TORONTO, ONTARIO--(Marketwire - Sept. 29, 2008) - Brownstone Ventures Inc. (TSX VENTURE:BWN) today announced its audited results for the year ended June 30, 2008. As at June 30, 2008, the Company had cash and cash equivalents of $10.8 million as compared to $35.9 million as at June 30, 2007.

Brownstone Ventures Inc. (TSX VENTURE: BWN) ("Brownstone") is pleased to announce that it has entered into a farm-in by way of a Head Farmout Agreement with Petro Vista Energy Corp.

BrazAlta Resources Corp. ("BrazAlta") (TSX VENTURE: BRX) and Brownstone Ventures Inc. ("Brownstone") (TSX VENTURE: BWN) are pleased to announce that Brownstone has entered into a participation agreement with BrazAlta and W.Washington Petroleo S.A.

Brownstone Ventures Inc. (TSX VENTURE: BWN) ("Brownstone") is pleased to announce that together with BrazAlta Resources Corp. ("BrazAlta"), Petro Latina do Brasil Exploracao e Producao de Petroleo e Gas Natural Ltda. ("PetroLatina") and W.Washington Empreendimentos E Participacoes Ltda.

Brownstone Ventures Inc. (TSX VENTURE: BWN) today announced its unaudited results for the three months ended September 30, 2007. As at September 30, 2007, the Company had cash and cash equivalents of $43.9 million as compared to $35.9 million as at June 30, 2007.