Goldstone Resources fka GRC

[NYBob]

Goldstone Announces Initial 2011 Key Lake Drilling Results
Highlights: Near Surface Grading 1.56 g/t Au Over 24 m
May 30, 2011 (Marketwire Canada) --
TORONTO, ONTARIO --

Goldstone Resources Inc.
(TSX:GRC) (PINK SHEETS:GRSZF) today announced
first results from the 2011 drilling program at its Key Lake
property where the Company is focused primarily on obtaining
enough drilling information for the purposes of estimating a
NI 43-101 compliant mineral resource and establishing
the viability of an open pit mining operation.

Located just west of Geraldton, Ontario, Key Lake
is contiguous to the Hardrock Project where eight rigs will
be active in 2011 and where diamond drilling by the Company's
joint venture partner, Premier Gold Mines Ltd. (TSX:PG),
as operator, has established a significant gold resource
near surface as well as high grade intersections at depth.
Goldstone holds a 30% carried interest in the Hardrock Project
and a 100% interest in Key Lake and its other properties.

To date in the 2011 Key Lake drilling program, 42 holes have
been completed for a total of 9,000 metres along a strike
in excess of 800 metres.
Complete assay results have been received for 27 holes.
Drilling is primarily focused on identifying near surface
gold mineralization amenable to open pit mining.
All holes drilled to-date have intersected gold mineralization,
including hole KL-11-92 which encountered
gold grading 49.3 g/t over 0.65 metres
(a photograph of the core with visible gold is posted at
http://www.goldstoneresourcesinc.com

Additional holes not yet assayed have also encountered
visible gold.
Results for these holes will be published in a future
press release.

Drilling suggests the potential for defining open-pit style
with wide zones such as in
KL-11-68 that intersected 24 m at 1.56 g/t Au.
Approximately 30,000 metres of drilling are planned for
this year along the main Key Lake corridor,
including testing new anomalies identified by the
IP geophysical survey carried out earlier this year.
The current program is capitalizing on the success of
a 12,000-meter drilling program in 2010 which outlined
significant gold mineralization,
including 3.17 g/t over 44 metres and 2.28 g/t over 42.7 metres.

2011 Significant results received to date are as follows:

http://www.goldstoneresourcesinc.com/news/newsrel-2011_05_30.pdf

http://tmx.quotemedia.com/article.php?newsid=41753343&qm_symbol=GRC