Pitchstone Receives JOGMEC Budget Approval

Pitchstone Exploration Ltd. (TSX VENTURE:PXP)("Pitchstone") announces that its
exploration partner, Japan Oil, Gas and Metals National Corporation ("JOGMEC")
has approved the fiscal 2011 program and budget for the Wolverine property in
the Athabasca Basin, Saskatchewan. Under the terms of an agreement signed in
2009, JOGMEC can earn a 50% interest in both the Marten and Wolverine properties
with expenditures of $2 million over three years.


Initial drilling at Wolverine by the partners consisted of four holes that
tested two geophysical target areas. One drill hole (WL-01) intersected a zone
of anomalous radioactivity within a 57 meter interval of hematite and chlorite
altered fault breccia in basement rocks 370 meters below surface and 70 meters
below the sub-Athabasca unconformity (see July 14, 2010 news release). The
highest uranium value is 0.25% U3O8 over a 10 centimeter interval within a 2.0
meter interval that averages 0.05% U3O8. 


The summer 2011 drilling program will consist of an additional five drill holes
in the WL-01 area totaling 1,900 meters. Drill targets will include the up-dip
projection of the mineralized fault zone where it is interpreted to intersect
the unconformity. Other drill holes will test the zone along strike of WL-01,
along with other geophysical targets in the area.


Steve Blower, P.Geo., President and CEO of Pitchstone, is the Qualified Person
for the purposes of NI 43-101 with respect to the technical information in this
news release. Sample preparation and analyses were done by SRC Geoanalytical
Laboratories, Saskatoon. A partial digestion with fluorimetric analysis was used
for initial uranium determinations, and then all samples containing greater than
100 ppm uranium were re-analyzed with ICP. Pitchstone utilizes internally and
externally submitted standard reference materials for quality assurance and
quality control of the sample preparation and analyses. There is insufficient
information to estimate the true thickness of the mineralization.


About Pitchstone

Pitchstone is exploring for uranium in three proven districts in Canada and
Namibia. The property portfolio features 11 projects in the eastern Athabasca
Basin, Saskatchewan, three of which are 100% owned. In addition, there is a
joint venture on two projects in Namibia and several joint venture projects in
the Hornby Bay Basin, Nunavut. Pitchstone benefits from the collaboration of a
unique group of geologists with extensive uranium exploration and production
experience. 


On behalf of the Board,

Steven J. Blower, President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts 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.