Firestone Ventures Clarifies Private Placement Finders Fees

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).

Firestone Ventures (TSXV:FV)
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