Firestone Ventures Inc.
TSX VENTURE : FV
FRANKFURT : F5V

Firestone Ventures Inc.

December 20, 2011 06:30 ET

Firestone Ventures Announces Executive Vice President Appointment

EDMONTON, ALBERTA--(Marketwire - Dec. 20, 2011) - Firestone Ventures Inc. ("Firestone") (TSX VENTURE:FV)(FRANKFURT:F5V) is pleased to announce the appointment of Ms. Pamela Strand, P.Geol., as Executive Vice President of the Company.

"Ms. Strand has been a Director of Firestone since 2004. Adding her expertise to our executive team will assist us in advancing the exploration and development of our zinc assets and in evaluating various opportunities and strategic initiatives to advance Firestone," says Lori Walton, President of Firestone Ventures Inc. "The market outlook for zinc is very positive due to several factors, including the upcoming end-of-life closures of several significant zinc mines. With Ms. Strand's increased involvement we plan to move forward aggressively in Guatemala to develop our zinc resources and create growth opportunities for our shareholders in advance of the upcoming zinc supply gap."

Ms. Strand is a Professional Geologist with over 25 years experience in the mining and exploration industry and has been involved in numerous corporate transactions involving St. Eugene Mining, Northern Tiger Resources, Kaminak Gold, Garson Gold, Grizzly Diamonds, and Takara Resources. Since 1997 Ms. Strand has held the position of President of Shear Diamonds Ltd., in addition to various advisory roles and director positions with numerous private and public companies. Ms. Strand has a M.Sc. in Economic Geology and is the current President of the NWT & Nunavut Chamber of Mines and is also a Director of the Alberta Chamber of Resources. She was recently profiled as a Deloitte Woman of Influence in 2011 and was a nominee for the Ernst & Young Entrepreneur of the Year in 2011. She has also received recognition for her environmental and community work in accepting the Thomas Kudloo Memorial Award in 2010 on behalf of Shear for commitment of care for the environment, the NTI Community Award and the Kivalliq Inuit Association environmental award.

Firestone Ventures is a mineral exploration company focused on finding and developing zinc-lead-silver deposits in Guatemala, Central America. Firestone owns a core zinc deposit, Torlon Hill, in western Guatemala and has first mover status in accumulating a substantial land portfolio in a historical carbonate-hosted zinc-lead-silver belt extending for 250 km across Guatemala.

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 unless required by law.

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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