TORONTO, ONTARIO - (May 15, 2009) - Goldstake Explorations Inc. ("Goldstake" or the "Company") (TSX:GXP)(FRANKFURT:GOO) is providing this bi-weekly Default Status Report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On March 31, 2009, the Company announced that there would be a short delay in filing its Annual Audited Financial Statements ("Annual Financial Statements"), Management Discussion & Analysis ("MD&A") and Annual Information Form ("AIF") for the Company's financial year ended December 31, 2008 (collectively, the "Annual Materials") within the 90 day period prescribed for the filing of the Annual Materials for reasons disclosed within that announcement.

In accordance with NP 12-203, and as previously announced, the Company applied to the applicable securities commissions and regulators for a Management Cease Trade Order related to the Company's common shares to be imposed against certain of the Company's executive officers. On April 8, 2009, the Ontario Securities Commission (the "OSC") issued a temporary Management Cease Trade Order which imposes restrictions on the Chief Executive Officer and the Chief Financial Officer of the Company with respect to trading in and acquiring securities of the Company for a period of fifteen days. On April 20, 2009, the OSC issued a Management Cease Trade Order which extends the restrictions imposed on the Chief Executive Officer and the Chief Financial Officer of the Company until two full business days after the Annual Materials and all other documents required to be filed have been filed.

If the Annual Materials are not filed by May 31, 2009, the applicable securities commissions or regulators may impose a general Cease Trade Order. A general Cease Trade Order may be imposed sooner if the Company fails to satisfy the provisions of the Alternative Information Guidelines required pursuant to NP 12-203 (the "Alternative Information Guidelines").

The Company is working with its auditors to complete the audit of the Company's Annual Financial Statements as soon as possible and anticipates filing the Annual Materials by May 29, 2009. Until its Annual Materials are filed, the Company intends to satisfy the Alternative Information Guidelines by issuing bi-weekly Default Status Reports, each of which will be issued in the form of a press release. The Company intends, if applicable, to issue its next Default Status Report on May 29, 2009.

The Company also announces that there will be a short delay in filing its interim financial statements and related management discussion & analysis for the Company's interim period ended March 31, 2009 (collectively, the "Interim Materials") within the 45 day period prescribed for the filing of the Interim Materials as required by National Instrument 51-102 Continuous Disclosure Obligations. The Company intends to file the Interim Materials as soon as practicable after it files the Annual Materials.

The Company reports that since its original announcement on March 31, 2009 (the "Notice") in respect of the delay in filing its Annual Materials, there have been no material changes to the information provided in the Notice other than as described herein nor any failure by the Company in fulfilling its stated intentions with respect to satisfying the Alternative Information Guidelines. In addition, there has not been any other specified default by the Company under NP 12-203, nor are any anticipated and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans and the Company's expectation with respect to the timing of completion of the Company's annual audit, the expected time for filing the Company's Annual Materials and Interim Materials, and the imposition of a cease trade order by applicable securities commissions or regulators. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

For more information, please contact

TORONTO, ONTARIO-(May 1, 2009) - Goldstake Explorations Inc. ("Goldstake" or the "Company"), Toronto Stock Exchange (Symbol GXP), Frankfurt Stock Exchange (Symbol GOO) (TSX:GXP)(FRANKFURT:GOO), is providing this bi-weekly Default Status Report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On March 31, 2009, the Company announced that there would be a short delay in filing its Annual Audited Financial Statements ("Annual Financial Statements"), Management Discussion & Analysis ("MD&A") and Annual Information Form ("AIF") for the Company's financial year ended December 31, 2008 (collectively, the "Annual Materials") within the 90 day period prescribed for the filing of the Annual Materials for reasons disclosed within that announcement.

In accordance with NP 12-203, and as previously announced, the Company applied to the applicable securities commissions and regulators for a Management Cease Trade Order related to the Company's common shares to be imposed against certain of the Company's executive officers. On April 8, 2009, the Ontario Securities Commission (the "OSC") issued a temporary Management Cease Trade Order which imposes restrictions on the Chief Executive Officer and the Chief Financial Officer of the Company with respect to trading in and acquiring securities of the Company for a period of fifteen days. On April 20, 2009, the OSC issued a Management Cease Trade Order which extends the restrictions imposed on the Chief Executive Officer and the Chief Financial Officer of the Company until the Annual Materials are filed.

If the Annual Materials are not filed by May 31, 2009, the applicable securities commissions or regulators may impose a general Cease Trade Order. A general Cease Trade Order may be imposed sooner if the Company fails to satisfy the provisions of the Alternative Information Guidelines required pursuant to NP 12-203 (the "Alternative Information Guidelines").

The Company is working with its auditors to complete the audit of the Company's Annual Financial Statements as soon as possible and anticipates filing the Annual Materials by May 29, 2009. Until its Annual Materials are filed, the Company intends to satisfy the Alternative Information Guidelines by issuing bi-weekly Default Status Reports, each of which will be issued in the form of a press release. The Company intends, if applicable, to issue its next Default Status Report on May 15, 2009.

The Company reports that since its original announcement on March 31, 2009 (the "Notice") in respect of the delay in filing its Annual Materials, there have been no material changes to the information provided in the Notice other than as described herein nor any failure by the Company in fulfilling its stated intentions with respect to satisfying the Alternative Information Guidelines. In addition, there has not been any other specified default by the Company under NP 12-203, nor are any anticipated and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

Goldstake Obtains Extension of Clay Property

Transpacific Resources Inc., ("TRNP") has granted an extension of one (1) year until December 31, 2010 to the Company to complete the balance of the Company's expenditure requirement of $1,000,000 for an additional 15% interest in the Clay property at Virginiatown, Ontario.

In consideration of TRNP granting this extension, the Company will pay $75,000 in cash or equivalent in the Company's common shares to TRNP, the issue of common shares being subject to regulatory approval.

The Company has earned a 60% interest in the Clay property since 2003 based on expenditures by the Company of $1,780,000 ($375,000 of which was in the form of common shares of the Company issued to TRNP in 2003 and 2005).

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans and the Company's expectation with respect to the timing of completion of the Company's annual audit, the expected time for filing the Company's annual audited financial statements, related MD&A and the AIF and the imposition of a cease trade order by applicable securities commissions or regulators. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

CONTACT INFORMATION:

Goldstake Explorations Inc.

Robert Cleaver

(416) 201-9223

Email: rcleaver@goldstake.com

or

Goldstake Explorations Inc.

Charles McAlpine

(416) 801-4221

TORONTO, ONTARIO-(April 17, 2009) - Goldstake Explorations Inc. ("Goldstake" or the "Company") (TSX:GXP)(FRANKFURT:GOO), is providing this bi-weekly Default Status Report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). On March 31, 2009 the Company announced that there would be a short delay in filing its Annual Audited Financial Statements ("Annual Financial Statements"), Management Discussion & Analysis ("MD&A") and Annual Information Form ("AIF") for the Company's financial year ended December 31, 2008 (collectively, the "Annual Materials") within the 90 day period prescribed for the filing of the Annual Materials for reasons disclosed within that announcement.

In accordance with NP 12-203, and as previously announced, the Company has applied to the applicable securities commissions and regulators for a Management Cease Trade Order related to the Company's common shares to be imposed against certain of the Company's executive officers. Such an order does not generally affect the ability of persons who have not been directors, officers or insiders of the Company to trade the securities of the Company. If the Annual Materials are not filed by May 31, 2009, the applicable securities commissions or regulators may impose a general Cease Trade Order. A general Cease Trade Order may be imposed sooner if the Company fails to satisfy the provisions of the Alternative Information Guidelines required pursuant to NP 12-203 (the "Alternative Information Guidelines").

The Company is working with its auditors to complete the audit of the Company's Annual Financial Statements as soon as possible and anticipates filing the Annual Materials by May 29, 2009. Until its Annual Materials are filed, the Company intends to satisfy the Alternative Information Guidelines by issuing bi-weekly Default Status Reports, each of which will be issued in the form of a press release. The Company intends, if applicable, to issue its next Default Status Report on May 1, 2009.

The Company reports that since its original announcement on March 31, 2009 (the "Notice") in respect of the delay in filing its Annual Materials, there have been no material changes to the information provided in the Notice other than as described herein nor any failure by the Company in fulfilling its stated intentions with respect to satisfying the Alternative Information Guidelines. In addition, there has not been any other specified default by the Company under NP 12-203, nor are any anticipated and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans and the Company's expectation with respect to the timing of completion of the Company's annual audit, the expected time for filing the Company's annual audited financial statements, related MD&A and the AIF and the imposition of a cease trade order by applicable securities commissions or regulators. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

CONTACT INFORMATION:

Goldstake Explorations Inc.
Robert Cleaver
(416) 201-9223
Email: rcleaver@goldstake.com

or

Goldstake Explorations Inc.
Charles McAlpine
(416) 801-4221

TORONTO, ONTARIO-(March 31, 2009) - Goldstake Explorations Inc. ("Goldstake" or the "Company"), (TSX:GXP)(FRANKFURT:GOO), announces that there will be a short delay in filing its Annual Audited Financial Statements, Management Discussion & Analysis ("MD&A") and Annual Information Form ("AIF") for the Company's financial year ended 31 December 2008, as required by National Instrument 51-102 Continuous Disclosure Obligations, and the CEO and CFO certificates required under National Instrument 52-109 (the "Certificates").

The delay has arisen due to the following reasons:

The Company's Australian division was delayed in finalizing its accounting records and forwarding them to the Company's Canadian auditors due to the involvement of a third party accounting firm. Due to this added layer of complexity, the auditors require additional time to complete their audit of this division, which must be reflected in the Company's consolidated audited financial statements as at and for the year ended December 31, 2008. Several tax issues also need to be resolved with the assistance of the auditors to reflect any potential liabilities to the Company, which will also need to be reflected in the Company's consolidated audited financial statements.

The Company will apply to the applicable securities commissions or regulators for a management cease trade order related to the Company's common shares to be imposed against some or all of the persons who have been directors, officers or insiders of the Company instead of a cease trade order being imposed against all securities of the Company. Such an order would not generally affect the ability of persons who have not been directors, officers or insiders of the Company to trade the securities of the Company. If the annual audited financial statements, related MD&A, the AIF and Certificates are not filed by May 31, 2009, the applicable securities commissions or regulators may impose a cease trade order. A cease trade order may be imposed sooner if the Company fails to satisfy the provisions of the Alternative Information Guidelines required pursuant to National Policy 12-203 Cease trade Orders for Continuous Disclosure Defaults (the "Alternative Information Guidelines").

The Company is working with its auditors to complete the audit of the Company's financial statements for the year ended 31 December 2008 as soon as possible and anticipates filing such financial statements and related MD&A and AIF by May 29, 2009. Until its annual financial statements and related MD&A and AIF are filed, the Company intends to satisfy the Alternative Information Guidelines, including the issuance of bi-weekly default status reports, each of which will be issued in the form of a press release.

The Company is not subject to any insolvency proceeding and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company's objectives, goals or future plans and the Company's expectation with respect to applying the applicable Securities commissions or regulators for a management cease trade order, the timing of completion of the Company's annual audit, the expected time for filing the Company's annual audited financial statements, related MD&A, the AIF and the Certificates, and the imposition of a cease trade order by applicable securities commissions or regulators. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

CONTACT INFORMATION:

Goldstake Explorations Inc.
Robert Cleaver
(416) 201-9223
Email: rcleaver@goldstake.com

or

Goldstake Explorations Inc.
Goldstake Office
(905) 829-3393

or

Goldstake Explorations Inc.
Robert Dillman
(519) 264-9278

or

Goldstake Explorations Inc.
Charles McAlpine
(416) 801-4221

Hedge Fund Investors Turn To Gold In Bet Against Central Banks

By Henny Sender in New York and Javier Blas in London

Published: March 9 2009 02:00 | Last updated: March 9 2009 02:00

Hedge fund investors who made money last year by betting against investment banks are buying gold as a way of betting against central banks.

The gold bulls include David Einhorn, founder of hedge fund Greenlight Capital, who last year came under the spotlight for his short selling of shares in Lehman after arguing that the bank did not have enough capital to offset its exposure to falling property prices.

Other funds looking at gold include Eton Park and TPG-Axon, investors said.

Their belief in bullion is being expressed even as gold prices have retreated from last month's break above the $1,000 an ounce level. Spot gold in London closed on Friday at $939.10, after falling last week to $900.95 an ounce.

Investors such as Mr Einhorn are turning to gold because they are worried about the response of the US Federal Reserve and other central banks to the economic crisis. A bet on gold is a bet against paper currencies.

"The size of the Fed's balance sheet is exploding and the currency is being debased. Our guess is that if the chairman of the Fed is determined to debase the currency, he will succeed," Mr Einhorn wrote to investors.

"Our instinct is that gold will do well either way: deflation will lead to further steps to debase the currency, while inflation speaks for itself."

Mr Einhorn's comments - and the revelation that he is buying gold - are in line with the views held by other institutional investors in Europe, according to bankers in London.

The head of commodity sales at one bullion bank told the Financial Times that he had never been so busy dealing in gold for large investors.

Goldman Sachs, Morgan Stanley and UBSforecast that the gold price would rise above $1,000 this year.

Peter Munk, chairman of Barrick Gold, the largest bullion miner, told investors last week that all countries had embarked on policies that would favour gold.

"The only option to governments is to print and print more money," he said. "That will end in tears."

Hedge funds had avoided gold because it does not produce yield and costs money to store and insure. But that has become less important as central banks have pushed interest rates to nearly zero, reducing the yields on currencies.

"Basic Facts about Gold"-Jim Anthony-Chairman-Seabridge Gold
Friday, 27th February 2009

There are about 5 billion ounces of above ground gold supply worth about USD 5 trillion at current prices. Less than 5% trades annually. The above ground gold supply is growing at about 1.5% annually, the 300 year average.

New gold supply is price inelastic. If you double the gold price, production will fall as miners extend precious mine life by processing lower grades through fixed rate capacity. Building new capacity is the work of decades. Re-opening old mines is difficult and expensive and there are few worthwhile opportunities which have not been exploited. Meanwhile, discovery rates are declining, discovery costs are rising, mines are depleting and production is falling at about 5% per year. The world's best gold deposits have been found and mined.

Gold's highest and best use is in a vault as a store of value. It is not a commodity. Jewelry 'consumption' of gold is a traditional store of value. The industrial/medical uses of gold are diminimus. If gold had important other uses, there would be less of it and the price would be lower because it would be valued as a commodity subject to substitution effects. No other substance has the unique properties and a supply sufficient to act as an ultimate store of value which is why gold has had this role for at least 6000 years.

Gold is therefore a financial asset in physical form and sometimes a currency. It goes up in price when confidence in other financial assets [stocks, bonds] is falling and falls when confidence in these alternatives is rising.

Other financial assets have the advantages of convenience and income. Gold's advantage is that it is final settlement anywhere in the world. Gold backs itself whereas other currencies and financial assets merely represent, and depend upon, the countries and companies which issue them and stand behind them. Gold is a currency without a country or central bank...there is no issuer to inflate supply or default on its obligations.

There are approximately USD 140 trillion in other financial assets world-wide so the current value of above ground gold is about 4% of this total. In 1980, when inflation weakened confidence in stocks and bonds, the ratio was greater than 25%. It currently requires about 8 ounces of gold to buy the Dow, down from 44 in 1999. In 1980, the ratio reached 1 to 1.

Gold has no P/E or other standard valuation metric. Its price can go where the market decides. How much will the owners of USD 140 trillion in financial assets pay to protect themselves from deflation, inflation or default?

James S. Anthony

Sprott Says U.S. Depression Will Boost Gold Price

Feb. 3 (Bloomberg) -- Eric Sprott, the Canadian money manager who last year predicted banking stocks would collapse, said the U.S. is at the beginning of an economic depression that will help gold prices more than double.

Bullion may top $2,000 an ounce in coming years amid a series of financial catastrophes, the chairman and founder of Toronto-based Sprott Asset Management Inc. said yesterday in an interview. Banks will battle to replenish capital, Treasury auctions stand the risk of failing and the moribund economy will create a dire operating outlook for many companies, he said.

“The trend is down, and there’s not one signpost that says it’s changing yet,” Sprott said yesterday from Toronto. “We’ll stand by to wait to see those, and until it does, you have to assume it gets worse.”

Sprott, who manages $4.5 billion, said in March that the world was in a “systemic financial meltdown,” a call that presaged the collapse of financial institutions including Bear Stearns & Co. and Lehman Brothers Holdings Inc. Since then, the U.S. has entered the worst economic slowdown since the Great Depression, credit markets have tightened and asset prices have dropped as companies and funds sell portfolios to raise cash.

The 81-company Standard & Poor’s 500 Financials Index has dropped 62 percent since Sprott said on March 6 he was buying bullion and gold-producers’ shares, while shorting financial- sector stocks. Gold slipped 6.3 percent during the same period.

So-called short-selling allows speculators to profit from a stock’s decline by borrowing shares, selling them to raise cash and buying them later when the price drops to repay the debt.

Sprott Funds

Sprott Hedge Fund LP posted a one-year return of 9.9 percent, while Sprott Hedge Fund LP II rose 18 percent in the period, according to data posted on the company’s Web site. The Sprott Canadian Equity Fund dropped 37 percent.

Sprott now favors buying more gold stocks and bullion while selling the entire equity market short. Most at risk in the current climate are banks, discretionary consumer stocks and any companies needing to refinance debt, he said.

Sprott believes there is a chance that a U.S. Treasury auction will fail as countries use their resources to quell financial turmoil in their home markets, leaving less to help finance the world’s largest economy. That outcome will have a “catastrophic” impact, he said.

“When do people stop buying the credit of the country? That’s a tough question to answer, but it’s on a lot of people’s lips right now,” he said. “Each country has their own financial problem, so there’s no funding for anything external.”

Gold Investors

Such concerns have driven investors to the gold market, propelling the metal higher as other commodities have slumped and helping gold-producers’stocks almost double in the past three months.

Greenlight Capital Inc., a $5.1 billion New York-based hedge fund, has invested in gold for the first time, while Federated Investors Inc.’s $1.3 billion Federated Market Opportunity Fund, which outperformed 99 percent of rivals last year, now countsYamana Gold Inc. and Goldcorp Inc. among its largest investments.

Gold companies such as Newmont Mining Corp. and Kinross Gold Corp. have taken the opportunity to issue stock to bolster their own balance sheets.

Barrick Gold Corp. Chairman Peter Munk said last week he has been inundated with calls from wealthy investors seeking to buy gold to protect their capital.

“The window to raise money for gold stocks has blown open,” Sprott said. “The investing public has started to go to that one thing that they think it’s safe to invest in.”

Dear Investors,

Gold futures surged Friday, briefly topping $800 an ounce for the first time in more than a month, as wary investors returned to the safety of the precious metal. Gold for December delivery rallied $43.10, or 5.8%, to end at $791.80 an ounce on the Comex division of the New York Mercantile Exchange. It jumped 7.1% to $801.90 earlier, rising to above $800 for the first time since Oct. 16. The benchmark contract ended the week up 6.6%, the biggest weekly percentage gain since the week ended Sept. 19.

Click here to view the AGORACOM Blog.

Regards,
AGORACOM Investor Relations

Dear Investors,

Last night at the AGORACOM sponsored Roth China/Vegas Conference, keynote presenter Jim Rogers stated that “Gold will hit its inflation adjusted high of $2200.”

George Tsiolis, President of AGORACOM was in attendance at this exclusive event and reported on the Jim Rogers speech live via his cell phone to his twitter account. For a recap of Jim Rogers’ speech, follow the following link to George’s twitter account and/or his blog.

Follow George’s Twitter

George’s Blog

AGORACOM remains very bullish on Gold, as outlined within George’s extensive “Gold $1,000” blog entries.

Regards,

AGORACOM

TORONTO, ONTARIO-( Nov. 19, 2008) - Goldstake Explorations Inc. (TSX:GXP)(FRANKFURT:GOO) is pleased to announce that the company has officially earned a 60% interest in the Clay Property from Transpacific Resources Inc. Goldstake earned the majority interest in the Clay Property after incurring exploration expenditures to-date of $1.8 million. Exploration on the property by Goldstake is part of an option agreement with Transpacific allowing Goldstake to earn a 75% interest in the Clay Property by spending a total of $2.5 million on exploration on the Clay Property before December 31, 2009.

The Clay Property (formerly: McGarry Property) covers a contiguous area of 2,637 hectares in the Larder Lake section of the prolific Larder - Cadillac Break in the Abitibi Greenstone Belt. The property is situated 3 kilometres north of the historic Kerr-Addison Mine which produced 11 million ounces of gold, and 3 kilometres northeast of the current gold-producer: Armistice Mine. The best gold intersection on the Clay property was from a Goldstake diamond drill program in 2004 and assayed 1 ounce (33 grams) of gold over a core width of 28.5 feet (8.5 metres).

The Clay Property hosts six areas of gold and gold-copper-silver mineralization. Most exploration by Goldstake has focused on the Instant Pond Zone which was recently tested by a 10 hole - 2,200 metre drill program. All the holes drilled during the recent program intersected multiple zones of gold mineralization assaying +0.2 grams per tonne (g/t) gold to 157.0 g/t gold (4.58 ounces per tonne), up to 1% copper and 15.3 g/t silver in 97 separate drill core intervals ranging up to 2 metres wide. The multiple zones of gold mineralization were intersected in a 350 metre long northeast trending corridor ranging up to 150 metres wide the extent of which is open in all directions. Visible gold was observed in 40% of the holes. The true width of these intersections has not been calculated.

In addition to gold mineralization, significant quantities of kimberlite indicator minerals have also been found on the Clay Property. The kimberlite minerals, consisting of pyrope and eclogite garnet, chrome diopside, picroilmenite, chromite and fosterite olivine, have been detected in glacial till and stream gravels in concentrations of +100 mineral grains per sample. Electron microprobe analyses performed on the kimberlite minerals have revealed chemistries overlapping those associated with typical kimberlite diamond sources. Ground magnetometer surveys by Goldstake have outlined 18 magnetic features resembling kimberlite pipes and dikes and will test the diamond potential of the geophysical features by future drill programs planned in 2009.

Diamonds occurrences have reportedly been discovered on the property during previous exploration programs in 1985 and 1996.

Goldstake Explorations Inc. is a Canadian exploration and development company with gold, base metal, uranium and diamond projects in Canada, The USA and Australia. The Clay Property is one of two properties Goldstake has in the Kirkland Lake-Larder Lake section of the Abitibi greenstone belt.

This press release was prepared or reviewed by geologist Mr. Robert J. Dillman, P. Geo, acting qualified person for Goldstake as defined by National Instrument 43-101.

For further information on any of Goldstake's mineral properties, corporate structure and corporate vision please contact:

Robert Cleaver 416-201-9223
Goldstake Office 905-829-3393
Robert Dillman 519-264-9278
Charles McAlpine 416-801-4221

Email: rcleaver@goldstake.com

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.

CONTACT INFORMATION:

Goldstake Explorations Inc.
Robert Cleaver
(416) 201-9223
Email: rcleaver@goldstake.com

or

Goldstake Explorations Inc.
Goldstake Office
(905) 829-3393

or

Goldstake Explorations Inc.
Robert Dillman
(519) 264-9278

or

Goldstake Explorations Inc.
Charles McAlpine
(416) 801-4221

TORONTO, ONTARIO-(Oct. 21, 2008) - Goldstake Explorations Inc. (TSX:GXP)(FRANKFURT:GOO) has received additional gold assay results on its Instant Pond Gold-Copper-Silver Zone on the Clay Property, Northeastern Ontario. One of two intervals of drill core containing visible gold in drill hole IP-08-11 assayed 18.62 g/t gold or 0.543 ounces per ton across 0.47 metres and is part of a gold-bearing section averaging 17.0 g/t gold across 1.95 metres. A separate interval containing visible gold situated lower in hole IP-08-11 assayed 16.25 g/t gold or 0.474 ounces per ton across 0.25 metres. The two separate intervals containing native gold are part of 13 intervals of gold mineralization intersected by hole IP-08-11 which tested the northeast section of the Instant Pond Zone during a 10 hole drill program totaling 2,200 metres completed in May, 2008. The assays were preformed by SGS Lakefield Research Limited and Swastika Laboratories Ltd.

The Instant Pond Zone has been drilled for a length of 350 metres and tested to a vertical depth of 180 metres by 10 parallel holes spaced 50 and 100 metres apart. All the holes drilled during the recent program intersected multiple zones of gold mineralization in a northeast trending corridor ranging up to 150 metres wide which crosses three different rock units. A total of 97 core intervals measuring up to 2 metres long assayed between +0.2 g/t gold to 157.0 g/t gold or 4.58 ounces per ton gold, up to 1% copper and 15.3 g/t silver. Visible gold was observed in 40% of the holes.

The Instant Pond Gold-Copper-Silver Zone is one of six areas of gold mineralization contained on the Clay Property located in the Larder Lake section of the prolific alteration-deformation zone known as the Larder - Cadillac Break. The property is situated 3 kilometres north of the historic Kerr-Addison Mine which produced 11 million ounces of gold and 3 kilometres northeast of the gold-producing Armistice Mine.

The recent drill program is part of a $2.5 million exploration project on the Clay Property allowing Goldstake to earn a 75% interest in the Clay Property from Transpacific Resources Inc. before December 31, 2009.

Goldstake Explorations Inc. is a Canadian exploration and development company with gold, base metal, uranium and diamond projects in Canada, The USA and Australia. The Clay Property is one of two properties Goldstake has in the Kirkland Lake-Larder Lake section of the Abitibi greenstone belt.

This press release was prepared by geologist Mr. Robert J. Dillman, P. Geo, acting qualified person for Goldstake as defined by National Instrument 43-101.

For further information on any of Goldstake's mineral properties, corporate structure and corporate vision please contact:

Robert Cleaver 416-201-9223
Goldstake Office 905-829-3393
Robert Dillman 519-264-9278
Email: rcleaver@goldstake.com

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.

CONTACT INFORMATION:

Goldstake Explorations Inc.
Robert Cleaver
(416) 201-9223
Email: rcleaver@goldstake.com

or

Goldstake Explorations Inc.
Goldstake Office
(905) 829-3393

or

Goldstake Explorations Inc.
Robert Dillman
(519) 264-9278

or

AGORACOM
Investor Relations
Email: GXP@Agoracom.com
Website: www.agoracom.com/ir/goldstake

Dear Shareholders,

In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically the supply demand fundamentals of gold bullion, please see the latest AGORACOM Blog entry titled, "Bloomberg - Gold May Hit $950 As Central Banks and Miners Hold Back Sales."

Gold is up $64 to $844 as of 12:15 PM EST. I could end this post here and that one sentence could be the entire story.

However, like a good infomercial, “there is more!”. Specifically, Bloomberg is running a story that gold may hit $950 by the end of the year “as central banks and miners hold back sales and investors buy the metal as a haven against falling stock prices.”

The good news for gold bugs is that a $950 price isn’t tethered to simply a shaky stock market. Otherwise, a market turnaround on its own could quell the gold rush.

Rather, London-based researcher GFMS Ltd. states that Central Bank sales will drop 46 percent in 2008, while mine supply will decline for a third year. Specifically, with respect to mine supply, global mine production will drop 2.3 percent this year to 2,422 tons, the lowest since 1996 That is going to put great pressure on an already string tight supply issue.

Moreover, GFMS believes demand from investors worldwide will soar 38 percent to 778 metric tons, with purchases in east Asia more than doubling.

GRANDICH HITS THE NAIL ON THE HEAD AGAIN

If I didn know any better, I would think that Peter Grandich single-handedly sets the price of gold. For about the zillionth time over the last 3 years, Grandich once again pegged an overextended gold price (oversold or overbought) when he made this statement just 5days ago in his newsletter:

“I have just recorded the single most oversold condition for Gold since the great
bull market began at the start of this decade”

After a brief hiatus, it looks like gold is back and possibly stronger than ever.

Regards,
AGORACOM

The Instant Pond Zone was tested for a length of 350 metres and to a vertical depth of 180 metres by parallel holes drilled up to 320 metres in length at dip-angles of 45 degrees on sites spaced 50 and 100 metres apart. 97 different gold-bearing intervals of core measuring up to 2 metres long assayed between +0.2 to 157.0 g/t or 4.58 ounces gold per ton, up to 1% copper and up to 15.3 g/t silver. All 10 drill holes intersected multiple gold-bearing intervals containing variable amounts of pyrite and chalcopyrite mineralization and stringers rich in epidote, chlorite and quartz-calcite.

The first two holes of the program were drilled consecutively across the central section of the Instant Pond Zone in the vicinity of a trench containing visible gold. Together the holes intersected 29 intervals of gold mineralization over an area measuring 155 metres wide. Hole IP-08-01 encountered visible gold and chalcopyrite mineralization assaying 7.2 g/t gold, 0.25% copper and 2.4 g/t silver across 0.26 metres at a vertical depth of 59 metres directly under the trench with native gold. The mineralization was part of a broader section averaging 1.0 g/t gold across 4.5 metres. Hole IP-08-11, drilled at a site 100 metres northeast from the trench intersected 13 intervals of gold mineralization including 2 sections with visible gold assaying 17.0 g/t gold across 1.95 metres and 8.81 g/t gold across 0.25 metres. A third interval in the hole averaged 0.56 g/t gold over 15.4 metres. Two of 4 holes drilled in the southwest section of the Instant Pond Zone intersected visible gold in the vicinity to high-grade gold mineralization discovered by drilling in 2005. Visible gold mineralization observed in hole IP-08-03 assayed 81.0 g/t or 2.37 ounces gold per ton across 0.65 metres and is part of a wider interval averaging 8.9 g/t gold across 10.5 metres. Visible gold mineralization assaying 66.64 g/t or 1.95 ounces gold per ton across 0.16 metres occurred in a 7.5 metre wide interval averaging 0.56 g/t in hole IP-08-04.

The visible gold intersections are part of a corridor of high-grade gold mineralization extending through the central part of the Instant Pond Zone. The extent of the gold mineralization has yet to be determined and results of the drill program open the potential to extend the mineralization in all directions.

The recent drill program is part of a $2.5 million exploration project on the Clay Property allowing Goldstake to earn a 75% interest in the Clay Property from Transpacific Resources Inc. before December 31, 2009. Goldstake has recently changed the name of the project to the "Clay Property" in memory of the late Mr. Michael Clay, former president of Transpacific Resources Inc.

Assays quoted have been preformed by SGS Lakefield Research Limited and Swastika Laboratories Ltd.

Goldstake Explorations Inc. is a Canadian exploration and development company with gold, base metal, uranium and diamond projects in Canada, The USA and Australia. The Clay Property is one of two properties Goldstake has in the Kirkland Lake-Larder Lake section of the Abitibi greenstone belt.

This press release was prepared by geologist Mr. Robert J. Dillman, P. Geo, acting qualified person for Goldstake as defined by National Instrument 43-101.

For further information on any of Goldstake's mineral properties, corporate structure and corporate vision please contact:

Robert Cleaver 416-201-9223
Goldstake Office 905-829-3393
Robert Dillman 519-264-9278
Email: rcleaver@goldstake.com

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.

CONTACT INFORMATION:

Goldstake Explorations Inc.
Robert Cleaver
(416) 201-9223
Email: rcleaver@goldstake.com

or

Goldstake Explorations Inc.
Goldstake Office
(905) 829-3393

or

Goldstake Explorations Inc.
Robert Dillman
(519) 264-9278

Gross proceeds of $340,000 were received in consideration of the issuance of 4,533,333 Units at a price of $0.075 per Unit. Each Unit consists of one common share and one common share purchase warrant (each, a "Unit Warrant") of the Company. Each Unit Warrant entitles the holder to purchase one common share of the Company at a price of $0.09 until June 26, 2010.

Gross proceeds of $25,000 were received in consideration of the issuance of 333,333 Flow-Through Units at a price of $0.075 per Flow-Through Unit. Each Flow-Through Unit consists of one common share and one common share purchase warrant (each, an "FT Warrant") of the Company, each issued on a "flow-through" basis. Each FT Warrant entitles the holder to purchase one common share of the Company on a "flow-through" basis at a price of $0.09 until June 26, 2010.

The securities issued pursuant to the financing are subject to a four-month hold period expiring on October 27, 2008.

The flow-through proceeds of the private placement will be used to fund exploration of gold, copper, diamond, zinc and uranium prospects on the Corporation's McGarry Township, McVittie Township and Bancroft properties in Ontario, and the non-flow-through proceeds will be used for general corporate purposes.

Goldstake Explorations Inc. is a Canadian exploration and development company with gold, base metal, uranium and diamond projects in Canada, The USA and Australia. The Clay Property is one of two properties Goldstake has in the Kirkland Lake-Larder Lake section of the Abitibi greenstone belt.

Investors are invited to visit the Goldstake IR Hub at http://www.agoracom.com/ir/goldstake where they can post questions and receive answers or review messages already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to GXP@agoracom.com where they can also request to be added to the investor e-mail list in order to receive all future press releases and updates in real time.

For further information on any of Goldstake's mineral properties, corporate structure and corporate vision please contact:

Robert Cleaver 416-201-9223
Goldstake Office 905-829-3393
Robert Dillman 519-264-9278
Email: rcleaver@goldstake.com

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.

CONTACT INFORMATION:

Goldstake Explorations Inc.
Robert Cleaver
(416) 201-9223
Email: rcleaver@goldstake.com

or

Goldstake Explorations Inc.
Goldstake Office
(905) 829-3393

or

Goldstake Explorations Inc.
Robert Dillman
(519) 264-9278

TORONTO, ONTARIO-(June 24, 2008) - Goldstake Explorations Inc. ("Goldstake" or the "Company")(TSX:GXP)(FRANKFURT:GOO), is pleased to announce that it has completed a non-brokered private placement financing of flow-through units of the Company (each, a "Flow-Through Unit").

Gross proceeds of $475,000 were received in consideration of the issuance of 6,333,333 Flow-Through Units at a price of $0.075 per unit. Each Flow-Through Unit consists of one common share and one common share purchase warrant of the Company, each issued on a "flow-through" basis. Each warrant entitles the holder to purchase one common share of the Company on a "flow-through" basis at a price of $0.09 until June 23, 2010. The securities issued pursuant to the financing are subject to a four-month hold period expiring on October 24, 2008.

Proceeds of the private placement will be used to fund exploration of gold, copper, diamond, zinc and uranium prospects on the Corporation's McGarry Township, McVittie Township and Bancroft properties in Ontario.

Goldstake Explorations Inc. is a Canadian exploration and development company with gold, base metal, uranium and diamond projects in Canada, The USA and Australia. The Clay Property is one of two properties Goldstake has in the Kirkland Lake-Larder Lake section of the Abitibi greenstone belt.

Investors are invited to visit the Goldstake IR Hub at http://www.agoracom.com/ir/goldstake where they can post questions and receive answers or review messages already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to GXP@agoracom.com where they can also request to be added to the investor e-mail list in order to receive all future press releases and updates in real time.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.

For more information, please contact

Goldstake Explorations Inc.
Robert Cleaver
(416) 201-9223
Email: rcleaver@goldstake.com

or

Goldstake Explorations Inc.
Goldstake Office
(905) 829-3393

or

Goldstake Explorations Inc.
Robert Dillman
(519) 264-9278

In our ongoing efforts to provide market information and/or commentary, we are pleased to provide you, with Industry Sector Bulletins discussing current market opinions and/or conditions that affect the price, use and supply & demand of Gold.

What Price Gold At $1 200 In The Near Future?

Twenty-eight years ago, driven by a frenzy of buying activity, the price of gold, very briefly, hit $850.

It was a time when Russia invaded Afghanistan, US inflation peaked at 23%, Bin Laden was created and Al Quaeda started its inexorable rise to power in the western world.

Gold didn’t hold those dizzy heights for long, as the buying avalanche that drove it up was just that; a frenzy so heated that it was unsustainable – as those who visited their dentists to remove and sell their gold fillings, along with those who rushed to dispose of their Krugerrands, manifestly affirmed.

Reflection on those heady days goes beyond mere nostalgia, for the situation that then prevailed could today be instructive as gold steadily reaches for higher price levels.

Back in early 1980, following its initial correction from $850 flirtation, the gold price continued to lose ground as it entered an ultra-long bear market that only bottomed out some 20 years after it had peaked.

It is now evident that a renewed bull market is underway, prompting several relevant questions:

• At which price level will the current bull market peak?
• When?
• Are conditions favourable to a bull market peak in excess of its 1980 predecessor?

What makes it difficult to furnish convincing answers is that the underlying factors currently driving investors into the gold market are different from those that prevailed in the late 1970s.

Few investment savvy individuals are unaware that gold is a hedge against uncertainty. Indeed, uncertainty, while anathema to investors in equities, is manna to investors in bullion.

Uncertainty comes in several guises, among them inflation, conflict, political chaos and currency instability. Inconceivable as it might appear to those who weren’t there to experience it first-hand, inflation – and a lot of it – was the prime reason for the 1980 gold spike.

Hard as it might be to credit in today’s low single-digit inflationary climate, lax Jimmy Carter-inspired US monetary policies pushed that country’s annual inflation rate to an atmospheric 23%, with most other countries around the globe tending to follow suit.

As the American dollar – then, as it is now, the world’s yardstick currency – started losing its purchasing power, so the world sought shelter in gold.

The unfolding events provided a fascinating insight into the market’s anticipatory mechanism, since the bear market was triggered prior to the Reaganomics that subsequently slew the inflation ogre, in the wake of which the golden lifebelt lost its attraction and the gold price declined steadily for a couple of decades thereafter.

All this by way of (essential) background.

Whether or not we believe that history repeats itself, as matters stand at present it is unlikely that rampant inflation will once again rear its head in the foreseeable future.

Yet bullion has been attracting a fair measure of investment (and speculative) attention, prompting the thought that such buying is driven by a desire to hedge against a host of unpredictable uncertainties.

Candidates include dollar weakness, growing Muslim militancy, the possibility of a democrat in the White House, a nuclear-fired Iran and/or North Korea, an emerging market meltdown and global warming, and with oil soaring above $130 a barrel, well anything is possible now.

While the imagination needs to run rampant to conceive of a situation sufficient to spark a bullion buying frenzy of the ilk witnessed 28 years ago, more than one of these factors – or even, perhaps, a future event that currently defies imagination – could in due course eventuate in a way profound enough to drive precious metals prices to well above former peaks.

In the process of interrogating your crystal ball, bear always in mind that in our highly efficient free market system, today’s prices do not reflect the past or the present but, rather, collective expectations of what awaits us in the future. In short, Adam Smith’s “invisible hand” is a staggeringly accurate barometer that dare not be ignored.

One of the crystal ball’s revelations could, of course, convey the message that the past couple of years’ gold price revival represents no more than a rectification of an oversold position, in which event the bull run could soon peter out to be succeeded by (at best) a long period of consolidation.

Such a scenario is not out of the question, though the long-term cycle points to the likelihood that a new peak is in prospect, with the time frame hinging on the extent and longevity of global stability.

If the crystal ball is telling you that heightened uncertainty lies in store and that refuge will be sought in gold, as it has for centuries, then an investment strategy aimed at accumulating Krugerrands – the world’s most successful-ever gold coin – should be seriously contemplated.

Link to Article

The third drill hole containing visible gold, IP-08-11 is situated 350 metres northeast of two closely spaced drill holes reported by Goldstake in early May, 2008 to contain visible gold and is located 100 metres northeast and on strike from a trench also containing native gold mineralization situated between the two drill site locations. Preliminary assay results on three narrow sections of core containing sulphide mineralization and visible gold observed in the initial two drill holes situated to the southwest range: 157 grams/tonne gold over 0.2 metres and 47.24 grams/tonne over 0.45 metres in two adjacent core intervals tested in drill hole IP-08-03 and 57.01 grams/tonne over 0.16 metres in drill hole IP-08-04 situated 30 metres west. The first two assays came from the top of a 35 metre intersection of disseminated to semi-massive sulphide mineralization.

Results of samples taken from additional zones of sulphide mineralization in ten holes drilled during the current program to test the Instant Pond Zone, which have been submitted for assay, are expected in 6 to 8 weeks, due to the current high demand for analytical work placed on the assay laboratories. Assays reported above were completed by SGS Lakefield Research Limited.

Three holes drilled to test several magnetic features as potential sources of a kimberlite indicator mineral anomaly situated on the Clay Property did not intersect kimberlite, one hole encountered several pyritic zones which have been sampled to test for gold. Two other drill holes which tested magnetic features known as the L.21E targets intersected weakly magnetic porphyry. Goldstake plans to continue exploration for the source of the diamond indicator minerals found on the Clay Property, with further till sampling and trenching on additional magnetic features this summer.

The current drill program is part of a $2.5 million exploration project on the Clay Property allowing Goldstake to earn a 75% interest in the Clay Property from Transpacific Resources Inc. before December 31, 2009. Goldstake has recently changed the name of the project to the "Clay Property" in memory of the late Mr. Michael Clay, former president of Transpacific Resources Inc.

Goldstake Explorations Inc. is a Canadian exploration and development company with gold, base metal, uranium and diamond projects in Canada, The USA and Australia. The Clay Property is one of two properties Goldstake has in the Kirkland Lake-Larder Lake section of the Abitibi greenstone belt.

This press release was prepared by geologist Mr. Robert J. Dillman, P. Geo, acting qualified person for Goldstake as defined by National Instrument 43-101.

Investors are invited to visit the Goldstake IR Hub at http://www.agoracom.com/ir/goldstake where they can post questions and receive answers or review messages already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to GXP@agoracom.com where they can also request to be added to the investor e-mail list in order to receive all future press releases and updates in real time.

For further information on any of Goldstake's mineral properties, corporate structure and corporate vision please contact:

Robert Cleaver 416-201-9223

Goldstake Office 905-829-3393

Robert Dillman 519-264-9278

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.

For more information, please contact

Goldstake Explorations Inc.

Robert Cleaver

(416) 201-9223

Email: rcleaver@goldstake.com

or

Goldstake Explorations Inc.

Goldstake Office

(905) 829-3393

or

Goldstake Explorations Inc.

Robert Dillman

(519) 264-9278

Six drill holes have now been completed on the Clay Property formerly known as the McGarry Property and visible native gold has been observed in two of the four holes logged to date.

One of the intervals of visible gold mineralization occurs in a 35 metre section of drill core containing disseminated to semi-massive pyrite and chalcopyrite.

The two drill holes containing visible gold targeted a 2005 drill hole intersection assaying 33 grams/tonne Au across 8.5 metres which included an interval assaying 1,078 grams/tonne Au across 0.2 metres.

The current 4,000 metre drill program is systematically testing the Instant Pond Au-Cu-Ag Zone at 50 metre intervals. The mineralization has been traced in multiple zones by previous drilling in an area measuring 450 metres in strike and 300 metres in width. The extent of the mineralization remains open in all dimensions.

One drill rig has now been temporarily moved to test several potential kimberlite-diamond targets on the property which have been identified by ground magnetometer surveys and extensive till sampling tracing the kimberlite/diamond indicator minerals to the potential source.

The current drill program is part of a $2.5 million exploration project on the Clay Property allowing Goldstake to earn a 75% interest in the Clay Property from Transpacific Resources Inc. before December 31, 2009. Goldstake has changed the name of the project to the "Clay Property" in memory of the late Mr. Michael Clay, former president of Transpacific Resources Inc.

Goldstake Explorations Inc. is a Canadian exploration and development company with gold, base metal, uranium and diamond projects in Canada, The USA and Australia. The Clay Property is one of two properties Goldstake has in the Kirkland Lake-Larder Lake section of the Abitibi greenstone belt.

This press release was prepared by geologist Mr. Robert J. Dillman, P. Geo, acting qualified person for Goldstake as defined by National Instrument 43-101.

Please see Goldstake's website at www.Goldstake.com to view photos of visible gold in drill core and also in trenches. Please note that this project is being renamed as the "Clay Property". The previous name was the McGarry property.

For further information on any of Goldstake's mineral properties, corporate

structure and corporate vision please contact:

Robert Cleaver 416-201-9223

Goldstake Office 905-829-3393

Robert Dillman 519-264-9278

Email: rcleaver@goldstake.com

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.

CONTACT INFORMATION:

Goldstake Explorations Inc.

Robert Cleaver

(416) 201-9223

or

Goldstake Explorations Inc.

Goldstake Office

(905) 829-3393

or

Goldstake Explorations Inc.

Robert Dillman

(519) 264-9278

Email: rcleaver@goldstake.com

Website: www.Goldstake.com

TORONTO, ONTARIO-(April 9, 2008) - Goldstake Explorations Inc. (TSX:GXP)(FRANKFURT:GOO) has completed a ground magnetometer and electromagnetic (VLF-EM) survey on its 100% owned McGarry-McVittie Cu-Zn Property located in McGarry and McVittie townships in northeastern Ontario. The surveys focused on tracing copper-zinc bearing semi-massive sulphide mineralization exposed by a surface stripping-channel sampling program completed by Goldstake in the fall of 2007.

The magnetometer survey outlined six closely-spaced magnetic responses in a trend roughly 350 metres long. The magnetic responses, one occurring directly over the stripped area of copper-zinc mineralization generally strike in an east-west direction. The longest of the six magnetic responses were traced over 130 metres in length and coincides directly with a strong conductor detected by the VLF-EM survey.

During the surface stripping- channel sampling program, thirty-eight channel samples were cut across the sulphide mineralization at roughly 5 metre spaced intervals along a twenty-five metre long exposure (see GXP NR: November 13, 2007). Five parallel cuts made across the mineralization averaged: 0.19% to 0.71% Zn over widths ranging 2 to 6 metres. Some of the individual samples within the channel cuts assayed: 1.26% Zn across 0.5 metres 1.35% Zn across 0.4 metres and 1.75% across 0.25 metres.

The volcanogenic sulphide mineralization occurs between a cordierite bearing argillaceous metasedimentary unit heavily mineralized with stringers of pyrite and pyrrhotite and a massive metavolcanic basaltic unit. The geological setting resembles Cu-Zn VMS deposits in the Rouyn-Noranda area of Quebec. The semi-massive sulphides consist of variable amounts of pyrite, pyrrhotite, sphalerite and locally crossed by thin stringers of chalcopyrite. Selected rock samples taken of the mineralization have assayed 11% Zn and 0.42% Cu.

A circular positive magnetic feature resembling a pipe structure and potential kimberlite was also outlined by the ground magnetic feature. The pipe-like feature measures approximately 150 metres in diameter and appears situated close to the intersection of several faults, a common geological setting for kimberlite pipes in the Kirkland Lake kimberlite field. Goldstake has found kimberlite indicator minerals consisting of pyrope garnet and chrome diopside in heavy mineral samples collected several kilometres "down-ice" with respect to glaciation from the magnetic feature but has not collected samples in the immediate vicinity to the magnetic feature and will do so in the up-coming field season.

Goldstake Explorations Inc. is a Canadian exploration and development company with gold, base metal, uranium and diamond projects in Canada, The USA and Australia.

This press release was prepared by geologist Mr. Robert J. Dillman, P. Geo, acting qualified person for Goldstake as defined by National Instrument 43-101.

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.

CONTACT INFORMATION:

For further information on any of Goldstake's mineral properties, corporate structure and corporate vision please contact: Goldstake Explorations Inc.

Robert Cleaver
(416) 201-9223
Email: rcleaver@goldstake.com

or

Goldstake Explorations Inc.
Robert Dillman
(519) 264-9278

or

Goldstake Office
(905) 829-3393

In our ongoing efforts to provide market information and/or commentary, we are pleased to provide you, with Industry Sector Bulletins discussing current market opinions and/or conditions that affect the price, use and supply & demand of Gold.

AGORACOM Interview: Jim Sinclair Issues $1,000,000 Challenge To All Gold Bears

Good afternoon to you all. The title is neither a mistake, nor a gimmick. Jim Sinclair, whom the NY Times referred to as “perhaps the best-known gold speculator of his era”, has built a legendary reputation for his gold market calls since the 1970’s. For example:

• In the 70’s he predicted that gold would hit a high of $900 (it hit $875)
• Achieved his renown status when he sold 900,000 ounces of gold at an average price of $810 in early 1980, when gold was capping a decade-long bull market that commenced in 1971
• Called for a 15-year bear market in gold (it lasted 21 years)
• Has been a buyer of gold since it hit $250 in 2001
• Predicted that gold would hit a high of $1,650 in this cycle, since 2003.

PYMWYMI - $1,000,000 Challenge

With gold now about 10% of its $1,030 high, gold bears are saying the party is over thanks to a recovering US financial sector. Jim thinks otherwise but rather than wasting time “flapping gums” he is exercising his right to PYMWYMI (Put Your Money Where Your Mouth Is) and challenging any bear to do the same by laying $1,000,000 on the line.

It looks like Jim is specifically hunting for big game by targeting “any party on Bloomberg, CNBC or CNN Business“. I don’t know about you but I personally admire anybody who will man up and lay down that kind of money to back up his words. Right now, Jim Sinclair is the Muhammad Ali of the markets for going beyond plain predictions and providing specific details of his victory.

THE AGORACOM INTERVIEW

After first hearing about the wager on my friend Barry Ritholtz’s blog, I had to know more and decided to call Sinclair directly. We had never met before and he was reluctant at first to conduct any kind of interview, stating “I didn’t do this for publicity, just tell your audience about the wager”. No publicity? Now I couldn’t give up. After 10 minutes, I convinced him that my intent was not to glamorize the bet - but to uncover his reasoning behind his gold call. … I also told him I was 6′4, 240 lbs and had a great working knowledge of Google Maps, so he finally agreed.

I interviewed him this morning at 11:00 and discovered this was no conspiracy theory ladened gold bug. He was incredibly well reasoned and even sympathized with Ben Bernanke and his actions, however futile they may be. Yes, the sky is falling but he prefers it wasn’t happening. He isn’t cheering for gold to advance as a result of a crumbling US Dollar but his logic tells him it is simply a consequence of events and policy that started with Alan Greenspan.

I could put together a highlight list but it would not do Jim’s words any justice. This is one interview you have to listen to.

Having said that, I will provide you with one provocative morsel:

“What else is there to do? If they stepped away right now and let Bear Stearns go broke, the ramifications for the man walking on the street is he should walk straight to the soup kitchen.”

I look forward to your comments.

Regards,
George

The majority of the drill project, slated at 4,000 metres will focus on definition of the Instant Pond Zone in compliance to National Instrument (NI) -43-101 standards for resource development. The project is designed to test the gold-copper-silver deposit with a series of closely spaced, inclined drill holes. The drill program will be aided by new geological and geophysical information compiled from a trenching program completed this past fall and a ground magnetometer survey recently completed this winter. This information will be used in combination with historic drill results which outlined multiple gold-copper-silver intercepts in an area measuring approximately 350 metres by 450 metres in size.

Gold, copper and silver mineralization in the Instant Pond Zone occurs with chalcopyrite, pyrite and magnetite in brecciated pillowed and massive basalt flows. Surface channel samples taken in 2007 returned assays ranging up to 33.42 g/t gold, 0.48% copper and 7.3 g/t silver and grades of 5.5 grams/tonne Au across 3.0 metres, 47.8 grams/tonne Au across 2.4 metres and 33 grams/tonne Au across 8.5 metres which included 1,078 grams/tonne Au across 0.2 metres in drill holes which tested the zone in 2005 and 2006.

As part of the drill program three drill holes will target three ground magnetic features believed to represent potential kimberlite pipes and diamond sources. The magnetic features range 100 to 200 metres in diameter and occur within 100 to 200 metres directly up-ice with respect to glaciation from the Stump Pond kimberlite mineral anomaly formed by basal till sample sites containing hundreds of kimberlite indicator minerals comprised of: olivine, pyrope garnet, chrome diopside, chromite, picroilmenite, phlogopite and eclogite garnet.

The up-coming drill program is part of a $2.5 million exploration project on the McGarry Property allowing Goldstake to earn a 75% interest in the property from partner Transpacific Resources Inc. before December 2009.

Goldstake Explorations Inc. is a Canadian exploration and development company with gold, base metal, uranium and diamond projects in Canada, The USA and Australia.

This press release was prepared by geologist Mr. Robert J. Dillman, P. Geo, acting qualified person for Goldstake as defined by National Instrument 43-101.

For further information on any of Goldstake's mineral properties, corporate structure and corporate vision please contact:

Robert Cleaver 416-201-9223
Goldstake Office 905-829-3393
Robert Dillman 519-264-9278
Email: rcleaver@goldstake.com

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks. Actual events or results could differ materially from the Company's expectations and projections.

CONTACT INFORMATION:

Goldstake Explorations Inc.
Robert Cleaver
(416) 201-9223
Email: rcleaver@goldstake.com

or

Goldstake Explorations Inc.
Robert Dillman
(519) 264-9278

or

Goldstake Office
(905) 829-3393