Silverstone Resources Corp. TSX-V:SST
Suite 401-750 West Pender St.
Vancouver, B.C. V6C 2T8
Tel: (604) 684-8894
Fax: (604) 688-2180

SILVERSTONE RESOURCES DECEMBER 31, 2007
FOUR MONTH STUB PERIOD RESULTS

March 31, 2008

Vancouver, B.C. - Silverstone Resources Corp. ("Silverstone") announces its financial results for the four month stub period ending December 31, 2007.  For the four months ended December 31, 2007, Silverstone recorded earnings of US$1.2 million or US$0.01 per share and operating cash flows of US$3.2 million or US$0.03 per share.

Overview and Highlights

• Net earnings of US$1.2 million or US$0.01 per share from the sale of 524,000 ounces of silver.

• Operating cash flows of US$3.2 million or US$0.03 per share.

• Cash at December 31, 2007 of US$34.4 million (August 31, 2007 - US$27.1 million) with no bank debt.

• On September 28, 2007 Silverstone completed the purchase of all of the silver production from Lundin Mining's Neves-Corvo and Aljustrel mines in Portugal for life of mine.

• On November 27, 2007 Silverstone completed a $50 million financing.  Proceeds from the offering were used to repay debt of US$25 million.

• Three year silver sales forecast below shows a 50% increase in 2009 and an additional 10% increase in 2010:

• 2008 - 2,155,000 oz's
• 2009 - 3,175,000 oz's
• 2010 - 3,500,000 oz's

• Subsequent to the period end, Silverstone agreed to purchase a CDN$17.5 million convertible debenture from Aquiline Resources Inc.  The debenture must be converted into, at the Company's option, either common shares of Aquiline at a conversion price of CDN$12.00 or a contract granting Silverstone the right to purchase 12.5% of the life of mine payable silver from the Loma de La Plata zone.

The information in this news release should be read in conjunction with the audited Consolidated Financial Statements and Management Discussion and Analysis for the four months ended December 31, 2007, which will be available at Silverstone's website at www.silverstonecorp.com and at www.sedar.com.

Silverstone will host a conference call on Tuesday April 1, 2008 at 8:30am PST (11:30am ET) to discuss these results.  The conference call may be accessed by dialing 1.866.365.1119 in North America or 1.416.849.7329 Internationally.  Please ask for the Silverstone Resources Corp. conference call.  The conference call will be archived for later playback until Tuesday, April 8, 2008 and can be accessed by dialing 1.866.501.5559 and the passcode is 21267352#.

ABOUT SILVERSTONE

Silverstone is a Canadian based public silver mining company with 100% of its revenue from silver production. More information is available online at: www.silverstonecorp.com.

For further information about the Company, please contact:
Chris Tomanik or Mark Patchett, Telephone: (604) 637-8151 / Facsimile: (604) 688-2180
Email: ctomanik@silverstonecorp.com or mpatchett@silverstonecorp.com