EDMONTON, ALBERTA–(Marketwire – Feb. 23, 2012) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) wishes to clarify the finders’ fees paid in connection with the private placement that closed on February 10, 2012. Firestone raised $655,000 in two tranches: December 21, 2011 and February 10, 2012. Firestone paid arm’s-length parties an aggregate of $7,490 and issued 149,800 finder’s warrants pursuant to TSX Venture Exchange Policy. The finder’s warrants have an exercise price of $0.10 per common share, with 112,000 warrants expiring on December 21, 2012 and 37,800 warrants expiring on February 10, 2013.

The finder’s warrants are subject to acceptance by the TSX Venture Exchange and are subject to a four-month resale restriction from date of issuance. The proceeds from the private placement will be used for exploration on existing properties and for general working capital.

Firestone Ventures Inc. is a Canadian-based resource exploration and development company with zinc-lead-silver projects in Central America and Nevada, U.S.A. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

EDMONTON, ALBERTA–(Feb. 15, 2012) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to announced the closing of its non-brokered private placement (announced on November 29, 2011). The second tranche consisted of 2,760,000 units (“Units”) at a price of $0.05 per Unit for gross proceeds of CD$147,000. The first tranche for 10,340,000 Units for gross proceeds of CD$517,000 closed on December 21, 2011. Each Unit consisted of one common share and one common share purchase warrant (“Warrant”). Each Warrant entitles the holder to purchase one common share for a price of $0.10 per share at any time within 12 months of issuance.

The Units were sold to qualified purchasers in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The proceeds from the sale of the Units will be used for exploration on existing properties and for general working capital. The securities issued are subject to a four month resale restriction which expires on June 10, 2012. In connection with the second closing, Firestone paid arm’s-length parties an aggregate of $1,890 and issued 37,800 finder’s warrants pursuant to TSX Venture Exchange Policy. Closing of the placement is subject to the acceptance by the TSX Venture Exchange.

Firestone Ventures is pleased to announce it has extended the expiry date of 6,250,000 common share purchase warrants from March 5, 2012 to March 5, 2013. The share purchase warrants were originally issued in March 2010 in conjunction with a private placement. The TSX Venture Exchange as accepted notice of the extension of the expiry dates of the warrants subject to the issuance of this news release.

Firestone Ventures Inc. is a Canadian-based resource exploration and development company with zinc-lead-silver projects in Central America and Nevada, U.S.A. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

EDMONTON, ALBERTA–(Jan. 23, 2012) - Firestone Ventures Inc. (“Firestone”) (TSX VENTURE:FV) (FRANKFURT:F5V) is pleased to announce the appointment of Dr. Alfredo Sinibaldi as Country Manager for Firestone’s Guatemala operations.

“Dr. Sinibaldi has been a consultant for Firestone since 2010. His knowledge of the country´s social, economical and geological framework will facilitate the advancement of our zinc-lead-silver exploration and development projects in Guatemala.” says Lori Walton, President of Firestone Ventures Inc.

Dr. Sinibaldi is a Guatemalan geologist with over 15 years of experience in the oil and gas and mineral exploration industry in Guatemala and has held managerial positions in various national and international companies operating in Guatemala. He has held several advisory roles and director appointments, not only in the industry but also in the Guatemalan Government executive and legislative branches and in the University of San Carlos of Guatemala where he was Professor and Director of the School of Chemistry. Dr. Sinibaldi holds a PhD and MSc from the School of Geology and Geophysics at The University of Oklahoma as well as a MBA from York University, California. The Louisiana State Senate appointed Dr. Sinibaldi as a Honorary Senator of the State of Louisiana in recognition of his involvement in the development of the Oil and Gas industry in Guatemala. Dr. Sinibaldi served as President (2006) and Vice President (2007) of the Guatemalan Geological Society and in 2010 served as Academic Secretary in the Organizing Committee of the Central American Geological Congress that was held in Antigua, Guatemala.

Firestone Ventures is a mineral exploration company focused on finding and developing zinc-lead-silver deposits in Guatemala, Central America. Firestone owns a core zinc deposit, Torlon Hill, in western Guatemala and has first mover status in accumulating a substantial land portfolio in a historical carbonate-hosted zinc-lead-silver belt extending for 250 km across Guatemala.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best-efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements unless required by law.

Contact Information:

Firestone Ventures Inc.
Lori Walton, P. Geol.
President
Toll Free: 1-888-221-5588
(780) 428-3476 (FAX)
info@firestoneventures.com
www.firestoneventures.com

EDMONTON, ALBERTA–(Dec. 21, 2011) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to announced a successful first closing of its non-brokered private placement (previously announced on November 29, 2011) of 10,340,000 units (“Units”) at a price of $0.05 per Unit for gross proceeds of CD$517,000. Each Unit consisted of one common share and one common share purchase warrant (“Warrant”). Each whole warrant entitles the holder to purchase one common share for a price of $0.10/share at any time within 12 months of issuance.

The Units were sold to qualified purchasers in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The proceeds from the sale of the Units will be used for exploration on existing properties and for general working capital.

The securities issued are subject to a four month resale restriction which expires on April 22, 2012. In connection with the private placement, the Company paid certain arm’s-length parties an aggregate of $5,600 pursuant to TSX Venture Exchange Policy. Completion of the offering is subject to all required regulatory approvals, including the acceptance of the TSX Venture Exchange.

Firestone Ventures Inc. is a Canadian-based resource exploration and development company with zinc-lead-silver projects in Central America and Nevada, U.S.A. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

EDMONTON, ALBERTA–(Dec. 20, 2011) - Firestone Ventures Inc. (“Firestone”) (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to announce the appointment of Ms. Pamela Strand, P.Geol., as Executive Vice President of the Company.

“Ms. Strand has been a Director of Firestone since 2004. Adding her expertise to our executive team will assist us in advancing the exploration and development of our zinc assets and in evaluating various opportunities and strategic initiatives to advance Firestone,” says Lori Walton, President of Firestone Ventures Inc. “The market outlook for zinc is very positive due to several factors, including the upcoming end-of-life closures of several significant zinc mines. With Ms. Strand’s increased involvement we plan to move forward aggressively in Guatemala to develop our zinc resources and create growth opportunities for our shareholders in advance of the upcoming zinc supply gap.”

Ms. Strand is a Professional Geologist with over 25 years experience in the mining and exploration industry and has been involved in numerous corporate transactions involving St. Eugene Mining, Northern Tiger Resources, Kaminak Gold, Garson Gold, Grizzly Diamonds, and Takara Resources. Since 1997 Ms. Strand has held the position of President of Shear Diamonds Ltd., in addition to various advisory roles and director positions with numerous private and public companies. Ms. Strand has a M.Sc. in Economic Geology and is the current President of the NWT & Nunavut Chamber of Mines and is also a Director of the Alberta Chamber of Resources. She was recently profiled as a Deloitte Woman of Influence in 2011 and was a nominee for the Ernst & Young Entrepreneur of the Year in 2011. She has also received recognition for her environmental and community work in accepting the Thomas Kudloo Memorial Award in 2010 on behalf of Shear for commitment of care for the environment, the NTI Community Award and the Kivalliq Inuit Association environmental award.

Firestone Ventures is a mineral exploration company focused on finding and developing zinc-lead-silver deposits in Guatemala, Central America. Firestone owns a core zinc deposit, Torlon Hill, in western Guatemala and has first mover status in accumulating a substantial land portfolio in a historical carbonate-hosted zinc-lead-silver belt extending for 250 km across Guatemala.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best-efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements unless required by law.

EDMONTON, ALBERTA–(Nov. 29, 2011) - Firestone Ventures Inc. (“Firestone” or the “Corporation”) (TSX VENTURE:FV)(FRANKFURT:F5V) announced today it intends to proceed with a non-brokered private placement offering of up to 20,000,000 units (“Units”) at a subscription price of $0.05 per Unit for gross proceeds of up to C$1,000,000. Each Unit will consist of one common share and one common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one common share for a price of $0.10 for a period of 12 months from closing. The securities to be issued will be subject to a four month resale restriction.

The Private Placement will be conducted in reliance upon certain prospectus and registration exemptions. The net proceeds from the placement will be used for exploration on existing properties and for general working capital. The Corporation may pay a finder’s fee in connection with the private placement.

Completion of the offering is subject to all required regulatory approvals, including the acceptance of the TSX Venture Exchange.

Firestone Ventures Inc. is a Canadian-based resource exploration and development company with zinc-lead-silver projects in Central America and Nevada, U.S.A. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

EDMONTON, ALBERTA–(Nov. 16, 2011) - Firestone Ventures Inc. (“Firestone”) (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to provide an update and overview on its metallurgical testwork on material from Firestone’s Torlon Hill zinc-lead-silver deposit in Guatemala, Central America.

“We note that Guatemala will have a new President taking office in the New Year. We look forward to working with the new administration in developing our zinc projects in a socially and environmentally responsible manner,” says Lori Walton, President of Firestone Ventures Inc. “Besides advancing several of our new zinc discoveries in Guatemala to the drill-ready stage, we have been diligently evaluating metallurgical testwork on zinc material from the Torlon Hill deposit.”

Metallurgical Overview and Update

Firestone has conducted extensive preliminary metallurgical testwork on mineralized material from Torlon Hill (see news releases Sept. 17, 2008, Dec. 10, 2008 and March 4, 2011). Laboratories engaged include SGS Lakefield, Canada; Process Research Associates Ltd., Canada; MetaLeach Limited, Australia; Engitec Technologies, Italy; and the Department of Materials Engineering of University of British Columbia, Canada. Testwork completed includes detailed mineralogical studies and encompasses a range of different processing methods. These include dense media separation, flotation and zinc leaching utilizing different techniques and reagents, including AmmLeach®.

As a result and after detailed review, Firestone is in discussions with Alexander Mining plc (“Alexander”) on proposals for further bench-scale work, column testing and a demonstration test plant designed to further test the AmmLeach® process. The AmmLeach® process was developed by MetaLeach Limited (a wholly owned subsidiary of Alexander) and is a proprietary ammonia-based process for leaching metal from high acid consuming carbonate-hosted ores. The key proprietary step is a tailored pre-treatment of the ore prior to leaching. The AmmLeach® process was selected as the most promising option to pursue for Torlon Hill based on very encouraging test results to date and the following factors:

• Ability to produce a high value (clean zinc oxide) cost-effective product without large electrical energy requirements (as necessary for production of zinc metal). Production of zinc metal remains an option to consider in the future, especially with increased zinc ore/concentrate feed.
• Ambient temperature and pressure process using conventional equipment with extremely low reagent consumption compared to acid.
• Generally “scalable” process that does not require large throughputs for capital efficiency.
• Environmentally clean option with no acid mine drainage problems, and negligible air emissions and recycling of almost all reagents.
• Efficient mining scenario with Torlon zinc-lead-silver mineralization being on or near surface and high-grade (10.55% Zn-Eq).
• The AmmLeach® process shows promising results on both smithsonite and hemimorphite – carbonate and silicate zinc ore minerals common on Firestone’s properties.
• Can potentially accommodate concentrate feed from Firestone’s other zinc occurrences in Guatemala.

Alexander Mining – AmmLeach® technology

Leaching of eleven selected representative samples from Torlon Hill with average head grade assays of ≥6.99% zinc showed that the average zinc dissolution using AmmLeach® was 79% and potentially high recoveries of >75% should be achievable. In addition, AmmLeach® amenability tests on Firestone’s drill core samples from the Quetzal zinc-lead-silver property produced encouraging results. It is anticipated that recoveries could further be improved by optimization of the leaching circuit.

Zinc-Lead-Silver Exploration Update

Regional and property scale exploration fieldwork is progressing on Firestone’s 700 sq km of land holdings extending across a 250 km historical carbonate-hosted zinc-lead-silver district in Guatemala. Scant modern exploration has taken place despite the historical mining of numerous oxide and sulphide zinc occurrences on surface. Firestone drilled the first of several compelling zinc properties in 2010 (see news release on Quetzal project, June 24, 2010) and is advancing several other properties, including the new La Luna project, to the drill ready stage.

In western Guatemala, Firestone is advancing its 100% owned, road-accessible Torlon Hill zinc-lead-silver project in Guatemala, Central America. The combined Measured and Indicated Resource totals 1,891,636 tonnes grading 7.32% zinc, 2.41% lead and 14.25 g/t silver (at a 3% zinc-equivalent cut-off). An additional 169,705 tonnes is classified as Inferred resources grading 4.42% zinc, 1.96% lead and 12.53 g/t silver (see news release Nov. 18, 2008). In addition, there is a basal zone of unoxidized sulphide mineralization which is not yet well defined by the drilling to date. The deposit is open to expansion and high-grade zinc oxide mineralization defined to date is on or near surface. Smithsonite (ZnCO₃) is the prevalent zinc mineral at Torlon Hill, occurring as a replacement to limestone and resulting in high grade mineralization locally exceeding 40% zinc. Other non-sulphide zinc minerals are relatively rare and there is no evidence of deleterious zinc-clay minerals such as sauconite. Firestone is dedicated to developing and maintaining supportive community and government relationships at Torlon Hill and in Guatemala.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best-efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements unless required by law.

EDMONTON, ALBERTA–(Nov. 2, 2011) - Firestone Ventures Inc. (“Firestone” or the “Company”) (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to provide an update on its on-going regional exploration program targeting zinc-lead-silver mineralization in central Guatemala, including follow-up fieldwork on the La Luna property.

“Given the excellent initial results from the La Luna property, our field crew returned to fast-track the La Luna project to drill-ready status,” says Lori Walton, President of Firestone Ventures Inc. “The uplift and weathering history in the Guatemala zinc carbonate belt has resulted in pervasive and deep oxidation and ideal circumstances for the formation of supergene zinc oxide deposits. In addition, the region has considerable potential for conventional Mississippi Valley-Type (MVT) zinc-lead-silver sulphide mineralization. MVT deposits typically occur in clusters or districts with multiple deposits over hundreds of square kilometer having similar geological settings.”

Field crews returned to the road-accessible La Luna high-grade zinc-lead-silver project to conduct follow-up sampling, and geological mapping with the goal of defining drill targets. The La Luna property has historically been worked, on a small scale, for lead and silver, but Firestone is the first company to evaluate its zinc potential. Initial soil geochemistry, prospecting and sampling outlined a series of mineralized zones and anomalies possibly extending east-southeast for 3 km. In addition, Firestone field crews conducted extensive underground mapping and sampling of historical tunnels/adits. Chip samples from Tunnels #1, 2, 3, 4 and 11 returned significant high-grade zinc. Several individual chip samples over 2 metres from the tunnels returned over 25% zinc (see news release September 13, 2011). Mineralization consists of smithsonite/hemimorphite and galena.

The follow-up program at La Luna consisted of extending the existing soil grid and further examining the zinc-lead mineralization in the tunnels to determine size potential for zinc-lead-silver tonnage and drill-readiness.

The most extensive zinc-lead-silver mineralization at La Luna is exposed in Tunnel #11. A total of 30 chip samples were collected during the initial program. Individual chip samples returned up to 31.88% zinc, 5.96% lead and 44.5 ppm silver over 2 metres (see September 13, 2011 news release). Zinc-lead-silver mineralization at La Luna is hosted in brecciated limestone/dolomite within the lowest stratigraphic unit in a sequence of Jurassic to Cretaceous carbonate rocks. Follow-up detailed mapping and structural measurements of the Tunnel #11 mineralization indicates that the exposed high-grade zinc-lead mineralization is at least 11 metres wide by 51 metres thick and extends for at least 40 metres.

Tunnels #1 to #4 have also been examined in detail and although no preferred orientation for the zinc-lead-silver mineralization has yet been determined, there appears to be a strong structural control that can be drill-tested. Previously reported chip samples from the tunnels contain high-grade zinc and lead; several samples over 2 metres contained in excess of 25% zinc and greater than 10% lead. In addition, a silver rich zone was defined in Tunnel #2; a total of three continuous chip samples averaged 5.25% zinc, 11.8% lead and 138.73 ppm (4.02 oz/t) silver over 6 metres.

Field crews are also working on follow-up field exploration at the Quetzal project, also in central Guatemala. The Quetzal property was drilled for the first time in 2010 (see news release June 24, 2010). Drill results include 10 metres grading 20.0% zinc, 1.2% lead and 13.9 ppm silver. The current program consists of detailed property mapping, additional trenching with associated trench mapping and sampling. New interpretations regarding the mineralization are being developed based on these new observations. In addition, several other historical zinc-lead-silver occurrences in central Guatemala are being examined.

The technical information in this document has been reviewed and approved by Lori Walton, P. Geo., President of Firestone and a Qualified Person in accordance with NI 43-101.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best-efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements.

EDMONTON, ALBERTA–(Sept. 13, 2011) - Firestone Ventures Inc. (“Firestone” or the “Company”) (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to announce high-grade zinc-lead-silver results from its new “La Luna” project located 80 km north of Guatemala City, Guatemala. Selected highlights from extensive underground chip sampling in historical workings on the property include:

“We are very excited about the initial results of our regional exploration program targeting zinc mineralization in central Guatemala. In addition to our new La Luna project we have multiple other zinc showings we are evaluating throughout the region,” says Lori Walton, President of Firestone Ventures Inc. “It is interesting to note that, similar to our Torlon Hill deposit in western Guatemala, there are silver-rich zones at La Luna.”

Zinc-lead-silver mineralization at La Luna is hosted in brecciated dolomite within the lowest stratigraphic unit in a sequence of Jurassic to Cretaceous carbonate rocks. Mineralization consisting of smithsonite (a zinc carbonate mineral) and galena is exposed in rare surface outcrops and in old mine workings. The main mineralized zone trends east-southeast for 3 km.

The La Luna property has historically been worked, on a small scale, for lead and silver, but its zinc potential has never been investigated prior to this field program. A total of 1,282 soil samples were collected on a 100 m by 25 m grid, in addition to 127 rock samples and 11 silt samples. Firestone field crews were able to access, map and sample eleven tunnels on the property. The relationship between the mineralized zones is being investigated; however, initial observations suggest there is a strong north-trending structural control on the stratabound mineralization. A schematic map of the areas of interest is available at www.firestoneventures.com.

TITAN ZONE

The Titan Zone contains six historical tunnels in association with a zinc, lead and silver soil anomaly covering a 400 m by 400 m area. Forty of the soil samples returned zinc values greater than 500 ppm (up to 3.74% zinc) and 46 soil samples contained over 500 ppm lead with the highest value at 3.54% lead and up to 7.7 ppm silver.

Tunnel #1

A total of 14 chip rock samples were collected from Tunnel #1. Five continuous chip samples across 10 m along the south wall of the tunnel averaged 14.1% zinc, 0.7% lead and 4.62 ppm silver. A second high-grade interval near the end of the 28 m tunnel returned an average of 25.8% zinc, 1.15% lead and 14.6 ppm silver over 6 m. The two zones are separated by 8 m of lower grade material containing 3 to 4% zinc. The true width of the zone is indeterminate.

Tunnel #2

A total of 41 rock chip samples were collected from Tunnel #2, located 5 m upslope of Tunnel #1. High grade mineralization was intersected 24 metres from the portal entrance before the tunnel split into three separate drifts. Eight continuous chip samples collected from a meandering southeast trending drift returned an average of 19.5% zinc, 3.92% lead and 22.1 ppm silver over 16 m. The orientation of the mineralized zone is uncertain. The highest individual interval from this section returned 36.12% zinc, 11.26% lead and 79.5 ppm silver over 2 m. A north-trending drift extending from the tunnel is silver rich; a total of three continuous chip samples from a moderately north dipping zone exposed in a stope averaged 5.23% zinc, 11.8% lead and 138.73 ppm silver over 6 m. The chip samples from a third drift, extending 10 m northwest from the tunnel returned lower grades, with the highest sample containing 11.46% zinc, 2.1% lead and 7.1 ppm silver over 2 m.

Tunnel #3

Tunnel #3 is located within 10 m of Tunnel #1. A total of seven continuous chip samples from the portal entrance along the south stope wall to the end of the tunnel averaged 12.75% zinc, 10.84% lead and 120.28 ppm silver over 21 m. An individual chip sample at the end of the tunnel returned 3.72% zinc, 38.89% lead and 500.3 ppm (14.51 opt) silver over 2 m.

Tunnel #4

Tunnel #4 is located 12 m upslope from Tunnel #2. Five continuous chip samples from the south wall of Tunnel #4 contained over 15% zinc. The highest individual chip sample returned 34.50% zinc, 7.18% lead and 41.5 ppm silver over 2 m. The orientation of the mineralization is unknown.

Tunnels #6 and #7

These two tunnels are 20 m and 30 m southeast from Tunnel #1. Tunnel #6 contained low metal values. Tunnel #7 extends north into the slope for 50 m and is one of the largest historical workings on the property. A total of 17 rock chip samples were collected every 2 m. Values of 9.05% zinc, 4.9% lead and 22.8 ppm silver were returned over 8 m from continuous chip samples at the end of the tunnel. The orientation of the mineralization is unknown.

DELTA ZONE

A total of 40 soil samples over a 300 m by 200 m area contained greater than 500 ppm zinc with coincident elevated lead and silver values.

Tunnels #5,8,9,10

Tunnels #5 and #8 returned low zinc values (<3%). Tunnel #9 extends 9 m west along strike of the host carbonate unit; the highest of three 2 m chip samples returned 28.35% zinc, 4.51% lead and 27.5 ppm silver. Tunnel #10 is 5 m upslope of Tunnel #9 and is only 4 m long. The highest chip sample returned 6.52% zinc, 3.27% lead and 8.1 ppm silver over 2 m.

Tunnel #11

The workings in Tunnel #11 are the most extensive on the property. The portal is located 12 m west of Tunnel #8 and follows the strike of the stratabound mineralization for 50 m. There are two additional drifts to the south. A total of 30 chip samples were collected every 2 m. High grade mineralization up to 34.42% zinc over 2 m was intersected close to the portal entrance and several additional high-grade mineralized zones were intersected along strike. Individual chip samples returned up to 31.88% zinc, 5.96% lead and 44.5 ppm silver over 2 m.

APEX ANOMALY

The Apex soil anomaly covers a 400 m by 150 m area and includes 16 soil samples containing higher than 500 ppm zinc. A total of eleven samples returned greater than 500 ppm lead.

JUNO ANOMALY

The Juno soil anomaly covers a 200 m by 50 m area and includes 29 soil samples with zinc values over 500 ppm, with the highest at 4.12% zinc. Thirteen samples returned lead values over 500 ppm.

APOLLO ANOMALY

The Apollo soil anomaly covers 100 m by 100 m and may define a parallel mineralized zone at a higher elevation. A total of 14 soil samples contain zinc values greater than 500 ppm zinc. Eight samples contain lead values higher than 500 ppm with the highest soil sample returning 13% lead. Silver values in soil were up to 126.5 ppm.

The objective of Firestone’s regional program in Guatemala is to identify and delineate non-sulphide and sulphide Mississippi-Valley type zinc-lead-silver mineralization. Stratigraphic information determined from drilling the Quetzal property in central Guatemala (see news release June 24, 2010) was used to define favorable strata in the regional carbonate sequences. As a result, Firestone has applied for several new mineral concessions that are pending approval from the Guatemalan government, including the La Luna property.

Samples from the La Luna property were sent to the BSI Inspectorate facility in Guatemala City for preparation and then sent by courier to the International Plasma Labs Ltd. (“IPL”) facility in Vancouver, British Columbia, Canada for analysis using 30 element ICP and 30g FA/AAS. Over limit zinc and lead analyses were further analyzed by atomic absorption methods. The upper limit for zinc is 20%, and samples containing more than this threshold were re-analyzed using titration. Soil and stream sediment samples are analyzed using 30 element ICP and 30 g FA/AAS.

In other news, the Company terminated the drill program at its Black Mountain zinc-lead-silver project in Nevada due to low initial results.

The technical information in this document has been reviewed and approved by Lori Walton, P. Geo., President of Firestone and a Qualified Person in accordance with NI 43-101.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best- efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements.

EDMONTON, ALBERTA–(July 28, 2011) - Firestone Ventures Inc. (TSX VENTURE:FV) (FRANKFURT:F5V) (“Firestone” or the “Company”) is pleased to announce the start of the 2011 drilling program at the Company’s Black Mountain zinc-lead-silver property, located 29 km northeast of Wells, Nevada, U.S.A. Firestone Ventures has an option to earn 100% interest in the Black Mountain project from Kinross Gold (see news release Nov. 29, 2010). Black Mountain has excellent road access and is in close proximity to power and railroad lines.

“We are pleased to start drilling after weather delays due to unseasonably late snow and wet road conditions,” says Lori Walton, President of Firestone Ventures Inc. “The Black Mountain area has never been drilled for zinc, despite numerous high-grade zinc showings on surface. This first drill campaign is designed to test several compelling targets defined from results of our comprehensive 2010 surface exploration program.”

The drill program at Black Mountain will consist of a minimum of 12 drill holes totalling 1,245 m targeting four areas (see news release Nov. 30, 2010). The drill holes are expected to range between 40 m to over 300 m depth. A map showing the zones is available atwww.firestoneventures.com.

In other news, Firestone is pleased to announce that it has finalized a Cooperation Agreement with a local community “Cooperativa” (“TC”) in relation to the Company’s exploration activities at its Torlon Hill zinc-lead-silver deposit in Guatemala, Central America. The Cooperation Agreement builds upon the excellent working relationship between Firestone and the local community and acknowledges the important historical contribution that the TC has made to the economy and social development of the region. The Cooperation Agreement will facilitate exploration in the Torlon Hill area in Guatemala and will contribute to increased capacity building within the TC through the formation of two committees: the Torlon Hill Environmental Committee and the Torlon Hill Social Development Committee. Firestone has issued 1,080,000 common shares to the TC at a deemed price of $0.0675 per common share. The shares are subject to a four month hold period.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best-efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements unless required by law.

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.

EDMONTON, ALBERTA–(June 17, 2011) – Firestone Ventures Inc. (the “Corporation”) (TSX VENTURE:FV)(FRANKFURT:F5V) announces that, subject to regulatory approval, the Corporation intends to grant 1,410,000 stock options to directors, officers, and consultants. The options will have exercise price of $0.15 per common share and an expiry date of June 17, 2013.

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.

Firestone Ventures Inc.
Lori Walton, P. Geol.
President
Toll Free: 1-888-221-5588
(780) 428-3476 (FAX)
info@firestoneventures.com
www.firestoneventures.com

EDMONTON, ALBERTA–(June 2, 2011) – Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) (“Firestone”) is pleased to announce that further to its collaborative relationship with Alexander Mining (see news release March 4, 2011) a report from David Lunt of Stirling Process Engineering (“Study”) presenting a conceptual flow sheet using AmmLeach® for processing material from Firestone’s Torlon Hill property has been received.

“We are reviewing this Study, which builds on previous testwork showing promising results from amenability testwork using AmmLeach® on Torlon Hill zinc-lead-silver samples,” says Lori Walton, President of Firestone Ventures Inc. “In addition, the AmmLeach® process shows positive leaching recoveries on both smithsonite and hemimorphite – the two primary zinc-bearing minerals present at our projects in Nevada and Guatemala.”

The Study summarizes a relatively simple conceptual operation involving heap leaching, solvent extraction and stream stripping to produce a zinc oxide product. The adoption of heap leaching would eliminate the need for milling, agitation leaching equipment and solid-liquid separation. Cost savings would be realized through the use of AmmLeach® since no on-site acid plant is required.

Firestone will examine the Study in conjunction with additional information on metallurgical testing to decide, in discussion with Alexander, on the next steps which may include further bench-scale work, heap leach column testing and a demonstration scale pilot plant. Firestone and Alexander will continue to work collaboratively to advance the Torlon Hill project and to identify and target other carbonate-hosted zinc oxide opportunities in Firestone’s portfolio which may be suitable for AmmLeach®.

About Firestone Ventures

Firestone Ventures Inc. is advancing its 100% owned road-accessible Torlon Hill zinc-lead-silver deposit in Guatemala, Central America. In addition to Torlon Hill, Firestone has a significant land position throughout a historical carbonate hosted zinc-lead-silver district extending across a 250km belt in Guatemala. Scant modern exploration has taken place in the carbonate belt despite the historical mining of numerous oxide and sulphide zinc occurrences on surface. Firestone is currently evaluating and sampling a number of these occurrences. In addition, Firestone is drilling its zinc prospects in Nevada, U.S.A.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best-efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available atwww.sedar.com. The Company disclaims any intention or obligation to revise or update such statements unless required by law.

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.

EDMONTON, ALBERTA–(April 13, 2011) – Firestone Ventures Inc. (“Firestone”) (TSX VENTURE:FV)(FRANKFURT:F5V) and Alexander Mining plc (“Alexander”) (TSX VENTURE:AXD)(AIM:AXM) are pleased to announce that preliminary stage amenability tests using the AmmLeach^© process on two grab rock samples with grades of 15.3% and 16.3% zinc, from Firestone’s Black Mountain and Antelope zinc properties in Nevada, produced high leaching recoveries.

Lori Walton, President and CEO of Firestone, said:

“We are very encouraged by these early stage characterization tests, which show excellent leaching recoveries. What is interesting is that the AmmLeach^© process appears to work on both smithsonite and hemimorphite – carbonate and silicate zinc minerals respectively. These are the two primary zinc-bearing minerals present at both our Black Mountain and Antelope zinc exploration project areas.”

Martin Rosser, CEO of Alexander, said:

“These positive results certainly warrant further work on representative samples from Black Mountain and Antelope. We look forward to discussing the next steps when ready with Firestone.”

The aim of the testwork was to test the amenability of two hand-picked grab samples from Firestone’s Black Mountain property and Antelope property to the AmmLeach^© process. No attempt was made to collect a representative sample or to optimize leach recoveries. It is stressed that the tests are very preliminary characterization tests on grab samples of high-grade material and further testing will be required upon completion of drill programs.

Firestone has a 1,245 m drill program planned to begin in May at its road-accessible Black Mountain zinc-lead-silver property located 29 km northeast of Wells, Nevada, U.S.A. Firestone has an option to earn 100% interest in the Black Mountain project from Kinross Gold (see news releases March 24, 2011 and Nov. 29, 2010). Structurally controlled zinc mineralization at Black Mountain consisting of hemimorphite and smithsonite is hosted by Devonian carbonate rocks. In addition, the permitting process is underway for a late 2011 drilling program at Firestone’s Antelope zinc-lead-silver property, southwest of Eureka, Nevada.

The AmmLeach^© process, developed by MetaLeach Limited (a wholly owned subsidiary of Alexander Mining plc), uses a proprietary ammonia based process for leaching high acid consuming ores that are very costly or not economic to treat using acid leaching technology. Recently, Firestone announced positive test results using AmmLeach^© on selected representative samples from the Torlon Hill zinc-lead-silver deposit in Guatemala, Central America (see news release of March 4, 2011). As a result, Firestone has requested Alexander submit a conceptual process flow sheet for Torlon Hill and a plan for substantial next stage testwork.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best-efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements unless required by law.

For more information, please contact

Firestone Ventures Inc.
Lori Walton, P.Geol.
President
Toll Free: 1-888-221-5588
(780) 428-3476 (FAX)
info@firestoneventures.com
www.firestoneventures.com

EDMONTON, ALBERTA–(March 24, 2011) – Firestone Ventures Inc. (“Firestone” or the “Company”) (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to announce an update on planning for the diamond drill program at its Black Mountain zinc-lead-silver property, located 29 km northeast of Wells, Nevada, U.S.A. Firestone Ventures has an option to earn 100% interest in the Black Mountain project from Kinross Gold (see news release Nov. 29, 2010). Black Mountain has excellent road access and is in close proximity to power and railroad lines.

“We expect to start drilling in May, 2011 contingent on snow conditions,” says Lori Walton, President of Firestone Ventures Inc. “We are excited to begin our first drill program in Nevada, which is timely considering the strong long-term outlook for zinc. In addition we have started the permitting process for our second drill program in Nevada at the Antelope zinc-lead-silver property southwest of Eureka.”

The drill program at Black Mountain will consist of a minimum of 12 drill holes totalling 1,245 m targeting four areas identified from Firestone’s surface exploration program (see news release Nov. 30, 2010). The drill holes are expected to range between 40 m to over 300 m depth. A map showing the zones is available at www.firestoneventures.com.

Corporate Update – Advisor Appointed to Firestone Ventures Inc.

Firestone is pleased to announce the appointment of Jesse Duke, P.Geo. as Advisor to the Company. Mr. Duke is currently the principal of Ibex Valley Consulting. He was recently the Manager of an environmental consulting firm and Director of Mineral Development for the Government of the Yukon. His expertise involves managing complex multidisciplinary projects, government and First Nations relations, mineral policy and major mine project permitting and licensing. He has extensive experience dealing with public communications, dispute resolution, stakeholder consultations and community relations for major mining projects. Mr. Duke graduated from the University of Alaska with a B.Sc. in Geology. He is a professional geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia.

In other news, Firestone is pleased to announce that the earn-in period stipulated in a formal option agreement to earn 100% interest in the Selegua and Saturno II concessions in Guatemala has been extended by two years. These concessions surround the Company’s Torlon Hill zinc-lead-silver project and cover Permian carbonate formations which are considered to have excellent potential for zinc and lead mineralization. Under the original terms of the option agreement Firestone Ventures was to make a cash payment to the vendor of USD $5,000 and incur USD $250,000 in exploration expenditures by March 5, 2010 of which a total of USD $35,000 was to be spent by the end of the first year. The agreement has been amended so Firestone paid an additional USD $10,000 on March 5, 2011 and has until March 5, 2013 to incur a total of USD $325,000 in exploration expenditures. A 1.5% NSR is reserved for the vendor, of which 0.5% may be purchased anytime by Firestone for $1,000,000. An additional 2% NSR is reserved for an underlying vendor. The agreement was previously amended March 5, 2010.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best-efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements unless required by law.

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.

CONTACT INFORMATION:

Firestone Ventures Inc.
Lori Walton, P.Geol.
President
Toll Free: 1-888-221-5588
Fax: (780) 428-3476
info@firestoneventures.com
www.firestoneventures.com

Lori Walton, President and CEO of Firestone Ventures Inc. (FV: TSX-V) discusses the latest developments at Firestone live from PDAC 2011, March 6, 2011.

Download Interview Here

- AmmLeach® amenability testwork on selected representative samples from the Torlon Hill zinc deposit, with a head grade of greater than or equal to 6.99% zinc, resulted in an average zinc dissolution of 79%; this shows that zinc recoveries of greater than 75% should be achievable

- Alexander to develop a conceptual process flow sheet for a treatment plant to produce zinc metal using AmmLeach®

- Collaborative relationship with Firestone to target further opportunities to use AmmLeach® on Firestone’s zinc oxide projects in Guatemala and and Nevada.

EDMONTON, ALBERTA–(March 4, 2011) - Firestone Ventures Inc. (“Firestone”) (TSX VENTURE:FV)(FRANKFURT:F5V) and Alexander Mining plc (“Alexander”) (TSX VENTURE:AXD)(AIM:AXM) are pleased to announce that AmmLeach® amenability test work conducted by Alexander’s wholly owned subsidiary, MetaLeach Limited (‘MetaLeach’), for Firestone on its Torlon Hill zinc oxide project (‘Torlon Hill’) in Guatemala produced highly favourable results.

For eleven selected representative zinc oxide ore samples, where the head grade assays were ≥6.99% zinc, the average zinc dissolution was 79% and hence potentially high recoveries of >75% should be achievable. It is anticipated that recoveries can further be improved by optimisation of the leaching conditions.

As a result, Firestone has requested Alexander submit a conceptual process flow sheet for Torlon Hill and a plan for substantial additional next stage testwork. The conceptual flow sheet will be for a heap leach solvent-extraction electro-winning (‘SX-EW’) treatment plant using AmmLeach®. The conceptual flow sheet could be the precursor to a decision by Firestone to commit to a full feasibility study for Torlon Hill using AmmLeach®. Commercial terms would be agreed between Firestone, Alexander and MetaLeach at that time.

Additionally, Alexander and Firestone have agreed to work collaboratively to identify and target other high acid-consuming, carbonate-hosted zinc oxide opportunities in Firestone’s portfolio which may be suitable for AmmLeach®.

Lori Walton, President and CEO of Firestone, said:

“We are very pleased with the initial results using the AmmLeach® process showing that potential recoveries of over 75% zinc could be achievable. Further work is warranted and we plan to work together with Alexander Mining on developing a conceptual flow sheet that will provide valuable information for a future feasibility study.”

Martin Rosser, CEO of Alexander, said:

“We are delighted to be working with Firestone on investigating the use of AmmLeach® at its Torlon Hill zinc oxide project. Firestone has been advancing assiduously its zinc exploration activities in Guatemala and has built up an extensive zinc oxide property portfolio. This step is a significant one in Alexander’s aim of demonstrating the commercial use of AmmLeach® for processing high grade zinc oxide deposits.”

Firestone Ventures Inc. is advancing its road-accessible Torlon Hill zinc-lead-silver project in Guatemala, Central America. The combined Measured and Indicated Resource totals 1,891,636 tonnes grading 7.32% zinc, 2.41% lead and 14.25 g/t silver (at a 3% zinc-equivalent cut-off). An additional 169,705 tonnes is classified as Inferred resources grading 4.42% zinc, 1.96% lead and 12.53 g/t silver (see news release Nov. 18, 2008). In addition, there is a basal zone of unoxidized sulphide mineralization which is not yet well defined by the drilling to date. The deposit is open to expansion and high-grade zinc oxide mineralization defined to date is on or near surface. Smithsonite (ZnCO3) is the prevalent zinc mineral at Torlon Hill, occurring as a replacement to limestone and resulting in high grade mineralization locally exceeding 40% zinc. Other non-sulphide zinc minerals are relatively rare and there is no evidence of deleterious zinc-clay minerals such as sauconite. Firestone is dedicated to developing and maintaining supportive community and government relationships at Torlon Hill and in Guatemala.

As well as Torlon Hill, Firestone has a significant land position throughout a historical carbonate-hosted zinc-lead-silver district extending across a 250km belt in Guatemala. Scant modern exploration has taken place in the carbonate belt despite the historical mining of numerous oxide and sulphide zinc occurrences on surface. Firestone is currently evaluating and sampling a number of these occurrences. In addition, Firestone is working on drilling its zinc oxide prospects in Nevada, U.S.A.

Alexander is a mining and mineral processing technology company with a reputation for strong technical management, allied with financial markets’ expertise and experience. Through its wholly owned subsidiary MetaLeach Limited, it is solely focused on the commercialisation of its proprietary mineral processing technology.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best-efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements unless required by law.

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.

For more information, please contact

Firestone Ventures Inc.
Lori Walton, P. Geol.
President
Toll Free: 1-888-221-5588
(780) 428-3476 (FAX)
info@firestoneventures.com
www.firestoneventures.com

EDMONTON, ALBERTA–( March 2, 2011) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to announce it has extended the expiry date of certain of its outstanding common share purchase warrants. In March 2010, the Corporation issued 6,250,000 warrants with an exercise price of $0.20 per common share and an expiration date of March 5, 2011. The Corporation is extending the expiry date of these warrants to March 5, 2012.

The TSX Venture Exchange as accepted notice of the extension of the expiry dates of the warrants subject to the issuance of this news release.

Firestone Ventures Inc. is a Canadian-based resource exploration and development company with zinc-lead-silver projects in Central America and Nevada, U.S.A. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

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.

For more information, please contact

Firestone Ventures Inc.
Lori Walton, P. Geol.
President
Toll Free: 1-888-221-5588
(780) 428-3476 (FAX)
info@firestoneventures.com
www.firestoneventures.com

The latest corporate presentation on Firestone Ventures (FV: TSX-V) complete with narration.

EDMONTON, ALBERTA–(Jan. 19, 2011) - Firestone Ventures Inc. (“Firestone” or the “Company”) (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased announce the appointment of Jamila Abassi, M.A., of Klohn Crippen Berger Ltd. as lead Corporate Social Responsibility Advisor for all of Firestone’s Guatemala projects.

Jamila Abassi is a cultural anthropologist with mineral industry experience in developing culturally appropriate stakeholder engagement programs and producing ISO 26000 aligned corporate social responsibility policies for both junior and senior mineral exploration companies. Jamila has led community relations and environment teams in North, Central and South America, Europe, and Australasia. She will manage the programs and processes to meet host-country and international benchmarks such as the Equator Principles and the IFC Performance Standards and will also provide guidance for stakeholder engagement and environmental management for Firestone’s exploration activities. Jamila is currently Manager of Socio-Environment and Sustainability, Mining Environment Group at Klohn Crippen Berger Ltd. in Brisbane, Australia.

In other corporate news, John Cleary has resigned as Vice President Exploration. Firestone wishes to thank him for his contribution to the company and is pleased to announce that he will continue advancing the company’s Nevada projects as a consultant.

Exploration Update – Nevada, U.S.A.

Black Mountain Zinc-Lead Property

Firestone recently announced the acquisition of the Black Mountain zinc-lead mineral claims, located 29 km northeast of Wells, Nevada, U.S.A. from Kinross Gold Corp. (see news release Dec. 1, 2010). Black Mountain is a road-accessible zinc-lead property hosted in carbonate rocks. The Black Mountain property is permitted for drilling and the company is in the process of planning a drill program to begin in spring, 2011.

Antelope Zinc-Lead-Silver Property

Firestone has defined a 4 km zinc-lead-silver corridor on the Company’s road-accessible Antelope property located 75 km southwest of Eureka, Nevada U.S.A. (see news release Sept. 23, 2010). Firestone has started the permitting process for a drill program. Timing will depend on the rigorous permitting process required to drill in a National Forest. Stratabound zinc-lead-silver mineralization is hosted in lower Ordovician Hanson Creek Formation dolomite and is spatially related to a north-south fault. The mineralized horizon dips shallow to the west where it is covered by younger Tertiary volcanic ash flows.

Exploration Update – Guatemala, Central America

Geological field crews in Guatemala have been working throughout the last six months of 2010 on a comprehensive zinc regional exploration program focused on a 250 km belt of Cretaceous to Permian carbonate hostrocks with oxide and sulphide zinc potential. The first of several compelling zinc-lead-silver targets, the Quetzal property in central Guatemala, was drilled earlier in 2010 (see news release June 24, 2010) and Firestone is having reconnaissance exploration success in targeting prospective carbonate horizons favorable for hosting Mississippi-Valley Type (MVT) zinc-lead-silver mineralization.

Regional exploration has resumed after the holiday break. Fieldwork will focus on property scale exploration work at one of the most promising project areas where rock samples collected by field crews returned up to 40.78% zinc, 6.21% lead and 42 g/t silver. Fieldwork will also continue on a regional basis.

At the Company’s Torlon Hill zinc-lead-silver deposit in western Guatemala, work is continuing on metallurgical testing, regional data compilation and community relations initiatives.

About the Torlon Hill Zinc-Lead-Silver Deposit

The 100% owned road-accessible Torlon Hill zinc-lead-silver deposit is 22 km from the Pan-American Highway in western Guatemala. Firestone was the first company to drill the property. Torlon Hill is an intensely oxidized zinc-lead (plus silver) deposit hosted in Permian dolostone breccia and limestone. The carbonate unit has been tectonically thrust over a serpentinized basement sequence at the boundary between the North American Tectonic Plate and the Caribbean Plate. The “tectonic crush zone” is pervasively mineralized with thick zones returning in excess of 10% zinc and locally up to 40%. Smithsonite (ZnCO₃) is the predominant ore mineral, occurring as a replacement to limestone. Throughout the deposit, silver-rich galena veinlets cross-cut the pervasive zinc-replacement mineralization.

To date, a total of 8,400 metres in 101 holes has been drilled at the Torlon Hill zinc-lead-silver deposit. The combined measured and indicated zinc-lead-silver oxide mineral resource totals 1,891,636 tonnes grading 7.32% zinc, 2.41% lead and 14.25 g/t silver (at a 3% zinc-equivalent cutoff). An additional 169,705 tonnes is classified as inferred resources grading 4.42% zinc, 1.96% lead and 12.53 g/t silver.

The Torlon deposit also contains a basal zone of unoxidized sulphide mineralization which is not yet well-defined by drilling. This basal zone includes a combined measured and indicated sulphide resource totalling 76,054 tonnes averaging 3.23% zinc, 2.6% lead and 12.50 g/t silver and a further 36,291 tonnes classified as inferred resources averaging 2.79% zinc, 2.03% lead and 10.47 g/t silver (see news release Nov. 18, 2008). The deposit is open to expansion and high-grade zinc mineralization defined by the mineral resource is on or near surface.

Rock samples from the regional zinc exploration program are sent to the BSI Inspectorate facility in Guatemala City for preparation and then sent by courier to the International Plasma Labs Ltd. (“IPL”) facility in Vancouver, British Columbia, Canada for analysis using 30 element ICP and 30g FA/AAS. Over limit zinc and lead analyses were further analyzed by atomic absorption methods. The upper limit for zinc is 20%, and samples containing more than this threshold were re-analyzed using titration. Soil and stream sediment samples are analyzed using 30 element ICP and 30 g FA/AAS.

Lori Walton, P.Geol., Firestone’s President, has reviewed and approved the technical content of this news release.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, “best-efforts” financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements.

For more information, please contact

Firestone Ventures Inc.
Lori Walton, P.Geol.
President
Toll Free: 1-888-221-5588
(780) 428-3476 (FAX)
info@firestoneventures.com
www.firestoneventures.com