CORRECTION FROM SOURCE: Firestone Ventures Announces Share Consolidation

The following corrects and replaces the release issued at 9:00 am ET on August
24, 2012 for Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V). The news
release issued this morning had the incorrect number of shares listed.


Firestone Ventures Inc. (the "Corporation") 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 24,943,951 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.

Firestone Ventures (TSXV:FV)
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