Firestone Ventures Announces Non-Brokered Private Placement

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 10,000,000 units ("Units") at a
subscription price of $0.05 per Unit for gross proceeds of up to C$500,000. 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. The common shares of
the Company are currently listed on the TSX Venture Exchange (symbol FV) and the
Frankfurt Stock Exchange (symbol F5V).