REDSTONE RESOURCES LIMITED (RDS)

The suspension of trading in the securities of Redstone Resources Limited will be lifted immediately following the release by RDS of an announcement regarding a capital raising.

The company releases a notice of Proposed issue of Securities - RDS.

Redstone successfully raises $750,000 (before costs) in a private placement. Commitments received for an oversubscribed private placement at 1.4 cents per share, representing a 6.67% discount to the last closing price. Oversubscriptions accepted from professional and sophisticated investors introduced by lead broker to the placement, Barclay Wells Ltd. Funds will be used for working capital and to promptly evaluate the recently acquired HanTails Gold Project in the heart of Kalgoorlie, as well as to continue targeted evaluation and exploration on the Company's 100% owned West Musgrave Project. The Company now has an attractive portfolio of advanced Western Australian gold and copper assets which are funded to evaluate and develop to the next stage. The HanTails Gold Project (RDS: 80%) will be rapidly evaluated for development. The high prospectivity of the West Musgrave Project has been validated in the most recent drill and field programme with excellent potential to add to its current JORC compliant copper resource.

The company releases an Appendix 2A and Cleansing Notice.

The company releases an amended announcement on the HanTails Gold Project, Kalgoorlie.

The company releases a notice of Proposed issue of Securities - RDS.

The company releases its HanTails Gold Project Presentation.

Redstone enters agreement to farm"in up to 80% interest in the privately owned Hannans South Gold Tailings Project, a large scale gold Tailings Storage Facility located on the historic Hannans South Gold Mill site in Kalgoorlie, Western Australia. HanTails is estimated by the vendor through drone survey to contain approximately 6,300,000 cubic metres of gold tailings deposition material (subject to more detailed survey) and presents an excellent low cost development stage opportunity for Redstone. Located just 8kms north of HanTails is the successful 1990's KalTails tailings operation where approximately 64 million tonnes were processed for the recovery of ~600,000oz gold. Aircore drilling and sampling programme to establish metal endowment and provide bulk samples for metallurgical testing and recoveries is set to commence in August. Convenient location just 10 kms south of the Kalgoorlie Super Pit and proximal to several existing gold processing mills. Also adjacent to power, water and logistical options. HanTails contains material sourced from a variety of gold deposits in the Kalgoorlie-Boulder region processed in a 20-year-period from 1986. Material treated was from a mixture of primary, oxide and transitional gold ores. HanTails is a development stage alternative to greenfields exploration for the Company with the potential for cash flow in the short to medium term. Mr. Chris Banasik has been engaged to lead the HanTails Project. Silver Lake grew to become an ASX 200 company with a market capitalisation over A$1.0 billion.

The securities of Redstone Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of RDS, pending the release of an announcement regarding a capital raising.

securities reinstated to quotation

securities suspended pending an announcement

securities reinstated to quotation

Redstone announces that it has entered into a farm in and joint venture agreement with a private investment company (Company) over its Baggaley Hills Project in the West Musgrave region - the Company has also agreed to subscribe for 5 million fully paid ordinary shares in Redstone at $0.10 per share to raise $500,000 - the placement will occur in two equal tranches in September 2009 and February 2010 - under the terms of the agreement the Company has paid Redstone $255,000 upon execution and a will make a further payment of $250,000 in June 2009 - the Company has the right to earn 80% of the Baggaley Hills project tenements by spending a minimum of $2.5 million over a three year period on the tenements

securities suspended following failure to lodge financial reports