DENVER, March 30 /PRNewswire-FirstCall/ -- Queenstake Resources Ltd. (Amex: QEE; TSX: QRL) announced a $10 million private placement from Newmont and also reported its fourth quarter and 2005 results today. Queenstake will hold a conference call hosted by President and Chief Executive Officer Dorian (Dusty) Nicol to review these announcements at 2:00 p.m. Eastern Standard Time today. The conference call may be accessed by telephone: United States and Canada (Toll-Free): 1-866-672-2663 International (Toll): 1-973-582-2822 The conference call may also be accessed via the Queenstake web site at http://www.queenstake.com/, under the Audio Webcast Link on the homepage. A replay of this call will be available for a limited time on the Queenstake web site or by calling: United States and Canada (Toll Free): 1-877-519-4471 International (Toll): 1-973-341-3080 Replay Pin Number: 7222619 Queenstake Resources Ltd. is a gold mining and exploration company based in Denver, Colorado. Its principal asset is the wholly owned Jerritt Canyon District in Nevada. Jerritt Canyon has produced over seven million ounces of gold from open pit and underground mines since 1981. Current production at the property is from underground mines. The Jerritt Canyon district comprises 119 square miles (308 square kilometers) of geologically prospective ground and represents one of the largest contiguous exploration properties in Nevada. For further information call: Wendy Yang 303-297-1557 ext. 105 800-276-6070 Email - web - http://www.queenstake.com/ DATASOURCE: Queenstake Resources Ltd. CONTACT: Wendy Yang of Queenstake Resources Ltd., +1-303-297-1557 ext. 105, or +1-800-276-6070, Web site: http://www.queenstake.com/

Copyright