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Silverstone Resources Corp

SYMBOL: .V.SST
Website: www.silverstonecorp.com

Corporate Contact Information
Phone: 604-637-8151
Toll Free: 866-684-8894
Email: info@silverstonecorp.com

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Company News (Apr 30, 2008) Silverstone Provides Q1 - 2008 Silver Sales ...Read More

Overview

Silverstone Resources Corp. is a growth-oriented silver mining company with 100% of its revenue from silver production. Silverstone�s integrated growth model of pursuing silver by-product streams and exploration projects is unique in the industry providing the growth opportunity of a silver royalty and an exploration company.

The company expects to have 2008 silver sales of greater than 2 million ounces of silver, increasing to more than 3 million ounces in 2009.

Silverstone�s sales are generated from its purchase of by-product streams from operating base metal mines. The company has a ten-year silver purchase contract with the Cozamin mine in Mexico, as well as life-of-mine agreements with Lundin Mining to buy 100% of payable silver from the Neves-Corvo and Aljustrel mines in Portugal.

The company has the right to purchase 12.5% of the life of mine of payable silver from Loma de la Plata zone from the Navidad project � Aquiline Resources Inc. with a minimum of one million ounces of silver per year and the right of first offer with respect to the sale of any additional future silver production streams by Aquiline.

The company earned a 90% interest in four silver-gold properties in Mexico, all past producing mines. It is aggressively exploring one of those projects, Copala, and plans to release a resource estimate by the end of the beginning of Q2 2008.

Silverstone continues to seek additional silver streams from base metal mines.

People

Darren Pylot
President & CEO, Director

Mr. Pylot has been the President and CEO of Silverstone Resources Corp since 2006 and in 1994 created Capstone Mining Corp. He serves as President and Chief Executive Officer for both companies, and has been responsible for bringing Capstone�s Cozamin base metal mine into production as well as negotiating and securing Silverstone�s silver by-product streams agreements. Silverstone�s business model of pursuing silver by-product streams and exploration projects are unique in the industry; and in less than 2 years Capstone has increased production at the Cozamin mine by 200%.

Mr. Pylot has over 17 years experience in the management, administration and financing of public companies focusing on the junior resource sector.

He has raised over C$200 million in equity financings in the past three years.

He is also a director of East Asia Minerals Corp. a well-financed, Asian-based Canadian mineral exploration company with uranium properties and advanced gold and gold-copper properties. East Asia recently sold one of its uranium projects for C$83 million, to date, the largest sale ever of a uranium property on the TSX Venture Exchange.

Hugh Willson, M.Sc, P.Geo
Vice President � Exploration, Director

Hugh Willson, Vice President - Exploration, is a professional geologist with a M.Sc. from the University of Toronto. His 30 years of hands-on experience as an exploration geologist throughout the Americas, has given him extensive skills in the management of all phases of exploration for base and precious metals. The companies for which Mr. Willson has worked include Hanna Mining, Getty Minerals, Newmont Mining, FMC Gold, Hecla Mining, Magma Copper and Cyprus Mining. He was part of the three-man team that identified the exploration target that became the Pe�on Mine in Chile. Mr. Willson supervises Silverstone�s exploration programs in Mexico.

Jason Howe, CA
CFO

Jason Howe is the Chief Financial Officer at Silverstone Resources Corp. Mr. Howe has spent the past 10 years in public practice, and spent 2000 - 2004 at PricewaterhouseCoopers based in Vancouver, BC.

Jack Marr, P.Geo
Director

Jack Marr, is a geologist with more than 30 years experience in the financing, administration and management of resource companies. Mr Marr spent more than 13 years of his career in various roles with Esso Minerals Canada. He was also the Regional Exploration Manager of Kennecott Canada Inc. He is currently a director and Vice-President of Exploration for Geodex Minerals Ltd., a Vancouver based mineral exploration company.

Tony Chan
Director

Mr. Chan has worked in the securities industry since 1983. He was a co-founder of Golden Capital Securities Ltd. (�Golden Capital�) in 1990 and retired from the firm in 2004. Mr. Chan helped build Golden Capital into a successful boutique firm encompassing retail, institutional and corporate finance activities. During his time as a principal of Golden Capital, Mr. Chan sat on the Board of Governors of the Vancouver Stock Exchange for two terms and was chairman of the membership committee.

Ken R. Thorsen, BSc, P.Eng
Director

Ken Thorsen has 35 years of experience in the exploration business having spent most of his career in various positions with Teck Cominco. He has extensive experience in the exploration of many commodities, including gold, silver, copper, lead and zinc. He has also been involved in exploration programs all over the world including Mexico, Canada, USA, Peru, Chile and Argentina.

Munir Ali
Director

Mr. Ali has represented the following companies in Agriculture commodities; Toepfer International, Asia pte Ltd., Glencore International, Trafigura Ltd., Saskatchewan Wheat Pool, Land o Lakes and Agrocorp International.

Sarah Kennedy
Corporate Secretary

Property

SILVER STREAMS

Cozamin Mine - Capstone Mining Corp

Cost: fixed at US$4.00 per ounce for the next 10 years
Annual production: 1.1 million ounces of annual payable silver in copper, zinc, and lead concentrates
Period: 10 years (2007-2017)

Neves-Corvo Mine - Lundin Mining

Cost: fixed of US$3.90 per ounce (subject to a 1% annual inflationary adjustment after three years and yearly thereafter)
Annual production: 0.5 million ounces of annual payable silver in copper concentrate
Additional silver will be added through a silver-lead concentrate from current zinc ore processing at the beginning of 2009 at the rate of 200,000 oz/year
Announced increase of zinc ore processing with increase silver production from zinc ores to 1 million ounces in 2011
Period: life of mine (+15 years) )

Aljustrel Mine - Lundin Mining

Cost: fixed of US$3.90 per ounce (subject to a 1% annual inflationary adjustment after three years and yearly thereafter)
Annual production: 1.2 million ounces of annual payable silver in 2009 in lead concentrates and growing
Period: life of mine (+10 years) )

Navidad Project � Aquiline Resources Inc. � Convertible Debenture

The right to purchase 12.5% of the life of mine of payable silver from Loma de la Plata zone with a minimum of one million ounces of silver per year or common shares of Aquiline at a conversion price of C$12.00 per common share.
Cost: fixed of US$4.00 per ounce of silver and the prevailing market price per ounce of silver on the London Metal Exchange at the time production is delivered.
Resources:
Indicated: 9.1 million tonnes at 225 g/t Ag & 0.09% Pb or 66 million contained silver ounces.
Inferred: 17.3 million tonnes at 159 g/t Ag & 0.11% Pb or 89 million contained silver ounces.
Right of first offer with respect to the sale of any additional future silver production streams by Aquiline. )

EXPLORATION PROJECTS

Silverstone earned a 90% interest in 4 advanced silver-gold in Mexico.

Earned a 90% interest in 4 advanced silver-gold projects in Mexico with over 75 million ounces of historic silver resources
US$5.0 million spent to date and still exploring: )

Copala

Claudia

Promontorio

Montoros

RESERVES AND RESOURCES

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Politics

INFORMATION NOT PROVIDED.

Paper

CURRENT PRICE $2.70
SHARES OUTSTANDING 121.9 million*
WARRANTS 10.7 million exercise @ $2.10
SPECIAL WARRANTS 2.7 million held by Capstone
OPTIONS 4.8 million avg. exercise @ $1.74
CASH $20 million
DEBT 0
MARKET CAP $330 million

*MAJOR SHAREHOLDERS � 38% OF ISSUED SHARES HELD BY:
CAPSTONE MINING OWNS 22% OF THE ISSUED SHARES
LUNDIN MINING OWNS 16% OF THE ISSUED SHARES