Permits Granted and Change of Broker

19 February 2021

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Permits Granted and Change of Broker

GoldStone Resources Limited (AIM: GRL), the AIM quoted gold exploration and development company focused on bringing its Akrokeri-Homase Gold Project ("AKHM") into production, is pleased to announce the appointment of SP Angel Corporate Finance LLP as the Company's broker with immediate effect. 

We are also pleased to announce that both the Mining Operating Permit and the Water Use Permit for the Company's Homase South Pit within the AKHM Project (the "Project") (the "Permits") have been awarded to the Project. The Company now has all of the key permits required to progress the developments at the Homase South Pit and looks forward to updating on progress in due course.

Emma Priestley, Goldstone's CEO, commented:

"We thank the Minerals Commission, Water Resources Commission of Ghana and all involved for the approval of our Permits, with these approvals in place, there is clear demonstration of continued support for the project development from the Ghana Government. We are delighted with the granting of these permits which allows the Homase South Project, to advance with  its development phase.

"We thank SI Capital for their support to GoldStone during these past few years and we look forward to updating the market as the Project development progresses."

For further information, please contact:

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.

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.  The existing resource is confined to a 4km zone of the Homase Trend, including Homase North, Homase Pit and Homase South.

The project hosts two former mines, the Akrokeri Ashanti Mine Ltd, which produced 75,000 oz gold at 24 g/t recovered grade in the early 1900s, and the Homase Pit which AngloGold Ashanti developed in 2002/03 producing 52,500 oz gold at 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.