The only reasons for a degree of caution are the exceptional gains seen in 2009, which have left prices well in excess of marginal production costs. This could potentially lead to bouts of profit-taking (as seen in late January and early February of this year), but it is unlikely to precipitate a mass exodus from the sector. After a 1.56-million tonne surplus in 2009, aluminium is likely to witness a smaller oversupply this year, of 532,000 tonnes. That the market will remain in surplus is largely due to a 9.5 per cent rise in production to around 40.6 mt, as new capacity comes on stream in China and West Asia. The fact that the surplus is not larger is thanks to expected demand growth in China, and also improving consumption in the OECD countries, which could lead to a 13 per cent increase in global usage this year, to 40 mt.

For copper, the market’s fundamentals will improve during 2010, with a rebound in mature economy demand being a key driver. Further, tightness on the supply side will remain a feature, with continued potential for industrial action, low output due to a lack of investment earlier in the decade and lower ore grades. Consequently, after seeing an estimated surplus of 393,000 tonnes in 2009, Natixis forecast that the global balance would move into deficit this year, albeit a relatively small one at 142,000 tonnes.

Lead’s immediate fundamentals remain positive. Chinese demand should remain strong, and demand from the western world is believed to have recovered, in line with an improvement in battery demand. Chinese production is likely to be affected over the start of the year on tight concentrate availability and stoppages caused by cold weather and environmental upgrading.

The market for nickel will finally return to deficit in 2011. A sharp demand-side recovery is expected to limit the 2010 surplus to 16,000 tonnes. Nickel demand is expected to rebound by as much as 10.3 per cent this year, with much of it expected to take place in the second part of the year. Thanks to a near 10 per cent increase in global zinc demand, the shift is back to broad balance, with the prospect of rising deficits in years to come. The zinc market will face a deficit of over 200,000 tonnes.

http://www.business-standard.com/india/news/fundamentals-turn-favourable-for-base-metals/386720/

EDMONTON, ALBERTA--(Marketwire - Feb. 24, 2010) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) ("Firestone" or the "Company") announced today that it has retained AGORACOM Investor Relations Corp. ("AGORACOM") to provide strategic investor relations consulting services to the company. AGORACOM will provide marketing and branding services to raise awareness amongst prospective investors and the investment community as a whole. Effective immediately, Firestone's Investor Relations Hub will be available at http://agoracom.com/ir/Firestone.

The Company will pay AGORACOM a monthly fee of $3,000 for professional services for a period of 12 months (beginning in February, 2010) and issue 420,000 stock options at a price of $0.17 per share. The agreement is subject to acceptance by the TSX Venture Exchange.

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.

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--(Feb. 8, 2010) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) ("Firestone" or the "Company") is pleased to announce that it is making an application to the TSX Venture Exchange (the "Exchange") for approval of an incentive program to encourage the early exercise of warrants issued in June 2009 (the "June 2009 Warrants"). This incentive offer is applicable to 13,500,000 Warrants, which can be exercised at a price of $0.15 per share for aggregate gross proceeds of $2,025,000. The proceeds from the early exercise of the June 2009 Warrants will be used to fund exploration expenditures and for general working capital purposes.

Early Warrant Exercise

The June 2009 Warrants were issued as part of a private placement completed on June 19, 2009 and expire on June 19, 2011. In order to encourage the early exercise of the June 2009 Warrants, the Company is seeking Exchange approval to amend the terms of the June 2009 Warrants such that each warrantholder who exercises its June 2009 Warrants shall receive one unit (in lieu of one common share) consisting of one common share and one-half of one warrant (each whole warrant, a "2010 Warrant"). Each 2010 Warrant shall allow the holder to acquire one common share of the capital of the Company at an exercise price of $0.20 for a period of 12 months following the date of the issuance of the units. The incentive program is subject to the approval of the Exchange. Provided approval has been received, Firestone expects to give notice to the holders of the June 2009 Warrants providing for exercise within a 10-trading day period thereafter (the "Exercise Deadline"). The 2010 Warrants will be subject to a four-month hold period. If a holder of the June 2009 Warrants does not exercise the amended June 2009 Warrants by the Exercise Deadline, the amended June 2009 Warrants shall continue to be exercisable for common shares of the Company on their original terms.

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.

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.

Jan. 8, 2010 - Firestone Ventures Inc. (FV:TSX-V; F5V:FSE) is pleased to announce that the first phase of its 2009/2010 zinc-lead-silver regional mineral exploration program is now complete. Field crews collected a total of 149 rock samples, 26 stream sediment samples and 1,033 soil samples from the Company's land holdings in western and central Guatemala. Results are expected in January, 2010 and targets for follow-up exploration and potential drilling will be prioritized. Field crews will remobilize in mid-January to continue with regional exploration mapping and sampling programs concurrent with targeted drilling.

In addition, consultants Watts, Griffis and McOuat Limited completed processing of Aster satellite data to map colour anomalies on the ground that compared favorably with areas of known zinc mineralization, such as the Torlon Hill zinc-lead-silver deposit. The spectral analysis resulted in the detection of anomalies along the carbonate belt, some of which have been selected for follow-up sampling on the ground.

"Field crews concentrated on the geological mapping and sampling of selected historic zinc occurrences," says Lori Walton, President of Firestone Ventures Inc. "We are very excited about identifying new drill targets in Guatemala in addition to in-fill and expansion drilling at our Torlon Hill zinc-lead-silver deposit. The increase in the prices of zinc and lead since the economic collapse in late 2008 has been remarkable and Firestone is ideally positioned to benefit from strengthened demand for these metals."

The price of zinc has increased from USD $0.55/lb (USD $1213/tonne) in early 2009 to the current price of over USD $1.15/lb (USD $2535/tonne). Global consumption of zinc has increased with economic recovery and massive construction and infrastructure programs introduced through economic stimulus programs in several countries.

Zinc's most important industrial use is to protect steel from corrosion (through alloying or galvanizing) to make it last longer. The average automobile contains over 40 pounds of zinc. Zinc is also used to make sheet metal roofing material, pails, garbage cans, door handles and batteries and is used in oxide form as a filler in rubber and as an additive in sunscreen. Zinc is an essential element in the human body and is vital for healthy growth in children.

Zinc Potential in Guatemala
A belt of Permian to Cretaceous carbonate rocks extending over 200 km across western and central Guatemala hosts numerous zinc occurrences and historic small-scale zinc oxide and sulphide mines. The district is virtually unexplored using modern exploration methods and its exploration and economic potential is considered excellent. On a global scale, a comparison of style and geological setting shows striking similarities of the zinc-lead district in Guatemala to economically significant zinc districts in Yemen, Iran and China.

Independent consultants Watts, Griffis and McOuat Limited state that it is "very likely" that additional non-sulphide zinc will be found through on-going systematic exploration of Firestone's large land package totalling over 500 square kilometres in key areas of the historic zinc districts. In addition, the regional setting has considerable potential for conventional Mississippi Valley-Type (MVT) zinc-lead sulphide mineralization. MVT deposits typically occur in clusters or districts with multiple deposits over hundreds of square kilometers having similar geological settings.


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 dolostone and 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 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. The 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.

The Company is continuing collaborative work with local communities on social-economic initiatives, upgrading existing access roads and stream crossings along with the coordination of local supplies and services.

The news release has been reviewed and approved by John Cleary, (CPG), Qualified Person for the Torlon Hill project and by Al Workman, P.Geo., Vice President of Watts, Griffis and McOuat Limited and the Independent Qualified Person for the project in accordance with regulations under National Instrument 43-101.

Lori Walton, P. Geol., President
info@firestoneventures.com
Toll Free: 1-888-221-5588
Fax: (780) 428-3476
www.firestoneventures.com
Trading Symbol: FV:TSX-V;F5V: FSE

For Investor Relations please call: Contact Financial Inc. at (604) 689-7422

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. 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 - (Sept. 17, 2008) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) has successfully completed an initial phase metallurgical testing of the Torlon Hill zinc-lead project mineralization.

"We are pleased with the initial test results from SGS Lakefield on the Torlon zinc-lead mineralization and are continuing to work with SGS Lakefield on additional metallurgical studies. We are also currently looking at several alternative processing technologies to optimize zinc extraction," says Lori Walton, President of Firestone Ventures Inc. "As predicted, the supply gap for zinc decreased in 2008, but the long term outlook for zinc remains strong and the metallurgical testwork we have commissioned will significantly advance the development of the Torlon project."

A composite metallurgical test sample returning an average grade of 11.3% zinc and 3.97% lead was used for the SGS metallurgical testwork. The mineralized sample responded positively to dense media separation ("DMS") and at a specific gravity of 2.9 it was possible to eliminate 55% of the acid consuming calcium phase in the material with losses of only 5% of the lead and 8% of the zinc. Flotation testwork produced zinc and lead recoveries up to 79% and 82%, respectively. The final lead concentrate grade was in excess of 60% lead. Zinc concentrate grades ranged from 30-40% and additional work is underway to examine options for producing an upgraded zinc product. These tests are preliminary and further optimization of concentrate grades and recoveries are expected. Consulting firm Watts, Griffis and McOuat Limited ("WGM") is overseeing the metallurgical testwork in collaboration with Firestone personnel.

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, but minor amounts of a hydrous zinc-carbonate (hydrozincite) and hydrated zinc-silicate (hemimorphite) are seen locally in the weathering zone. The lead-carbonate mineral cerussite is important locally. There is no evidence of deleterious zinc-clay minerals such as sauconite. Traces of sphalerite have been found in a sulphide (mostly galena-pyrite) zone at the base of the deposit. Silver-rich galena veinlets cross-cut the pervasive zinc-replacement mineralization.

Torlon Hill is an intensely oxidized zinc-lead (plus silver) mineralized body 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% and locally up to 40% zinc. The tectonic setting of Torlon Hill, near the suture between the North American tectonic plate and the Caribbean tectonic plate, is likely the causative factor for mineralization. The area surrounding Torlon Hill has very high potential for hosting additional structurally controlled non-sulphide zinc deposits in addition to conventional Mississippi Valley-Type mineralization.

The zinc-lead (plus silver) mineralization at Torlon Hill is contained within a shallowly southeast-dipping body measuring approximately 400 metres long, 20 to 100 metres wide and up to 30 metres thick. Previous high-grade drill intersections include 25 metres of 26.77% zinc, 1.42% lead, 5.98% silver and 53.3 metres of 9.66% zinc, 1.86% lead and 12.21 g/t silver (see news release dated Oct. 4, 2007). Most mineralization defined by drilling to date occurs on or near surface. The deposit is still open to expansion, mainly to the west and south.

In other news, Firestone is pleased to announce that it has signed a Memorandum of Understanding to acquire 100% interest in certain mineral properties in Guatemala. The company has begun a detailed due diligence program on the properties and additional details will be released upon signing of the Final Agreement.

This news release has been reviewed and approved by J. Cleary, CPG, Qualified Person, Al Workman, P.Geo., Vice President of Watts, Griffis and McOuat Limited and D. Koningen, P.Eng. The road-accessible Torlon Hill project is located 18 kilometres northwest of the city of Huehuetenango, which is situated on the Pan-American Highway in western Guatemala.

Firestone Ventures Inc. is a Canadian-based resource exploration and development company. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

The TSX Venture Exchange does not accept 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
Email: info@firestoneventures.com
Website: www.firestoneventures.com

or

Contact Financial Inc.
Investor Relations
(604) 689-7422
Email: FV@agoracom.com
Website: www.agoracom.com/IR/Firestone

Dear Shareholders,

Hole     Total Depth of     From       To    Width       Zn      Pb      Ag
Number     Hole (metres) (metres) (metres) (metres)      (%)     (%)   (g/t)
TH08-88          149.35    56.00    74.00    18.00     5.08    3.69   31.00
              including    68.00    72.00     4.00    13.18    5.37   27.00
                           86.00   104.00    18.00     6.85    2.69   18.00
              including    90.00    94.00     4.00    16.15    1.15   17.00
TH08-89          147.52    50.00    56.00     6.00     5.39    1.88   14.00
                           96.00    98.00     2.00     0.19    3.29    9.00
TH08-90          156.66    68.58    71.62     3.04    13.71    3.96   74.00
              including    68.58    70.10     1.52    23.20    4.91  137.00
                           89.91    91.44     1.53     1.48    1.34   41.00
TH08-93           91.46    53.64    55.00     1.36     3.40    6.10   15.00

Detailed drill hole specifications, significant intersections, a drill hole location map, previous news releases, project summary and photos are available at www.firestoneventures.com.

"This is an excellent finish to the drill program. Especially encouraging are the high grades and thicknesses in holes 88, 89 and 90, which significantly expand the zone of buried zinc mineralization. Also encouraging is the intersection of ore-grade mineralization in the south part of Torlon Hill," says Lori Walton, President of Firestone Ventures Inc.

Holes TH08-88, 89, and 90 were designed to offset the zinc-lead mineralization intersected in hole TH07-53. All three holes had significant intersections of ore-grade zinc-lead mineralization, which are summarized in the table above. These results confirm and extend the zone encountered in hole 53 to the north and south. Holes TH08-86A and 87 encountered a zone 64 to 68 meters thick with strongly anomalous zinc + lead ranging from 1,000 ppm to 8,700 ppm (0.1 to 0.87%).

Holes TH08-91 to 101 were drilled farther to the south to test surface zinc and lead soil anomalies. The holes were spaced 50 to 100 meters apart in order to make a first pass test of the soil anomalies, which extend 400 meters south of the Torlon mineralization. Hole TH08-93 intersected 1.36 meters of 3.40% zinc and 6.10% lead. The remaining holes all intersected zones of strongly anomalous zinc and lead ranging from 1,000 ppm to 6,500 ppm zinc + lead (0.1 to 0.65%).

Mineralization at the intensely oxidized Torlon Hill deposit consists largely of smithsonite (a zinc carbonate mineral) cross-cut by galena (lead sulphide) veinlets. The deposit is contained within a shallowly southeast-dipping body measuring approximately 400 metres long, 20 to 100 metres wide and up to 30 metres thick. Previous high-grade drill intersections include 25 metres of 26.77% zinc, 1.42% lead, 5.98% silver and 53.3 metres of 9.66% zinc, 1.86% lead and 12.21 g/t silver (see news release dated Oct. 4, 2007). Most mineralization defined by drilling to date occurs on or near surface. The deposit is still open to expansion, mainly to the west and south.

This news release has been reviewed and approved by J. Cleary, CPG, Qualified Person and by Al Workman, P.Geo., Vice President of Watts, Griffis and McOuat Limited. The road-accessible Torlon Hill project is located 18 kilometres northwest of the city of Huehuetenango, which is situated on the Pan-American Highway in western Guatemala. Sample preparation, quality control and analytical techniques have been described previously (see March 19, 2008 news release). All samples were analyzed by ALS Chemex in Vancouver, B.C.

Firestone Ventures Inc. is a well-financed Canadian-based resource exploration and development company. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

The TSX Venture Exchange does not accept 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
Email: info@firestoneventures.com
Website: www.firestoneventures.com

or

Contact Financial Inc.
Investor Relations
(604) 689-7422
Email: FV@agoracom.com
Website: www.agoracom.com/IR/Firestone

EDMONTON, ALBERTA - (June 27, 2008) - Firestone Ventures Inc. ("Firestone") (TSX VENTURE:FV)(FRANKFURT:F5V) and Northern Tiger Resources Inc. ("Northern Tiger") (TSX VENTURE:NTR) are pleased to announce that the plan of arrangement (the "Arrangement") has been completed, and Northern Tiger has closed its private placement and completed its acquisition agreement with Sherwood Copper Corporation's wholly owned subsidiary Minto Explorations Ltd. ("MintoEx") as announced on June 23, 2008 and before.

All necessary documents have been filed with the Alberta Registrar of Corporations in order to complete the Arrangement and all necessary steps have been taken to ensure that each Firestone shareholder will receive one (1) common share in Northern Tiger ("Northern Tiger Shares") for every five (5) common shares held in Firestone ("Firestone Shares").

Northern Tiger is also pleased to announce that it has closed its non-brokered private placement ("Private Placement") of flow-through common shares ("Flow-Through Common Shares") and units consisting of one (1) Northern Tiger Share and one-half (1/2) of one (1) non-transferrable purchase warrant entitling the holder to purchase an additional Northern Tiger Share at $0.45 for a period of twenty-four (24) months from the date of issuance ("Units").

Under the Private Placement, 5,300,915 Flow-Through Common Shares and 1,717,686 Units were issued for gross proceeds of $2,264,608. Of the total, $650,000 was raised through the sale of 1,969,696 Flow-Through Common Shares to MineralFields Group. In completing the private placement, Northern Tiger has paid finders' fees totaling $65,000 dollars. It is anticipated that Northern Tiger will use the proceeds to advance the mineral properties acquired from Firestone and MintoEx, identify and evaluate other targets in the Dawson Range, and for general corporate purposes.

As a result of the closing of the Arrangement and the Private Placement, the TSX Venture Exchange (the "Exchange") has confirmed that the Northern Tiger Shares will be listed and commence trading on the Exchange under the symbol NTR on June 30, 2008.

Northern Tiger further announces that the closing of the previously announced transaction with MintoEx. As part of the transaction, MintoEx transferred to Northern Tiger a one hundred (100%) percent interest in five Dawson Range exploration properties and an extensive historical exploration database for the region. The five properties encompass exploration targets where previous prospecting encountered copper-gold mineralization similar to that hosting MintoEx's nearby Minto mine. In addition, Northern Tiger and MintoEx have entered into a Regional Exploration Alliance Agreement ("REAA"), which provides for input and cooperation on planning and executing exploration programs and long term strategies for the area, sharing of proprietary technical expertise to assist in exploration and project advancement, and access to MintoEx's infrastructure to facilitate area exploration.

As consideration for the transfer of the exploration properties, historical database and the support provided to Northern Tiger through the REAA, Northern Tiger has issued to MintoEx 4,343,878 Northern Tiger Shares at a deemed price of $0.30 per share, such shares to be held in escrow pursuant to a TSX Venture Exchange Form 5D Value Security Escrow Agreement.

For additional information, shareholders are referred to Firestone's website at www.firestoneventures.com .

Firestone Ventures Inc. is a well-financed Canadian-based resource exploration and development company focused on its high grade zinc-lead-silver project in Guatemala. Firestone Shares are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

Northern Tiger Resources Inc. is a well-financed Canadian-based resource exploration and development company focused on the rapidly developing Dawson Range in the Central Yukon. Northern Tiger Shares are expected to be listed on the TSX Venture Exchange (symbol NTR) on June 30, 2008.

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities(R), a division of Limited Market Dealer Inc., is active in resources financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.

MintoEx operates the Minto copper-gold mine and is a wholly owned subsidiary of Sherwood Copper Corp. (symbol SWC), a TSX-V listed mining company.

The TSX Venture Exchange does not accept 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
Email: info@firestoneventures.com
Website: www.firestoneventures.com

or

Contact Financial Inc.
Investor Relations
(604) 689-7422
Email: FV@agoracom.com.
Website: www.agoracom.com/IR/Firestone

EDMONTON, ALBERTA - (June 23, 2008) - Further to its earlier announcements, including its last announcement of June 13, 2008, Firestone Ventures Inc. ("Firestone" or the "Company") (TSX VENTURE: FV) (FRANKFURT: F5V) is pleased to announce that at the Special Meeting of shareholders held earlier today, shareholders of Firestone approved the plan of arrangement (the "Arrangement"), whereby the Company will spin out its Sonora Gulch, Chopin and Alberta Sun properties (the "Spin-off Properties") to Northern Tiger Resources Inc. ("Northern Tiger"). In addition, it is anticipated that Northern Tiger will complete its acquisition agreement with Sherwood Copper Corporation's wholly owned subsidiary Minto Explorations Ltd. and close its previously announced private placement upon completion of the Arrangement.

Firestone is also pleased to announce that it has received the final order of the Alberta Court of Queen's Bench, dated June 23, 2008, approving the Arrangement. Upon closing of the Arrangement and related transactions, the Court approved documents will be filed with the Alberta Registrar of Corporations to complete the Arrangement and each Firestone shareholder who was a shareholder of record on June 20, 2008, the Share Distribution Record Date, will receive one common share in Northern Tiger for every five common shares held in Firestone.

Northern Tiger has made application for, and received conditional acceptance for, listing of its shares on the TSX Venture Exchange (the "Exchange"). Upon completion of the Arrangement and assuming final acceptance by the Exchange, the Northern Tiger shares will be distributed, at which time it is anticipated that such shares will be listed and that trading on the Exchange will commence under the symbol "NTR". The Company will disseminate a further news release prior to the start of trading of Northern Tiger.

The requested trading halt of Firestone shares, in place since the close of trading on June 16, 2008, will be removed and the common shares of Firestone will resume trading on Tuesday, June 24, 2008 at market opening. Firestone anticipates that the closing of the Arrangement and related transactions will occur by June 24, 2008.

For additional information, shareholders are referred to Firestone's website at www.firestoneventures.com .

Firestone Ventures Inc. is a well-financed Canadian-based resource exploration and development company with zinc, gold and uranium projects in Western Canada and Central America. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

The TSX Venture Exchange does not accept 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
Email: info@firestoneventures.com
Website: www.firestoneventures.com

or

Contact Financial Inc.
Investor Relations
(604) 689-7422
Email: FV@agoracom.com
Website: www.agoracom.com/IR/Firestone

As previously disclosed, Firestone shareholders of record on June 20, 2008, the Share Distribution Record Date, will participate in the proposed plan of arrangement (the "Arrangement") and be entitled to receive one common share in Northern Tiger Resources Inc. ("Northern Tiger") for every five common shares held in Firestone.

As any shareholder acquiring shares in Firestone after the June 16, 2008 trading halt will not participate in the Arrangement and the distribution of Northern Tiger shares, the Company has requested the halt of trading of its shares until after its shareholders have had the opportunity to consider the Arrangement at the special meeting of shareholders to be held on June 23, 2008 (the "Meeting").

Firestone anticipates that trading of its shares will resume shortly following the Meeting and the closing of the Arrangement and related transactions, at which time the Company will disseminate a further news release.

For additional information, shareholders are referred to Firestone's website at www.firestoneventures.com .

Firestone Ventures Inc. is a well-financed Canadian-based resource exploration and development company with zinc, gold and uranium projects in Western Canada and Central America. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

Investors can also visit www.agoracom.com/IR/Firestone or email questions to FV@agoracom.com .

The TSX Venture Exchange does not accept 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
Email: info@firestoneventures.com
Website: www.firestoneventures.com

or

Contact Financial Inc.
Investor Relations
(604) 689-7422

Significant intersections from drill holes TH08-81 to TH08-85 are listed below:

Holes TH08-81 to TH08-85 were infill and expansion holes drilled along the eastern and southern boundary of the main "Bulge" area of surface zinc mineralization. Hole TH08-86 was lost when the drill string twisted off at 82 meters and the hole did not reach the target depth of 120 meters; the hole was re-drilled as TH08-86A. Results are pending from drill holes TH08-86A to 90, drilled in the area around last year's drill hole TH07-53, which intersected 42.5 metres grading 9.7% zinc, 4.7% lead and 20 g/t silver at 55.5 metre depth. The remaining drill holes, TH08-91 to TH08-101 were drilled at a wide spacing to test zinc-lead soil anomalies south of the previously drilled area.

A map showing the drill hole locations is available at www.firestoneventures.com, along with drill hole specifications.

Mineralization at the intensely oxidized Torlon Hill deposit consists largely of smithsonite (a zinc carbonate mineral) cross-cut by galena (lead sulphide) veinlets. The deposit is contained within a shallowly southeast-dipping body measuring approximately 400 metres long, 20 to 100 metres wide and up to 30 metres thick. Previous high-grade drill intersections include 25 metres of 26.77% zinc, 1.42% lead, 5.98% silver and 53.3 metres of 9.66% zinc, 1.86% lead and 12.21 g/t silver (see news release dated Oct. 4, 2007). Most mineralization defined by drilling to date occurs on or near surface. The deposit is still open to expansion, mainly to the west and south.

This news release has been reviewed and approved by J. Cleary, CPG, Qualified Person and by Al Workman, P.Geo., Vice President of Watts, Griffis and McOuat Limited. The road-accessible Torlon Hill project is located 18 kilometres northwest of the city of Huehuetenango, which is situated on the Pan-American Highway in western Guatemala. Sample preparation, quality control and analytical techniques have been described previously (see March 19, 2008 news release). All samples were analyzed by ALS Chemex in Vancouver, B.C.

Firestone Ventures Inc. is a well-financed Canadian-based resource exploration and development company with zinc, gold and uranium projects in Western Canada and Central America. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

The TSX Venture Exchange does not accept 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
Email: info@firestoneventures.com
Website: www.firestoneventures.com

or

Contact Financial Inc.
Investor Relations
(604) 689-7422
Email: FV@agoracom.com
Website: www.agoracom.com/IR/Firestone