June 18, 2009 Redstone Resources Limited has entered into an option for a sale and joint venture agreement with private Canadian investment company MBAC Opportunities and Financing Inc. with respect to Redstone's Aneba Potash Project and Apui Phosphate Project, both located in the Amazon State in Brazil.
December 31, 2008 One day was spent on minor preliminary field work with reconnaissance rock sampling conducted over the upper part of the one of the two main phosphatic sequences in the project area. Six rock samples were collected from exposed highly weathered outcrop and one sample returned a value of 6.25% P205. This is a very encouraging result given the expected surface depletion of P205 in the wet Amazon environment. Logistics requirements (road and river) were also investigated and discussions were held with local contractors for the provision of exploration support services.
