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Thu 17 Jun 2010, 8:59 FSE - Firestone Energy Limited - Progress on replacement of managing Director
FSE
FSE                                                                             
FSE - Firestone Energy Limited - Progress on replacement of managing Director   
FIRESTONE ENERGY LIMITED                                                        
(formerly Centralian Minerals Limited)                                          
(Registration number: ABN 058 436 794)                                          
(SA company registration number: 200/023973/10                                  
Share code on the JSE: FSE                                                      
Share code on the ASX: FSE                                                      
ISIN: AU000000FSE6                                                              
("FSE" or "the Company")                                                        
Progress on replacement of Managing Director                                    
Perth and Johannesburg                                                          
Firestone Energy Limited (ASX/ JSE:FSE) wishes to announce that it is in        
advanced discussions with potential candidates to succeed Mr John Wallington as 
the Company`s Managing Director.                                                
In the interim the Company has constituted an executive committee consisting of 
Mr John Dreyer as Chairman, Ms Amanda Matthee who will oversee the day to day   
running of the South African office and Mr Colin McIntyre who will concentrate  
on technical matters. Mr John Wallington will continue to take responsibility   
for the finalisation of the bankable feasibility Study which is expected to be  
completed on schedule in July 2010.                                             
Further information can be obtained by contacting Mr John Dreyer.               
Mr John Dreyer Chairman +61 (08) 9381-2755 www.firestoneenergy.com.au           
About Firestone Energy                                                          
Firestone Energy is an independent Australian exploration company focused on    
developing coal projects in South Africa. The company is currently exploring the
richly endowed Waterberg coal field in the Limpopo Province of South Africa.    
The Company is committed to value-added growth through becoming an independent  
coal and energy producer at its projects in South Africa.                       
The Company has entered into three joint ventures with Sekoko Resources, a South
African black empowerment company (BEE) and Sekoko has two directors on the     
Board of Firestone Energy.                                                      
Corporate Details ASX: FSE                                                      
JSE: FSE Issued Capital:                                                        
2,331 million ordinary shares                                                   
Major Shareholders:                                                             
Sekoko Resources (Pty) Ltd Colbern Fiduciary Nominees Ltd Bell Potter Nominees  
Ltd                                                                             
Directors and Officers:                                                         
Non Executive Directors:                                                        
John Dreyer (Chairman) Timothy Tebeila (Deputy Chairman) Amanda Matthee Colin   
McIntyre and John Wallington                                                    
Company Secretary                                                               
Jerry Monzu                                                                     
Contact:                                                                        
Level 1, 63 Hay Street Subiaco, Western Australia 6008 Tel: +61 (0)8 9381 2755  
Web: www.firestoneenergy.com.au                                                 
ASX Announcement                                                                
Perth and Johannesburg                                                          
Firestone Energy Limited (ASX/ JSE:FSE) wishes to announce that it is in        
advanced discussions with potential candidates to succeed Mr John Wallington as 
the Company`s Managing Director.                                                
In the interim the Company has constituted an executive committee consisting of 
Mr John Dreyer as Chairman, Ms Amanda Matthee who will oversee the day to day   
running of the South African office and Mr Colin McIntyre who will concentrate  
on technical matters. Mr John Wallington will continue to take responsibility   
for the finalisation of the bankable feasibility Study which is expected to be  
completed on schedule in July 2010.                                             
Further information can be obtained by contacting Mr John Dreyer.               
Mr John Dreyer Chairman +61 (08) 9381-2755 www.firestoneenergy.com.au           
Pretoria                                                                        
17 June 2010                                                                    
Sponsor and Corporate Advisor                                                   
River Group                                                                     
Date: 17/06/2010 08:59:34 Produced by the JSE SENS Department.                  
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