TORONTO--(MARKET WIRE)--Jul 29, 2008 -- Brownstone Resources Inc. (Other OTC:BWNR.PK - News) has decided not to continue with plans for the Elliot Lake prospective uranium property. The company will instead focus their efforts on the exploration and development of the LS Grande gold/silver/copper property in Arizona.

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 Brownstone's 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.

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