Stoneset Equity Development Corp.
CNSX : SQC

Stoneset Equity Development Corp.

November 15, 2010 09:00 ET

Stoneset Arranges Land Purchase in Established B.C. Golf Course Resort

CALGARY, ALBERTA--(Marketwire - Nov. 15, 2010) - Stoneset Equity Development Corp. (CNSX:SQC) signed an option agreement to purchase up to 31 hectares (77 acres) of land for development in an established, mountain-side golf resort in Chilliwack, B.C.. The lush 18-hole course is just a 1.5-hour drive from Vancouver. It was a favorite haunt of Lady Baden Powell, the patriarch of the world-wide Girl Guides organization.

Stoneset's plan is to develop socially and environmentally-responsible townhomes and condominiums all of which will have access to the resort, called the Falls Resort, one of B.C.'s top-rated golf and outdoor recreation communities. As proposed, the total build out on the property would be 477 residential units, a 212-room hotel and approximately 2,740 sq. metres (29,500 sq. ft.) of commercial space. In the first stage, Stoneset would initially add 110 townhomes and 50 condominiums with a variety of energy-saving technologies, including solar aquatics to treat greywater as well as wind, solar and mini-hydro. All construction will include high-efficiency design and buildings with healthy interiors that will cater to a variety of allergen sensitivities.

The specific parcel of land in question, formerly known as the 'Tsoona Lands', is rich in history and in fact was the home to the BC Girl Guides for many years. Known as 'Camp Tsoona' to the Girl Guides, this historic site was regularly visited by Lady Baden Powell when she would travel to Canada during her stint as Chief Guide in the 1930's. And just a short distance away from the Tsoona lands, sits the original homestead, a sparse and very drafty log cabin built by farmer Tom Brown for his family of five in the early 1900's.

Stoneset CEO, Tony Argento, said, "Stoneset is very fortunate to have the opportunity to purchase this exceptional property in a very unique location. It will allow Stoneset to develop a project that will be very sensitive to its location both in an environmental and social context. Having a well established and spectacular golf course resort as the backdrop to the development can only enhance the marketability of Stoneset's contribution to this lush property nestled in the heart of the Fraser Valley."

About Stoneset Equity Development Corp. 

Stoneset s a Calgary-based real estate investment company and property developer with a vision to create balance of consistent growth for investors, minimal environmental impact and value to the community.

Cautionary Statements
The statements in this news release are made as of the date of this release. Stoneset does not undertake any obligation to update such forward-looking statements except as required by applicable securities laws.

The CNSX has not reviewed and does not accept responsibility for the adequacy of this release.

Contact Information