Director Appointment

GoldStone Resources Limited (AIM: GRL) is pleased to announce the appointment of Mr Campbell Smyth as a Non-Executive Director with immediate effect, as the nominee director of Asian Investment Services Limited ("AIMSL"), which holds 29.68% of the Company's issued share capital.

Mr Smyth has over 30 years of experience in fund management, capital markets and corporate finance in the venture capital and resource sectors. His extensive experience includes advising company boards in strategic transactions and management and trading of commodity funds. He has assisted in raising over $500m of capital for junior resource companies.

Following a career as a resources portfolio manager in London with Lion Resource Management, Mr Smyth relocated to Australia and set up Clariden Capital Pty Ltd in September 2008 which focuses on development capital companies on the ASX and TSX. He assisted in managing the Phoenix Gold Fund, based in Kuala Lumpur, from 2005 to 2014.

Mr Smyth holds a Bachelor of Commerce from the University of Western Australia, and postgraduate studies in Economics from Pembroke College, Oxford University.

Emma Priestley, Chief Executive Officer of Goldstone, commented:

"We are pleased to welcome Campbell to the Board. He is a high calibre individual whose extensive and diverse experience will bring a new perspective to the Company and we look forward to working together."

Additional Information

Mr John Campbell Smyth, aged 55

There is no further information to be disclosed pursuant to Schedule 2(g) of the AIM Rules.