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FSE - FSE - Appointment of former Anglo Group Mining executives to the board of

Release Date: 08/04/2009 08:00
Code(s): FSE
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FSE - FSE - Appointment of former Anglo Group Mining executives to the board of Firestone energy Limited FIRESTONE ENERGY LIMITED (formerly Centralian Minerals Limited) (Registration number: ABN 058 436 794) (SA company registration number: 200/023973/10 Share code on the JSE: FSE Share code on the ASX: FSE ISIN: AU000000FSE6 ("FSE" or "the Company") APPOINTMENT OF FORMER ANGLO GROUP MINING EXECUTIVES TO THE BOARD OF FIRESTONE ENERGY LIMITED Firestone Energy Ltd (ASX: FSE, JSE: FSE) is pleased to announce the appointment of Messrs John Dreyer and John Wallington, both former Anglo Group Mining Executives, to its Board as non-executive Directors effective immediately. The appointment significantly strengthens the Company`s Board in the areas of corporate strategy, governance and coal mine development and operations expertise as it moves forward on the Bankable Feasibility Study at its South African Waterberg coal project. "We are extremely pleased to have been able to attract Directors of the calibre of John Dreyer and John Wallington to our Board. Their considerable mining and corporate experience together with their skills in managing large bulk mining operations will be invaluable as Firestone Energy continues to develop its South African projects." said CEO of Firestone Energy, Garth Higgo. Biographical information follows: John Dreyer John Dreyer, a lawyer by profession, has held a number of senior executive positions through his career including the position of Executive Director of Anglo Platinum, Business Development, In 2004 Mr. Dreyer retired from Anglo Platinum and joined Pangea Diamond Fields as a director and shareholder. He was instrumental in the listing of that company on AIM (LSE). Prior to joining Anglo, Mr. Dreyer was Chief Executive Officer of Tavistock and Managing Director of Shell Minerals Africa. He is also a former Director of the Richards Bay Coal Terminal Company. John Wallington John Wallington, a mining engineer by profession, is an experienced high caliber Mining Executive with a proven track record in delivering results and transforming global organizations. Mr. Wallington was previously the Global Chief Executive Officer (CEO) of Anglo Coal for 6 years; and in a career spanning 27 years, he has held a number of other senior positions at Anglo. While CEO of Anglo Coal, Mr. Wallington developed and implemented the Coal Division strategy, which integrated the vision and direction of the business unit with profit, safety, operational performance and strategic growth targets. He was a major player in bringing together the Black Empowerment transaction in 2007 that enabled Anglo Coal to meet its Transformation Targets. About Firestone Energy (ASX: FSE) Firestone Energy Limited is a Perth based exploration company listed on the Australian Stock Exchange (ASX: FSE) and the Johannesburg Stock Exchange (JSE:FSE). Firestone is an exploration company that sources and develops viable mineral projects with particular focus at this time on coal prospects in the Waterberg Coal Field, South Africa. The Company has a joint venture with Sekoko Coal over two farms located in the Waterberg coalfield in the Limpopo Province of South Africa. This coalfield is becoming increasingly important as coal reserves in the Witbank, Highveld and Ermelo coalfields of the Mpumalanga Province, which currently supply the majority of Eskom`s coal power stations, become depleted over the next 20-30 years. The Company recently signed a further agreement with Sekoko Coal over four other farms which will add a further 1 billion tonnes of coal to its existing holdings in the Waterberg coal field. This joint venture is still subject to regulatory and shareholder approvals. Directors and Officers Non Executive Directors: Lee Boyd Daryl Henthorn Amanda Matthee Malcolm Smartt Timothy Tebeila Chief Executive Officer Garth Higgo For further information please contact: Tel: +61 (0)8 9381 2755 Garth Higgo (CEO) Sponsor River Group Pretoria 8 April 2009 Date: 08/04/2009 08:00:03 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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