FV Firestone Ventures Inc

Firestone Ventures Inc. ("Firestone" or the "Corporation") (TSX
VENTURE:FV)(FRANKFURT:F5V) announced today it has signed a Business Agreement
Alliance with Minero Mining International Ltd. ("Minero"), of Hong Kong with the
goal of advancing Firestone's 100% owned Torlon zinc-lead-silver deposit in
Central Guatemala.


"We are extremely pleased with our Business Agreement Alliance with Minero in
order to evaluate a fast track to market future production approach for the
Torlon Deposit and area. Minero brings advanced zinc project experience, such as
their aggressive fast track to market path for production for the Pering Zinc
Mine in South Africa, that complements Firestone's exploration and CSR
strengths," says Pamela Strand, President & CEO of Firestone. "The recent uptick
in the price of zinc and lead coupled with the supply-demand fundamentals makes
this an opportune time to advance our zinc resource towards production."


Under the terms of the agreement, Minero will subscribe for a minimum of
$250,000 in the Firestone private placement announced on September 13, 2012.
Minero will then move forward with the completion of Preliminary Economic
Assessment Study followed by an Engineering, Construction and Procurement
proposal within the next 120 days. Dependent on results execute an economically
viable mine plan for the Torlon Project. Further announcements will be made on
the successful conclusion of the phases involved and the milestones achieved in
this process.


About Minero Mining International Ltd.

Minero Mining International Ltd. (www.minero.co.za) is part of the Minero Group
of Companies and has interests in zinc, lead, gold and coal projects in Africa,
as well as engineering services and equipment supply companies to the mining
industry. Minero was founded in 2006 by Kevin van Wouw, who has over 20 years'
experience in the design, implementation, project management through to
operational management of all aspects of the mining industry. Minero's approach
centres on the development of projects through the application of cost effective
approaches backed by sound engineering, creating value uplift for the
stakeholders as demonstrated by the commercialisation of pre-concentration
techniques in nickel mining in Botswana. Minero has been involved in the
acquisition of Pering Zinc Mine from BHP Billiton in 2007, and the subsequent
feasibility processes. Recently Minero was able to reduce the capital
expenditure envisaged for the development of Pering by in excess of 20% using an
EPC Fixed price contracting approach. The project is a low cost, open cast
mining project in South Africa. Minero has expanded its service and equipment
based companies to assist in project development and has extensive capabilities
to draw globally for the development of new projects or the improvement of
existing projects.


Firestone Ventures Inc.

Firestone is a Canadian-based exploration and development company with
zinc-lead-silver and copper projects in Central America and has been working in
Guatemala since 2004. Our main project is the Torlon zinc-lead-silver deposit in
Guatemala. The current NI-43-101 oxide resource (see news release 18 November
2008 and www.sedar.com) is summarized in the following table and the deposit
remains open to expansion. The 43-101 resource used a 3% zinc equivalent cut-off
grade and a 35.5% zinc top-cut. 




Torlon Deposit Oxide Mineral Resource                                       
                                                                            
----------------------------------------------------------------------------
                          Zinc        Zinc  Lead        Lead  Silver  Silver
                  Tonnes     %    (lbs)(i)     %    (lbs)(i)   (g/t) (oz)(i)
----------------------------------------------------------------------------
Measured and                                                                
 Indicated     1,891,636  7.32 304,905,997  2.41 100,294,541   14.25 866,663
----------------------------------------------------------------------------
Inferred         169,705  4.42  16,502,114  1.96   7,317,680   12.53  68,367
----------------------------------------------------------------------------
 (i) The total contained metal assumes 100% metal recovery and does not     
indicate economic viability                                                 



Smithsonite (ZnCO3) is the prevalent zinc mineral at Torlon, occurring as a
replacement to limestone and resulting in high grade mineralization locally
exceeding 40% zinc. Other non-sulphide zinc minerals are relatively rare and
there is no evidence of deleterious zinc-clay minerals.


Firestone also has a large land position covering a significant portion of the
Central Guatemala Zinc District with four drill ready targets and over fifty
zinc mineral occurrences and has excellent exploration potential to develop as
the world's next major zinc district. The company also owns 100% of the past
producing Oxec copper deposit which, based on historic reports, has produced
over 1Mt grading 3% copper. The common shares of the Company are currently
listed on the TSX Venture Exchange (symbol FV) and the Frankfurt Stock Exchange
(symbol F5V).


The technical information in this news release has been reviewed and approved by
Pamela Strand, P.Geol., President of Firestone Ventures and a Qualified Person
in accordance with NI-43-101.


This news release may contain forward looking statements, being statements which
are not historical facts, including, without limitation, statements regarding
potential mineralization, exploration results, resource or reserve estimates,
anticipated production or results, sales, revenues, costs, "best-efforts"
financings or discussions of future plans and objectives. There can be no
assurance that such statements will prove accurate. Such statements are
necessarily based upon a number of estimates and assumptions that are subject to
numerous risks and uncertainties that could cause actual results and future
events to differ materially from those anticipated or projected. Important
factors that could cause actual results to differ materially from the Company's
expectations are in Company documents filed from time to time with the TSX
Venture Exchange and provincial securities regulators, most of which are
available at www.sedar.com. The Company disclaims any intention or obligation to
revise or update such statements unless required by law.

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