Firestone Extends Expiry Date of Outstanding Warrants

EDMONTON, ALBERTA -- (Marketwire) -- 03/02/11 -- Firestone Ventures Inc. (TSX VENTURE: FV)(FRANKFURT: F5V) is pleased to announce it has extended the expiry date of certain of its outstanding common share purchase warrants. In March 2010, the Corporation issued 6,250,000 warrants with an exercise price of $0.20 per common share and an expiration date of March 5, 2011. The Corporation is extending the expiry date of these warrants to March 5, 2012.

The TSX Venture Exchange as accepted notice of the extension of the expiry dates of the warrants subject to the issuance of this news release.

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).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

Firestone Ventures Inc.

Lori Walton, P. Geol.

President

Toll Free: 1-888-221-5588

(780) 428-3476 (FAX)
info@firestoneventures.com
www.firestoneventures.com