TORONTO, ONTARIO–( EMWNews – April 2, 2008) – Brownstone Ventures Inc. (“Brownstone”) (TSX VENTURE:BWN) announces the cancellation of an aggregate of 493,500 of its common shares, which the company purchased during March (and the latter part of February) pursuant to its normal course issuer bid. The shares were purchased at an average price of $1.08.

An aggregate of 840,500 common shares have been purchased and cancelled by Brownstone thus far under the normal course issuer bid which expires on February 3, 2009.

About Brownstone

Brownstone Ventures Inc. is a well-financed Canadian-based, energy focused investment company with direct interests in oil and gas exploration projects, including working interests in almost 300,000 acres in the Piceance/Uinta Basins of Colorado and Utah, 295km2 in the Assam/Arakan Basin, Northeast India and 253,000 acres in Rio Negro, Argentina. For additional information, please see Brownstone’s website: www.brownstoneventures.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

The TSX Venture Exchange does not take responsibility for the adequacy or accuracy of this release.