Firestone Ventures Inc.
TSX VENTURE : FV
FRANKFURT : F5V

Firestone Ventures Inc.

December 29, 2009 16:49 ET

Firestone Ventures Proposes to Extend Expiry Date of Outstanding Warrants

EDMONTON, ALBERTA--(Marketwire - Dec. 29, 2009) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to announce its intention to extend the expiry date of certain of its outstanding common share purchase warrants. In 2008, the Corporation issued 1,715,793 warrants with an exercise price of $0.50 per common share and expiring on January 14, 2010. The Corporation is proposing to extend the expiry date of such warrants until January 14, 2011. For further information on the original issuance of the warrants, please refer to the press releases of Firestone dated June 26, 2008 and July 14, 2008 filed on SEDAR at www.sedar.com.

The extension of the expiry dates of the warrants is subject to review and acceptance by the TSX Venture Exchange.

This news release may contain forward looking statements, being statements which are not historical facts, including, without limitation, statements regarding potential mineralization, exploration results, resource or reserve estimates, anticipated production or results, sales, revenues, costs, "best-efforts" financings or discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company's expectations are in Company documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com. The Company disclaims any intention or obligation to revise or update such statements.

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.

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