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Thu 15 Sep 2011, 10:13 FSE - Firestone Energy Limited - Notification Under Section 708A(5)(E) of the
FSE
FSE                                                                             
FSE - Firestone Energy Limited - Notification Under Section 708A(5)(E) of the   
Corporations Act                                                                
FIRESTONE ENERGY LIMITED                                                        
(Incorporated in Australia)                                                     
(Registration number ABN 058 436 794)                                           
Share code on the JSE Limited: FSE                                              
Share code on the ASX: FSE                                                      
ISIN: AU000000FSE6                                                              
(SA company registration number 2008/023973/10)                                 
("FSE" or "the Company")                                                        
NOTIFICATION UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT                   
Firestone Energy Limited (ASX/JSE:FSE - "Firestone")                            
On 8 September 2011, Firestone Energy Limited ("Firestone" or the "Company")    
issued 150,336,423 fully paid ordinary shares to persons who come within one of 
the exemptions set out in section 708 of the Corporations Act.                  
The Company gives this notice pursuant to Section 708A(5)(e) of the Corporations
Act.                                                                            
The shares were issued without disclosure to investors under Part 6D.2, in      
reliance on Section 708A(5) of the Corporations Act.                            
The Company, as at the date of this notice has complied with:                   
    a)   The provisions of Chapter 2M of the Corporations Act as they apply to  
         the Company; and                                                       
    b)   Section 674 of the Corporations Act.                                   
Other than as detailed below there is no excluded information for the purposes  
of Section 708A(7) and (8) of the Corporations Act.                             
    *    Firestone has agreed with Eskom to renegotiate the MOU which was       
         announced to the Market on 2 February 2011; and                        
*    Firestone anticipates appointing a Chief Executive Officer in the near 
         future.                                                                
Jerry Monzu                                                                     
Company Secretary                                                               
Firestone Energy Limited                                                        
Pretoria                                                                        
15 September 2011                                                               
Sponsor                                                                         
River Group                                                                     
Date: 15/09/2011 10:13:01 Produced by the JSE SENS Department.                  
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