Mr. Peter Hemstead reports

BLUESTONE STRENGTHENS BOARD OF DIRECTORS WITH NEW APPOINTMENT

Bluestone Resources Inc. has appointed Martino De Ciccio to the board of directors, effective Sept. 11, 2023.

Peter Hemstead, president and chief executive officer, commented: "We extend a warm welcome to Martino De Ciccio as he joins our already strong board of directors. His corporate finance and capital markets experience will be invaluable as we continue to advance the company's previously announced strategic review process."

Mr. De Ciccio has over 15 years of experience in strategy, capital markets and corporate finance, with a strong record of value creation. He joined Endeavour Mining in 2015 as vice-president, strategy and investor relations, and assumed the role of deputy chief financial officer and head of investor relations in January, 2023. He played a pivotal role in Endeavour's transformation from a small-market-cap to an FTSE100 company and one of the largest gold producers in the world, garnering over 25 investor relations achievement nominations, including repeatedly winning best across all sectors. Prior to joining Endeavour, Mr. De Ciccio played a key role in growing La Mancha Resources from a $20-million market cap, which culminated into a $500-million take-private offer. As strategy and business development manager, he then helped lead the private company's transformation from an emerging gold producer into one of the largest gold investment funds with cornerstone holdings in Evolution Mining and Endeavour, which was recognized with an Emerging Leader Award. Mr. De Ciccio earned a BCom in finance from McGill University and is a CFA charterholder.

Stock option grant

The company announces that it is granting as of Sept. 12, 2023, pursuant to its stock option plan, 200,000 stock options to Mr. De Ciccio in connection with his appointment, exercisable at a price of 30 cents per share for a five-year term.

About Bluestone Resources Inc.

Bluestone Resources is a Canadian-based precious metals exploration and development company focused on opportunities in Guatemala. The company's flagship asset is the Cerro Blanco gold project, a near-surface mine development project located in southern Guatemala in the department of Jutiapa. The company released the results of a feasibility study for the project, outlining an asset capable of producing over 300,000 ounces per year at head grades of 2.0-plus grams per tonne (g/t) gold. The project will produce 2.6 million ounces of gold over the life of mine at an all-in sustaining cost of $629 per oz (as defined per World Gold Council guidelines, less corporate general and administration costs) over an initial 14-year mine life. The company trades under the symbol BSR on the TSX Venture Exchange and BBSRF on the OTCQB.

We seek Safe Harbor.