FIRESTONE ENERGY LIMITED - GRANT OF ASX WAIVER

GRANT OF ASX WAIVER


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")


31 August 2012

ASX Limited
Exchange Plaza
2 The Esplanade
PERTH WA 6000

Attn: Ms Fiona Murphy



Dear Ms Murphy



Grant of ASX Waiver


    The Company advises that it has applied for and has been granted a waiver from ASX
    Listing Rule 7.3.2.

    The waiver applies to the extent necessary to permit the Company’s notice of general
    meeting (the "Notice") seeking shareholder approval for the issue to Ariona Company SA of
    a maximum of 40,700,000 convertible notes (“Convertible Notes”), not to state that
    10,000,000 of the Convertible Notes will be issued no later than 3 months after the date of
    the meeting, on the following conditions:

        * the Notice states that the 10,000,000 Convertible Notes will be issued no later than
            12 months from the date that is 5 business days after the date of the meeting;

        * any annual report released during the period in which the 10,000,000 Convertible
            Notes are issued or remain to be issued, discloses details of the Convertible Notes
            that have been issued and/or which remain to be issued; and

        * the Company releases the terms of this waiver to the market immediately.




Yours Faithfully

Jerry Monzu
Company Secretary


Firestone Energy Limited (ABN 71 058 436 794)
Suite B9, 431 Roberts Road, Subiaco WA 6008, Australia
T: +61 8 9287 4605 F: +61 8 9287 4655

SPONSOR
RIVER GROUP
31 AUGUST 2012







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