Queenstake Resources Ltd (qee)

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QUEENSTAKE ANNOUNCES FIRST QUARTER 2006 RESULTS CONFERENCE CALL

Denver, Colorado - May 9, 2006 - Queenstake Resources Ltd. (TSX: QRL; AMEX:QEE) will announce its first quarter 2006 results on Wednesday, May 10th and will hold a conference call hosted by President and Chief Executive Officer Dorian (Dusty) Nicol to review the quarter highlights at 1:00 p.m. Eastern Daylight Time that day.

The conference call may be accessed by telephone:
United States and Canada (Toll-Free): 1-866-672-2663
International (Toll): 1-973-582-2822

The conference call may also be accessed via the Queenstake web site at www.queenstake.com, under the Audio Webcast Link on the homepage.

A replay of this call will be available for a limited time on the Queenstake web site or by calling:
United States and Canada (Toll Free): 1-877-519-4471
International (Toll): 1-973-341-3080
Replay Pin Number: 7360912