VANCOUVER, BRITISH COLUMBIA--(Marketwire - September 28, 2007) - Silverstone Resources Corp. (TSX VENTURE: SST) ("Silverstone") is pleased to announce that it has closed its previously announced deal (June 6, 2007) with Lundin Mining to purchase all the silver production from Lundin Mining's Neves-Corvo and Aljustrel mines in Portugal for life of mine. Silverstone has purchased the silver for US$42.5 million in cash and issued 19,656,250 common shares (representing 19.1% of the outstanding shares) of Silverstone. The Silverstone common shares are subject to a 4 month hold period. In addition, Silverstone will make on-going per ounce payments at a price equal to the lesser of US$3.90 (subject to a 1% annual inflationary adjustment after three years and yearly thereafter), and the then prevailing market price per ounce of silver.

In order to fund the US$42.5 million cash payment, in addition to US$28 million cash on hand, Silverstone has drawn down US$25 million of bank debt from Scotia Capital Inc. Scotia Capital Inc. acted as financial advisor to Silverstone with respect to this transaction.

Capstone Mining Corp. ("Capstone") has also acquired control and direction over 8,000,000 common shares (representing 7.8% of the outstanding shares) of Silverstone. Capstone now has control and direction over a total of 20,464,053 common shares (representing 19.8% of the outstanding shares) of Silverstone. Capstone has special warrants to purchase an additional 2,747,428 common shares of Silverstone. If such warrants were exercised, Capstone would have control and direction over 21.9% of the outstanding shares of Silverstone.

Capstone acquired the shares in connection with the silver purchase transaction between Capstone and Silverstone and has filed an Early Warning Report with Canadian Securities Commissions in respect of the acquisition. Copies of the report may be obtained from SEDAR at www.sedar.com.

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.

The TSX Venture Exchange has neither approved or disapproved of the contents herein.

Contacts:
Silverstone Resources Corp.
Chris Tomanik
(604) 637-8151
(604) 688-2180 (FAX)
Email: ctomanik@silverstonecorp.com
Website: www.silverstonecorp.com