BWNR NEWS---Letter to the Shareholders of Brownstone Resources Inc. on Corporate Update
9 minutes ago - Market Wire
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BWNR 0.012 0.00%
As of 9:42 AM ET 1/28/09
The management of Brownstone Resources (the "company") (PINKSHEETS: BWNR) is pleased to provide a corporate update to its shareholders.
Brownstone recognizes that recent market conditions have made times extremely challenging for the junior exploration and resource companies and markets. In these turbulent times, junior mineral resource exploration companies must have well-located, quality projects; an appropriate strategy in place; and an experienced management team. Brownstone Resources has all of these. 2008 was a year of steady progress and accomplishment for Brownstone Resources as the company was able to deliver on its plans as proposed for the year.
The company successfully completed its earn in on the "LS Grande" (the "property") gold/silver/copper property, located in NE Arizona, and also fulfilled their obligations required for exploration expenditures. The company was also successful in implementing the "Phase One" exploration plan for property, which saw Brownstone complete the initially proposed drill program of the target area. The company is now awaiting the results of the drill program. While Brownstone intends to continue to focus on its LS Grande project the company is continuing to evaluate potential acquisition opportunities of undervalued attractive gold projects that could add to shareholder value. Brownstone Resources appreciates the support of its many shareholders, and we look forward to 2009 as a year of continued growth and achievement.
Brownstone Resources is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold properties in North America. Details of Brownstone's projects are available on the Company's website at www.brownstoneresources.com.
Forward-Looking Statement
This news release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.
Contact:
Investor Relations
Brownstone Resources Inc.
866-365-4724
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