TORONTO--(MARKET WIRE)--Jul 23, 2008 -- Brownstone Resources Inc. (Other OTC:BWNR.PK - News) is pleased to announce that the company has approved the proposal for the "Phase One" development plan for the companies jointly owned "LS Grande" gold/silver/copper property located in NE Arizona.

Based on the current and historical information provided to Brownstone by their development partner, the first phase of development for the LS Grande property will include a diamond drilling program (1000m), designed to test the known zone at depth, and along strike.

Together with sampling and assaying of the drill cores, additional geophysical testing and mapping will accompany the drill program to help the company better understand and define the structure of the mineralized zones.

The results of the drill program, assaying and geophysics will assist the company in their plan to further stake and claim the surrounding area/land, and also aid Brownstone in the future development of the LS Grande.

Management will continue to keep investors and shareholders updated as our field programs yield results.

Brownstone is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold mining properties. Details of Brownstones projects are available on the Company's website at 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:
     Investor Relations
     Brownstone Resources Inc.
     866-365-4724