SOURCE: Brownstone Resources Inc.

March 19, 2008 08:00 ET

Brownstone Resources Increases Elliot Lake Interest to 100%

TORONTO--(Marketwire - March 19, 2008) - Brownstone Resources Inc. (PINKSHEETS: BWNR), a junior mineral resource exploration and development company, announces that the company has been granted an additional 50% earn in on the original option for ownership interest in the Elliot Lake mining claims, located in Northern Ontario.

The additional 50% increases the potential ownership earn in up to a total of 100%, from the originally announced 50% (please see news release dated Nov 19, 2007 "Brownstone announces property acquisition").

The company will make further announcements on acquisitions and developments of the property, as the information becomes available.

Please visit the company website for more information:

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 Information

  • Contact:

    Investor Relations
    Brownstone Resources Inc.
    866-365-4724