Firestone Ventures Announces Share Consolidation

Firestone Ventures Inc. (the "Corporation") (TSX VENTURE:FV)(FRANKFURT:F5V)
announces that the TSX Venture Exchange has accepted notice of the share
consolidation that was approved by the shareholders at the Annual and Special
Meeting held on June 7, 2012.


Effective at the opening of trading on August 27, 2012, the Corporation will
trade on a consolidated basis of one new Common Share for every five Common
Shares currently issued and outstanding. The trading symbol will remain the
same: FV. On a post-consolidated basis, there will be 42,150,337 common shares
issued and outstanding.


The Transfer Agent, Valiant Trust Company, will issue letters of transmittal to
shareholders who wish to receive new share certificates.


Firestone's core business is exploration for zinc in the Americas, primarily
focused on Guatemala. Firestone has assembled a 700 km2 land package in the
Guatemala zinc belt which has seen little modern exploration. The Company is
conducting regional exploration programs for zinc-lead-silver mineralization and
is currently compiling historical and current data into a single digital
database.