
11.1 1.20 36.4 0.04 NN
MM082 ------------------------------------------------------------
4.5 3.48 14.8 0.10 X
------------------------------------------------------------
including 1.1 10.20 3.6 0.30 X
------------------------------------------------------------------------
6.3 1.66 20.7 0.05 Upper NN
------------------------------------------------------------
MM084 3.2 2.93 10.5 0.09 Upper NN
------------------------------------------------------------
3.0 5.67 9.8 0.17 NN
------------------------------------------------------------------------
4.5 1.92 14.8 0.06 Upper NN
------------------------------------------------------------
MM086 1.5 2.56 4.9 0.07 Upper NN
------------------------------------------------------------
7.6 2.75 24.9 0.08 NN
------------------------------------------------------------------------
2.3 2.77 7.5 0.08 Upper NN
MM088 ------------------------------------------------------------
4.0 26.30 13.1 0.77 NN
------------------------------------------------------------------------
3.2 1.37 10.5 0.04 Upper NN
MM089 ------------------------------------------------------------
5.7 3.09 18.7 NN
------------------------------------------------------------------------
4.2 16.72 13.8 0.49 NN
------------------------------------------------------------
1.5 4.29 4.9 0.13 X
MM090 ------------------------------------------------------------
2.8 4.79 9.2 0.14 X
------------------------------------------------------------
12.8 9.08 42.0 0.27 NN2
------------------------------------------------------------
including 3.5 27.59 11.5 0.81 NN2
------------------------------------------------------------
2.0 5.36 6.6 0.16 X
------------------------------------------------------------------------

MM091 2.2 3.46 7.2 0.10 NN
------------------------------------------------------------------------
- True widths estimated at 70% of intersection widths