FV Firestone Ventures Inc

Firestone Ventures Inc. ("Firestone" or the "Corporation") (TSX
VENTURE:FV)(FRANKFURT:F5V) is pleased to announce that it has reached an
agreement with Goldcorp Inc. ("Goldcorp") and their 100% owned Guatemalan
subsidiary Montana Exploradora de Guatemala S.A. ("Montana") (collectively
termed the "Vendor") on the amendment to the formal option agreement for the
Saturno and Selegua concessions. These concessions surround Firestone's Torlon
Hill Zinc-Lead-Silver deposit and are underlain by Permian carbonate formations
which are considered to have excellent exploration potential for zinc and lead
mineralization. 


Firestone's President and CEO, Pamela Strand commented, "The consolidation of
100% ownership in this surrounding land package is important for Firestone as we
progress on the recommendations of our recently announced positive preliminary
economic assessment for the Torlon Hill deposit. The concession area covers
prospective carbonate but also covers the access route and the proposed site
infrastructure."


Under the terms of the agreement dated March 2007 and restated in October 2009
and February 2011, Goldcorp has agreed to Firestone vesting a 100% interest in
the property in return for the issuance of 200,000 common shares of Firestone.
The Vendor retains a 1.5% Net Smelter Royalty (NSR) and the underlying vendor
retains an additional 2% NSR. This transaction is subject to all regulatory
approvals. 


Whale Cove Project Update - Nunavut

Firestone would also like to announce that the Company finalized the acquisition
of Option Agreement for the Whale Cove Project, Nunavut (see news release dated
January 13, 2013). The TSXV gave conditional approval of the acquisition on
February 22, 2013.


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 where Firestone has recently announced a Preliminary Economic
Assessment ("PEA") (see news release dated March 6, 2013). The PEA was completed
by ProMet Dadi Africa (Pty) Ltd. based in Cape Town, South Africa. The PEA
outlines an operation with a 617,000 tonne per year throughput, projecting an
after-tax 97% internal rate of return and an after-tax US $45.4 Million net
present value at a 5% discount rate. The current NI 43-101 oxide resource (see
news release 18 November 2008 on www.sedar.com) is summarized in the following
table and the deposit remains open to expansion. The NI 43-101 resource used a
3% zinc equivalent cut-off grade and a 35.5% zinc top-cut. 


Torlon Deposit Oxide Mineral Resource - as at March 6, 2013



----------------------------------------------------------------------------
                                    Zinc                Lead  Silver  Silver
              Tonnes  Zinc %    (lbs)(i)  Lead %    (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



In addition to Torlon, 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. The land position has excellent
exploration potential and with systematic exploration could develop as the
world's next major zinc district. The company also owns 100% of the past
producing Oxec copper deposit which, based on historical reports, has produced
over 1Mt grading 3% copper (according to unverified historical records). 


The technical information in this news release has been reviewed and approved by
Pamela Strand, P.Geol., President of Firestone and a Qualified Person as defined
in 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. 



FOR FURTHER INFORMATION PLEASE CONTACT: 
Firestone Ventures Inc.
Pamela Strand, P. Geol.
President
Toll Free: 1-888-221-5588
(780) 428-3476 (FAX)
info@firestoneventures.com
www.firestoneventures.com

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