Company Information for Firestone Ventures Inc

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Company Statement

Based in Edmonton, Alberta, Firestone Ventures Inc. is exploring and advancing the Torlon Hill zinc-lead project in Guatemala. Over the past three years, drilling by Firestone has encountered significant high-grade zinc over a large area. Exploration continues in 2009.

ZINC (Torlon Hill Project, Huehuetenango, Guatemala)

• 8,793 metres of drilling completed to date
• Preliminary NI 43-101 compliant resource estimate complete
• Deposit is open for expansion
• Preliminary metallurgical testing underway
• Firestone is well-positioned and budgeted for the 2009 winter/spring field season

KEY FACTORS DRIVING FIRESTONE’S GROWTH
In addition to our favorable cash position, here are some key factors contributing to our long-term growth and strength:

• Torlon Hill is road accessible and close to local supplies and services. Firestone has drilled 8,400 metres to date and has defined significant high grade zinc mineralization on and near-surface.
• We are funded to continue metallurgical studies; we are particularly excited by the potential of new, cost-effective technologies for processing of “zinc oxide” type mineralization.
• Watts, Griffis and McOuat Ltd. is working on a preliminary resource estimate for the area drilled to date at Torlon Hill. We look forward to expanding the preliminary resource and will continue exploration of the Permian carbonate host rock. More than 50% of Torlon Hill remains unexplored.
• We intend to maintain our large land position of 50 sq km. Our primary objective is to fully advance the project’s outstanding exploration and development potential.
• We will continue working closely with our local partners to ensure high quality of work and community involvement.
• We will pursue opportunities for strategic partnerships, and we will continue to evaluate additional zinc-lead projects to increase long-term shareholder value.

Current Operations

Firestone Ventures Reviews 2008 and Begins 2009 Field Season
Firestone made solid progress through 2008 in completing a third drill campaign for a total of 8,500 m drilled, releasing a NI 43-101 compliant resource estimate for the Torlon Hill zinc-lead-silver project, completing initial metallurgical testing and acquiring additional mineral properties prospective for zinc and lead. A key development in 2008 was the spin-out of Firestone's Canadian assets into Northern Tiger Resources Inc. This transaction substantially reduced Firestone's operating expenses and share dilution.

Lori Walton, President of Firestone Ventures, reports that the Torlon Hill field program for first half 2009 is designed to accommodate the current economic markets. "It allows us to move forward on low-cost key components of the overall program with most of the work being done by our in-house highly qualified personnel." says Walton. "In addition, we conducted data compilation and re-interpretation of historic data on our new properties in anticipation of field visits in February."

Surface exploration at Torlon Hill will involve mapping, prospecting, soil sampling and environmental baseline studies of the Torlon Hill area combined with aerial photography and production of digital topographical and orthophoto maps. Firestone is planning further metallurgical testwork to determine the optimal processing method for Torlon ore. The Company is also continuing its collaborative work with local communities on socio-economic initiatives, maintaining existing access roads and stream crossings and the coordination of local supplies and services. The 100% owned Torlon Hill zinc-lead-silver deposit is road-accessible and open to expansion.

TORLON HILL PROJECT - Zinc

• 41-hole, 3,493-metre drill program now complete.
• New zone of high-grade zinc discovered on west side of Torlon Hill.
• Significant intersections of high-grade zinc during drill campaign, with key
  assays from 3% to 42.3% zinc and 0.5% to 4.5% lead. Widths of mineralization ranged from 1.5 to 53 metres.
• Mineralization is mostly smithsonite (zinc) and lead carbonates with minor
  amounts of lead sulphide (galena).
• SGS Lakefield Limited to conduct preliminary metallurgical testing.

Geographical Spread

Guatemala

Board of Directors and Key Management

Lori Walton	President, CEO, Director
Ken Powell	Chairman of the Board, Director
Pamela Strand	Director
John Kowalchuk	Director
Greg Hayes	Chief Financial Officer
Peter Aubry	Advisor
Kristian Ross	Advisor
Carl Schulze	Consultant
John G. Cleary	Consultant

Company Address #220 17010 - 103rd Street Edmonton, Alberta, Canada T5S 1K7 Telephone: 888.221.5588 Facsimile: 780-428-3476 Email: info[at]firestoneventures.com Website: http://www.firestoneventures.com

Additional Address/Key Contact Investor Relations Contact: Email: info@firestoneventures.com Direct Tel: 888.221.5588   Geologist Contact: Lori Walton, President Email: lwalton@firestoneventures.com Direct Tel: 780-428-3465 Direct Fax: 780-428-3476

Capital Shares Issued: 70,459,757 Fully Diluted: 78,660,550

Year End 31 March

Related News

04/12/09 - Firestone Ventures Anticipates Exciting Drill Results In Guatemala Next Year
08/06/09 - Firestone Ventures Starts To Benefit From The Way In Which It Anticipated The Problems Of 2008
23/10/08 - Firestone Ventures Shows Its Peers How To Contend With A Bear Market
27/05/08 - Firestone Ventures May Bring Its Torlon Hill Zinc Project Into Production Just As The Metal Price Is Ablaze

Most Recent Statement

01/02/10 - Firestone Ventures Announces Results From Quetzal Zinc-Lead-Silver Project
08/01/10 - Firestone Ventures Completes Phase One Exploration Program for Zinc-Lead in Guatemala
10/11/09 - Firestone Ventures Provides Update on Zinc-Lead Exploration Program
09/09/09 - Firestone Ventures Announces Exploration Plans for Zinc Properties in Guatemala
16/07/09 - Firestone Ventures Defines New Zinc-Lead-Silver Soil Anomaly at Torlon Hill
19/06/09 - Firestone Ventures Announces Private Placement Closing