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Tue 26 Feb 2013, 7:15 FIRESTONE ENERGY LIMITED - Firestone reiterates take no action following extension of time for despatch of its Targets Statement
FSE FSEO1 201302260006A
Firestone reiterates take no action following extension of time for despatch of its Target?s Statement

                                                                                               About Firestone Energy

                                                                                               Firestone Energy Limited is an
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")


                                                                                               independent, Australian exploration and
                                                                                               development company listed on the
                                                                                               Australian Stock Exchange Ltd (ASX) and
               Firestone reiterates take no action following extension of time for             the Johannesburg Stock Exchange (JSE).
                               despatch of its Target?s Statement                              Firestone Energy has entered into a Joint
                                                                                               Venture with Sekoko Resources (Pty) Ltd
                                                                                               through which Firestone Energy has
                                                                                               acquired the right to 60% participation
          Firestone Energy Limited (ASX/JSE: FSE) (the ?Company? or ?Firestone?) has           interests in the Waterberg Coal Project
          reaffirmed its advice to shareholders to TAKE NO ACTION on the proposed off-         located in Lephalale area, Limpopo Province,
          market takeover offer from Range River Gold Limited (ASX: RNG) (?Range River         South Africa.
          Offer?) until they have received and considered the Target?s Statement.
                                                                                               The first stage of the project is to develop the
          Firestone advises that the Australian Securities and Investments Commission has      Smitspan mine which has a substantial
          granted Firestone relief to amend the timetable for despatching its Target?s         measured thermal coal resource and to
                                                                                               develop the Vetleegte mine which is a
          Statement to Firestone shareholders. The Target?s Statement in response to the
                                                                                               substantial metallurgical coal deposit.
          Range River Offer will be sent to Firestone shareholders no later than Friday 14
          March 2013, in accordance with the statutory timetable.                              Firestone Energy is committed to becoming a
                                                                                               profitable independent coal and energy
          All Firestone announcements are available on the Company?s website                   producer at its projects in South Africa,
          on www.firestoneenergy.com.au and via www.asx.com.au.                                thereby making a substantial contribution to
                                                                                               the social and economic development of the
          Shareholders can also receive further information on the Range River Offer by        Lephalale area and South Africa.
          calling the Firestone shareholder information line on: Toll Free - 1800 532 564 or
                                                                                               Corporate Details
          Overseas - 61 2 8256 3252 for callers outside Australia.                                                                  ASX: FSE
                                                                                                                                    JSE: FSE

                                                                                                                               Issued Capital:
          Yours sincerely,                                                                                      3,549 million ordinary shares

                                                                                                                        Major Shareholders:
                                                                                                                 Sekoko Resources (Pty) Ltd
                                                                                                                             Linc Energy Ltd
          David Knox                                                                                                 BBY Nominees Pty Ltd
          Chief Executive Officer                                                                                  Bell Potter Nominees Ltd
          www.firestoneenergy.com.au                                                                                 Directors and Officers
          Tel: Australia (+61 08 9287 4600)
               South Africa (+27 11 706 3548)                                                                    Non Executive Directors:
                                                                                                                 Mr Tim Tebeila (Chairman)
           Johannesburg
           26 February 2013                                                                                                David Perkins (Deputy Chairman)
                                                                                                                           Dr Pius Kasolo
           Sponsor and Corporate Advisor                                                                                   Ben Mphahlele
           River Group                                                                                                     Kobus Terblanche
                                                                                                                           David Hillier
                                                                                                                           Oren Zohar
                                                                                                                           Jack James

                                                                                                                                Officers:
                                                                                                                      Mr David Knox CEO
                                                                                                                  Ms Amanda Matthee CFO
                                                                                                        Mr Jerry Monzu Company Secretary


                                                                                                                                   Contact:
                                                                                                                Suite B9, 431 Roberts Road
                                                                                                            Subiaco, Western Australia 6008




286306NIK/3565586.3

Date: 26/02/2013 07:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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