SRH Stone Resources Limited

VANCOUVER, Aug. 30, 2011 /CNW/ -- VANCOUVER, Aug. 30, 2011 /CNW/ - Stone Resources Limited (TSX-V: SRH), a company incorporated under the laws of Bermuda and listed on the TSX Venture Exchange ("Stone Resources" or the "Company") announced today that in light of ongoing political instability and armed conflict in Yemen, the Company has been forced to suspend its operations in Yemen. Stone has left a number of local staff in place to guard its offices and other assets. The Company's exploration and other activities in Yemen will be restored once Yemen's political situation becomes clear and public order returns. As a result, the Company has shifted its attention to exploration opportunities in other parts of the world, including entering into the previously announced agreement to acquire majority control of A1 Minerals Limited. The Company has booked an allowance of approximately US$670,000 for doubtful accounts in respect of its Yemeni operations for the six-month period ended June 30, 2011. This is not expected to have an impact on the ability of the Company to continue its operations going forward. On behalf of the Board, Xin Kelei Vice President About Stone Resources Limited Stone Resources Limited is a company incorporated in Bermuda and listed on the TSX Venture Exchange in Canada.  The Company is involved with mineral resources exploration and development.  Stone Resources plans to expand and develop its business using its effective team of experts in exploration, geology, metallurgy, mine engineering, law and finance. Cautionary Statement on Forward-Looking Statements The information in this document contains certain forward-looking statements with respect to activities of the Company, based on assumptions about future courses of action, including with respect to the Company's future activities in Yemen and the Company's future exploration and acquisition activities. Although management has a reasonable basis for the conclusions drawn, risk factors and uncertainties may cause actual results to differ materially from those currently anticipated in such statements. These risks and uncertainties relate to such factors as future stabilization of the Yemeni political and security climate, the ability of the Company to resume Yemeni operations in future and the ability of the Company to successfully conclude the acquisition of majority control of A1. In view of these uncertainties we caution readers not to place undue reliance on these forward-looking statements. Statements made in this document are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any statements made herein, except in accordance with applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/30/c7280.html p For additional information contact:br/ Xin Keleibr/ Vice-President and Corporate Secretarybr/ +1 (604) 303-9070 /p

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