GoldStone Resources Limited provided the assays from the first three holes of the Diamond Drilling (DD) programme, announced 30 August 2022. These holes are the first in a programme designed to probe the southward extension of the high-grade orebody exploited in the Akrokeri mine (Akrokeri Mine or Mine) down to a depth of around. 70 m vertical, and along initial strike distance of around 600 m. The drill programme is in line with the Company's strategy to advance additional high-priority gold targets towards production to augment current production from the company's Homase Open Pit Mine.

Highlights: Results for the three diamond drill-holes have returned very encouraging results, including: 22AKDD001: 6.5 metres @ 1.63g/t from 7.7 metres, including 3.5 metres @ 2.35g/t. 22AKDD002: 4.1metres @ 11.01g/t from 46 metres, including 1metre @ 41.04g/t. 22AKDD003: 3.6 metres @ 5.77g/t from 69.4 metres, including 1metre @ 12.06g/t. The drilling confirmed continuity of the mineralised zone at vertical depths of between 36 metres and 65 metres and extending a minimum of 180 m beyond the known southern limit of the mine. These results and the ongoing drill programme underpin GoldStone's focus on delineating near-surface resources that can be exploited in the near future. The drilling results shows mineralisation extends along strike, displays the vein widths and also demonstrates the extent of the former underground workings.

Mineralisation intersected in this drilling is consistent with projections of the drilling campaigns, previously started by Birim Gold Plc in 1996, and Pan African Resources Plc in 2007. The Company relogged the core from these former campaigns, announced 7 June 2018. The assaying of the core identified mineralised zones, which are basis for this current drilling campaign.

The first three-holes from the 1,500 metre diamond drill programme, totalling 268.1 metres, were designed to provide new information on the depth and strike-continuity of the mineralised zone at the former Akrokeri Mine previously exploited between 1905 and 1909. The steeply west-dipping mineralised zone occupies a major North-South-trending structural corridor 12 km north-north-east (NNE) of the multiple ore zones that comprise the Obuasi Mine, one of the world's largest gold mines with a combined historical and current production and resource base of >70 million ounces of gold. Two of the three holes were inclined at 55o and one at 75o respectively and intersected the mineralised zone at vertical depths between 37 m and 66 m beneath surface.

All three holes intersected significant widths of approximately 2.2 metres mineralisation, thus confirming the continuity of the zone along strike and with depth. The mineralised intercepts in the three DD holes are characterised by quartz and quartz carbonate veinlets. In the intervals reported with significant intercepts, much of the mineralisation is oxidized, transitioning through patchy weathering with low pyrite content and quartz being the dominate vein component.

22AKDD001intersected the old workings at vertical depths of around 18 metres and 59 metres. The shallower void was 2.7 metres wide, being along strike from the known workings of the Akrokeri Mine. Whilst it is disappointing that the former miners have mined this section of the mineral zone, it proves the extension of the mine workings along the first level that was previously recorded as being 100 feet vertical depth, approximately 30 metres below surface, noting that some 12m of ground has been worked and dugout since that time with over 100 years of artisanal mining on the Akrokeri Mine area.

The location of22AKDD001 is opposite theartisanal miners' trench that was announced 25 March 2022. The assays from the trench returned relatively high-grade central zone of 3 metres with an average grade of 45g/t, the location of the trench appears to correlate with the down-dip projection of the mineralised zone, which again unfortunately has been mined out by the former miners. 22AKDD002 and 22AKDD003intersected the mineralised zone at approximately 180 metres along strike from the known workings of the Akrokeri Mine.

The intersections can be correlated to an intercept within hole PAR007 which was drilled in 2007. Further intercepts encountered in this hole indicate the possibility of sub- parallel structures in addition to the main vein. The results from the first three holes drilled in 2022 provide significant encouragement to undertake additional drilling along the projected extension of the mineralised zone, as a detailed understanding of the controls of this zone at Akrokeri is critical to the planning of further exploration drilling.