Firestone Ventures Inc.
TSX VENTURE : FV
FRANKFURT : F5V

Firestone Ventures Inc.

September 02, 2010 16:00 ET

Firestone Ventures Shareholder Rights Plan

EDMONTON, ALBERTA--(Marketwire - Sept. 2, 2010) - Firestone Ventures Inc. (TSX VENTURE:FV)(FRANKFURT:F5V) ("Firestone" or the "Company") announces that its Board of Directors has adopted a Shareholder Rights Plan (the "Plan"). 

The shareholders of Firestone had ratified a shareholder rights plan at a meeting held on November 14, 2006. It was the Company's intention to bring the existing shareholder rights plan forward to the shareholders for re-approval at the meeting held on February 25, 2010, but failed to do so pursuant to an administrative oversight and the shareholder rights plan has since expired. The new Plan is substantially the same as the shareholder rights plan approved on November 14, 2006. The new Plan can be viewed under the Company's profile at www.sedar.com.

The new Plan took effect on August 25, 2010 and will continue for a period of six months. In order to continue to be effective following this date, it will require ratification by the shareholders at Firestone's next annual meeting to be held on or before February 25, 2011.

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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