Completion of Fundraising & Lifting of Suspension

Capitalised terms used but not otherwise defined in this announcement bear the meanings ascribed to them in the Company's announcement of 10 April 2024 entitled "Conditional Fundraising and Notice of AGM" unless otherwise defined herein.

GOLDSTONE RESOURCES LIMITED

("GoldStone" or the "Company")

Completion of Fundraising and

Lifting of Suspension in Trading

GoldStone Resources Limited (AIM: GRL) is pleased to announce, further to its announcement of 21 May 2024, that the Company has now received all funds in respect of its subscription to raise total gross proceeds of £834,000 (the "Fundraise"). Accordingly, the Company will issue 83,400,000 Subscription Shares, 52,800,000 Conversion Shares, 14,090,000 Director Fee Conversion Shares and 7,500,000 Adviser Fee Shares (the "New Ordinary Shares").

Lifting of Suspension in Trading

As a result of, inter alia, completion of the Fundraise, and following publication of the Accounts on 10 April 2024, trading in the Company's Ordinary Shares on AIM is expected to be restored with effect from 7.30 a.m. on 24 May 2024.

Admission and Total Voting Rights

Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 24 May 2024. The New Ordinary Shares will be issued as fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.

Upon Admission, the Company's issued ordinary share capital will consist of 656,303,333 Ordinary Shares with one voting right each (the "Enlarged Share Capital"). The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company following Admission will be 656,303,333. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.