Firestone Ventures Inc.
TSX VENTURE : FV
FRANKFURT : F5V

Firestone Ventures Inc.

October 10, 2007 16:36 ET

Firestone Ventures Intersects 817.0 g/t Silver Across 2.0 metres at Sonora Project, Yukon

EDMONTON, ALBERTA--(Marketwire - Oct. 10, 2007) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) has received and compiled assay results from Holes SG-07-13 through SG-07-17, all targeting the Amadeus Zone on the Company's Sonora gold-silver-copper property, located 110 km northwest of Carmacks, Yukon Territory, Canada. The 2007 program consisted of 2,024.9 metres of diamond drilling in 12 holes testing three major target areas. Results are still pending for five drill holes, including four short holes drilled into the Jupiter Zone on the west side of the Sonora Property.

Holes SG-07-13 through SG-07-16 inclusive, drilled near Discovery Hole SG-06-06 (15.3 metres of 6.21 g/t gold, see Jan. 15, 2007 news release), all returned intervals of low-grade gold and/or silver mineralization. The majority of samples taken throughout these holes returned anomalous gold and silver values, with many also returning anomalous bismuth and strongly anomalous antimony values.

In addition, short intervals of moderate to high grade lead-zinc-silver mineralization, commonly with anomalous gold values, were returned from most of these holes, the best being a 2.0 metre intercept of 817 g/t (26.26 opt) silver, 1.12 g/t gold, 0.27% antimony, 0.37% copper, 1.58% lead and 0.30% zinc from Hole SG-07-16.

Hole SG-07-17, collared 200 metres west of the Discovery Hole, returned a 2.0 metre sample of 91.7 g/t (2.95 opt) silver with 0.464 g/t gold and 0.93% lead. This hole also returned anomalous copper values and strongly anomalous molybdenum values across much of its extent, the latter occurring as quartz-molybdenum veining.

Sizable mineralized intercepts are listed below in Table 1.



Table 1: Mineralized Intercepts, Holes SG-07-13 through SG-07-17
--------------------------------------------------------------------------
Width Gold Silver Copper Lead Zinc
Hole Interval (m) (m) (g/t) (g/t) (%)(i) (%)(i) (%)(i)
--------------------------------------------------------------------------
SG-07-13 174.8 to 182.8m 8.0 0.343 24.5
--------------------------------------------------------------------------
Includes: 2.0 0.575 82.7 0.45 1.06
178.8 to 180.8m
--------------------------------------------------------------------------
214.8 to 220.8m 6.0 0.229 53.2
--------------------------------------------------------------------------
SG-07-14 188.2 to 203.1m 14.9 0.493 8.1
--------------------------------------------------------------------------
Includes: 2.0 1.93 30.0
197.1 to 199.1m
--------------------------------------------------------------------------
SG-07-15 132.7 to 142.7m 10.0 0.294 3.6
--------------------------------------------------------------------------
SG-06-16 91.5 to 99.5m 8.0 0.291 24.9
--------------------------------------------------------------------------
120.0 to 122.0m 2.0 1.12 817.0 0.37 1.58 0.30
--------------------------------------------------------------------------
186.2 to 195.5m 9.3 0.355 14.7
--------------------------------------------------------------------------
235.9 to 241.9m 6.0 0.107 50.8
--------------------------------------------------------------------------
Includes: 2.0 0.079 97.0 0.15 0.20 0.17
237.9 to 239.9m
--------------------------------------------------------------------------
SG-07-17 7.1 to 9.1m 2.0 0.464 91.7 0.11 0.93 0.09
--------------------------------------------------------------------------
(i) shown where significant


The Sonora gold-silver-copper property is characterized by its multiple styles of gold mineralization, geological setting and intriguing gold-bismuth-tellurium geochemical signature. The Sonora property lies within the "Dawson Range Copper-Gold-Silver District" in west-central Yukon Territory. Placer gold mining has operated periodically on streams draining the Sonora property; angular gold nuggets have been recovered from placer concentrates. The start of production at the Minto Mine just 40 km from Sonora, the proposed new power line, including a spur to the mine, and the numerous drill programs carried out in the Dawson Range area in 2007, are all positive developments for the district. Firestone is earning in for an 80% interest in the Sonora property.

This News Release has been reviewed and approved by Carl Schulze, BSc, PGeo, Qualified Person for the property, in accordance with regulations under National Instrument 43-101. All samples are being analyzed by ALS Chemex labs of North Vancouver, British Columbia, Canada. A fact sheet on the Sonora property, property location map and previous news releases are available at www.firestoneventures.com.

Firestone Ventures Inc. is a well-financed Canadian-based resource exploration and development company with zinc, gold and uranium projects in Western Canada and Central America. The common shares of the Company are currently listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange (symbol F5V).

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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