GGR Golden Goose Resources

Brownstone Energy Inc. (TSX VENTURE:BWN) ("Brownstone") is pleased to provide
the following update on operations in Colombia and Israel.


Colombia Operations Update

Canaguaro Block, Llanos Basin 

Brownstone has been advised by the operator of the Canguaro Block that
installation of long term production testing equipment at the Canaguay #1 well
is scheduled to be finished by the end of March 2011, with production testing
expected to begin within several weeks after that date. Brownstone has met its
obligations to earn its 25% working interest in the Canaguaro Block. 


Block 27, Llanos Basin 

Brownstone has been advised by the operator of Block 27, Llanos Basin, that two
initial drilling locations have been selected based on the interpretation of the
previously completed 3D seismic survey. Construction of the locations and
drilling of the wells is planned to begin once the environmental permits are
received. Brownstone has been advised by the operator that they expect to
receive environmental permits within 45 days. The drilling of two wells is
currently planned for the second quarter of calendar 2011 with anticipated total
depths of approximately 10,000 feet per well. Prospective targets include the
oil bearing intervals in the Carbonera, Mirador and Une Formations.


The operator has also commenced an additional 54 square kilometer 3D seismic
program in the south eastern portion of the block in an effort to further define
additional drilling locations. Seismic acquisition is expected to be completed
within 60 days. An additional 10,000 foot well is currently planned for the
third quarter of calendar 2011, depending on the results of the additional 3D
seismic. Brownstone has a 50% paying interest (45.275% working interest before
pay out, 34.25% working interest after payout) in Block 27.


Block 21, Llanos Basin 

A 95 kilometer 3D seismic program has begun on Block 21, with approximately 15%
of the program completed to date. Brownstone expects to have the results of the
program sometime during the second quarter of calendar 2011. Drilling on Block
21 is scheduled to begin by the end of 2011, depending on the results of the 3D
seismic, with projected well depths of 8,000 feet. Brownstone is the operator of
the block and has a 50% paying interest (45.5% working interest before pay out,
35% working interest after payout) in Block 21.


Block 36, Llanos Basin  

The operator of Block 36, Llanos Basin, has advised that the acquisition of 109
km of 3D seismic is approximately 50% complete. Drilling of one 15,000 foot well
is scheduled for the end of 2011. Brownstone has a 20% paying interest (18.2%
working interest before pay out, 14% working interest after payout) in Block 36.


Offshore Israeli Licenses Update

Gabriella and Yitzhak Licenses 

Brownstone has been advised by the operator, Adira Energy Ltd., that Western
Geco has completed the dual azimuth 511 kilometers and 129 kilometer 3D survey,
respectively. (See press release dated December 14, 2010). This detailed survey
will help define the anticipated oil targets on both licenses. The Company has
also been advised by the operator that it has signed a definitive contract with
CGG Veritas, a UK based global provider of geophysical services and equipment,
for processing the data, the results for which are anticipated to be received in
the third quarter of calendar 2011. Brownstone is also pleased to announce the
signing of a definitive joint operating agreement ("JOA") with its Gabriella
license participating partners, Modiin Energy Limited Partnership and Adira
Energy Ltd. ("Adira"). Adira is the Operator on both licenses. Brownstone has a
15% working interest in Gabriella and Yitzhak.


Samuel License 

Brownstone is also pleased to announce that it has signed a definitive JOA with
its shallow water "Samuel" license participating partners': GeoGlobal Resources
Inc. ("GGR"), Adira and Pinetree Capital Ltd. Adira and GGR are joint operators
of the Samuel license. Brownstone has been advised by the operators that they
have signed a contract with ARIS Nefterazvedka LLC., a Russian geophysical
contractor specializing in OBC or Ocean Bottom Deployed Cables. This system
provides very high resolution recording of targets with little impact on and
interference with surface traffic. The OBC system provides an excellent quality
seismic survey for shallow water transient zones such as exist on our Samuel
license. The contractor has been authorized to prepare for mobilization and the
issuance of permits is underway. The program is anticipated to begin the third
week of April and work continuously for approximately 40 days. Brownstone has a
6.75% working interest in the Samuel License.


Jonathan Schroeder, President and COO of the Company stated: "We are very
pleased that the respective operators of our Colombian and Offshore Israeli
licenses continue to successfully execute on the strategic plan. The various
work plans are being carried out in a timely and cost effective manner, and the
high quality results achieved to date are a testament to the administrative and
technical competency of the management teams and contractors involved.
Brownstone looks forward to steady progress evaluating these core Colombian and
Israeli assets."


About Brownstone  

Brownstone Energy Inc. is a Canadian-based, energy focused company with direct
interests in oil and gas exploration projects, including varying interests in 5
off-shore Israel concessions and in 4 Colombian blocks in the Llanos basin, as
well as other oil and gas interests worldwide. By owning and managing a
diversified portfolio of energy-based projects, Brownstone provides shareholders
with a unique energy alternative. For additional information, please see
Brownstone's website: www.brownstoneenergy.com.

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