VANCOUVER, BRITISH COLUMBIA--(Marketwire - November 27, 2007) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY IT IS NOT INTENDED FOR DISTRIBUTION IN THE UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Silverstone Resources Corp. ("Silverstone") (TSX VENTURE: SST) is pleased to announce that it has closed its previously announced private placement of 17,250,000 common shares ("Common Shares") in the capital of Silverstone at a price of $2.90 per Common Share for aggregate gross proceeds to Silverstone of approximately $50.0 million (the "Offering"). Capstone Mining Corp. purchased 3,577,670 Common Shares sold under the Offering to maintain their 19.9% holding in Silverstone.

Scotia Capital Inc. acted as the lead underwriter on behalf of a syndicate of underwriters that included PI Financial Corp. (collectively, the "Underwriters"). As consideration for acting as underwriters, the Underwriters received a total cash commission of $2,378,985.42.

The Common Shares will be subject to resale restrictions until March 28, 2008.

Net proceeds from the offering will be used to repay debt and for general corporate purposes including potential acquisitions of silver production.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer or sale of securities in the United States.

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.

This press release contains "forward-looking information" that is based on Silverstone's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Silverstone's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Silverstone's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: projected sales or production rates; uncertainties related to drilling results; the ability to raise sufficient capital to fund exploration; changes in economic conditions or financial markets; changes in prices for costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labor relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Silverstone disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.


Meer info
Email: ctomanik@silverstonecorp.com
Website: www.silverstonecorp.com