Firestone Ventures Inc.

Firestone Ventures Inc.

March 14, 2005 17:21 ET

Firestone Ventures Expands Alberta Sun Uranium Property, Drilling Starts at Louise Lake Property


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FIRESTONE VENTURES INC.

TSX VENTURE SYMBOL: FV

MARCH 14, 2005 - 17:21 ET

Firestone Ventures Expands Alberta Sun Uranium
Property, Drilling Starts at Louise Lake Property

EDMONTON, ALBERTA--(CCNMatthews - March 14, 2005) - Firestone Ventures
Inc. (TSX VENTURE:FV) is pleased to announce that it has applied for
four additional Alberta Metallic and Industrial Minerals Permits in the
Alberta Sun uranium project area (see news release of March 4, 2005).
The total land package, 100% controlled by Firestone Ventures, now
exceeds 95,000 acres (384 square km). All permit areas are easily
accessible and are located between 30 km south of Fort Mcleod in
southwestern Alberta and the Canada/U.S. border.

The new permits were acquired on the basis of favorable geology and
structure within Tertiary fluvial sandstones of the Willow Creek
Formation known to contain uranium values greater than 2,000 ppm from
rock samples with associated vanadium and molybdenum. (Alberta
Geological Survey Open File Report 1994-8).

"We are looking forward to our initial evaluation of the Alberta Sun
uranium occurrence. This will take place in mid-March after which we
will conduct a more detailed analysis in preparation for a drill
program," said Lori Walton, Firestone's President.

In other news, Firestone Ventures is pleased to note that North American
Gem Inc. has commenced diamond drilling on its road-accessible Louise
Lake copper-gold-molybdenum project located 35 km west of Smithers,
British Columbia. North American Gem is earning up to a 75% interest in
the property from Firestone Ventures Inc. Phase I drilling will consist
of 2,100 m of NQ core diamond drilling in six holes. A drill plan is
located on the North American Gem Inc. website at
www.northamericangem.com.

This news release has been reviewed by Glenn Hartley, P. Geol.,
Qualified Person for the Alberta Sun property, in accordance with
regulations under National Instrument 43-101. It should be noted that
Firestone Ventures is commencing due diligence work on the Alberta Sun
uranium project and has not verified any of the uranium results reported
in this press release.

Firestone Ventures Inc. is a public company listed on the TSX Venture
Exchange. The company's mandate is the acquisition and exploration of a
diverse portfolio of high quality mineral properties.


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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Firestone Ventures Inc.
    Lori Walton
    President
    (780) 428-3465 or Toll Free: 1-888-221-5588
    (780) 428-3476 (FAX)
    info@firestoneventures.com
    www.firestoneventures.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.