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Message: Deemed Value Goldstone

More Assets Goldstone’s - Balance Sheet

In addition to:

a) Hardrock Gold Deposit*

b) Brookbank Gold Deposit**

c) Key Lake

d) Leitch/Sand River

e) Northern Empire

f) Deloro –Timmins area

g) Bartec – Val D’Or

OTHER ASSETS:

  1. Marketable Securities : Premier Gold Mines Ltd. 400,000 shares @ $5.77 = $2,308,000
  2. Buildings, Equipment and Mill: $2,900,000
  3. Deferred Exploration Expenditures (Tax Loss ): $ 18,500,000 (allow 40%) = $7,400,000
  4. Cash: $6,000,000

Total: $ 18,608,000 or $ 0.177 perGRCshare – say $0.18 per share

The Proposed Offer: 0.16(X) premier shares +$0.0001 in cash for each “GRC” share.

Premierat $5.77 x .16(X)= “GRC”@ $ 0.92 - $0.18 (other assets above) = $0.74 per share value;

That’s $77,700,000 deemed valuefor Hardrock, Brookbank et al!

($0.74 per share value x 105,000,000 “GRC” issuedshares)

CHEAP! --- For the birds -Cheep! Cheep!

*Note: April 2011 independent research valuations on the Hardrock Gold Deposit indicated $173 million to $216 million for GRC’s 30% carried interest.

The “arrangement” is subject to among other things, the favourable vote of 66-2/3rds % of the votes cast by Goldstone shareholders.

** Brookbank Gold Deposit – 35 kilometer strike length – Underdeveloped

2009 NI 43-101: 698,200 oz. Au (Indicated & Inferred – 2g/t cut off)

  • Indicated: 1.5 million tonnes@8.0g/t containing 390,800 oz Au
  • Inferred: 1.8 million tonnes @ 5.3 g/t containing 307,400 oz Au
  • Total : 3.3 million tonnes @ 6.5 g/t containing 698,200 oz Au

GOLD: $1526.30 + $10.00

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