Drilling Begins at Dome Uranium Property, Namibia

·         Granitic hosted (Rössing style) uranium targets to be tested

·         No previous drilling in the area

Dome Drilling

Pitchstone Exploration Ltd. (TSX-V: PXP; “Pitchstone”) is pleased to report that a diamond drilling program on the Dome uranium property in west central Namibia has begun.  Pitchstone is the operator of the project and is earning a 51% interest in two Namibian uranium properties, Dome and Kaoko, as the first stage of an option agreement with privately held Manica Minerals. 

 Drilling at the Dome property is designed to test a series of radon anomalies that are coincident with the margin of a structural dome interpreted from airborne magnetic surveys.  This region of Namibia hosts uranium mineralization at numerous localities, including the large Rössing mine located 70 km northeast of Dome.  The target at Dome is a covered, elliptical shaped, 5 km long geophysical feature that is very similar in size, shape, geophysical expression and interpreted geology to that at Rössing.

 Seven to ten drill holes are planned totaling 1,000 to 1,500 m in this phase of drilling, which marks the first drill test of the targets.  A map illustrating the location of Pitchstone’s properties in Namibia is available on Pitchstone’s website, www.pitchstone.net.  Steve Blower, P.Geo., President of Pitchstone, is the Qualified Person for the purposes of NI 43-101 with respect to the technical information in this news release.

 Options

 Pitchstone announces that it has granted 425,000 new stock options to directors and employees.  The options have an exercise price of $0.23 and will expire on November 7, 2013.  Further, Pitchstone has cancelled a total of 790,000 options issued January 2, 2007 to directors and senior officers.  The Company has also re-priced all remaining options that have been granted at prices greater than $1.00 to a new exercise price of $0.23, subject to TSX Venture Exchange and shareholder approval.  A total of 1,177,500 options granted to directors, employees and consultants have been re-priced.

 About Pitchstone

 Pitchstone is actively exploring for uranium in four proven districts. The property portfolio features ten projects in the eastern Athabasca Basin, Saskatchewan, five of which are joint ventured with Uranium One and five being 100% owned.  In addition, there are four joint venture projects with Triex in the Hornby Bay Basin, Nunavut, an exploration partnership with Cameco and Motapa Diamonds in the Franceville Basin, Gabon, and an option on two projects in Namibia.  Pitchstone has a unique group of geologists with extensive uranium exploration and production experience; it’s cash position is approximately $8.5 million.

On behalf of the Board,

E.A.G. (Ted) Trueman, CEO and Director

For further information contact Jag Sandhu at 604 306 1950, or visit  www.pitchstone.net

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.  This news release may contain assumptions, estimates, and other forward-looking statements regarding future events.  Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond Pitchstone’s control, that may cause actual results or performance to differ materially from those currently anticipated in such statements