Firestone Ventures Announces Private Placement Offering and Stock Option Grant

Firestone Ventures Inc. ("Firestone" or the "Corporation") (TSX
VENTURE:FV)(FRANKFURT:F5V) announces that it will be offering on a non-brokered
private placement basis common share units ("Units") and flow-through units ("FT
Units") at $0.06 per Unit and FT Unit for aggregate gross proceeds of up to
$300,000 (the "Offering"). Each Unit will consist of one common share and one
share purchase warrant ("Warrant") where each Warrant will have an exercise
price of $0.10 and an expiry date of 18 months. Each FT Unit will consist of one
flow-through common share and one half of a Warrant. Each whole Warrant will
have an exercise price of $0.10 and an expiry date of 18 months. Insiders of
Firestone will participate in the Offering. The securities to be issued will be
subject to a four month resale restriction. The net proceeds from the placement
will be used for exploration on existing properties and for general working
capital.


The Offering will be conducted in reliance upon certain prospectus and
registration exemptions. The Corporation may pay, in accordance with TSX Venture
Exchange policy, finder's fees to agents for obtaining subscriptions. Completion
of the Offering is subject to acceptance by the TSX Venture Exchange.


Firestone also announces the Corporation has issued 2,535,000 stock options to
directors, officers, consultants and employees with an exercise price of $0.10
per common share and an expiry date of two years from the date of the grant.


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).


FOR FURTHER INFORMATION PLEASE CONTACT: 
Firestone Ventures Inc.
Pamela Strand, P. Geol.
President
Toll Free: 1-888-221-5588
[phone] (FAX)
[e-mail]
www.firestoneventures.com