FSE - Firestone Energy Limited - Mining Approval Granted

FSE - Firestone Energy Limited - Mining Approval Granted                        
FIRESTONE ENERGY LIMITED                                                        
(formerly: Centralian Minerals 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")                                                        
MINING APPROVAL GRANTED                                                         
Firestone Energy Limited (ASX:FSE / JSE:FSE) ("Firestone" or "the Company") is  
pleased to announce that Joint Venture partner, Sekoko Coal Pty Ltd, has been   
granted mining approval from the South African Department of Mining and Energy  
(DME) to commence an initial small scale mining operation from the company`s    
Waterberg coal project in South Africa.                                         
The Joint Venture plans to commence mining operations by the end of 2009 at a   
rate of 60,000 ROM tonnes per month, which after washing would yield            
approximately 30,000 - 40,000 tonnes per month of saleable coal.  Planning and  
tendering for the mine activities will commence immediately.  Mining remains    
subject to a successful feasibility analysis, conclusion of off-take sales      
agreements, and FSE Board approval.  The Company continues to work toward       
securing an off-take sales agreement with State owned power utility, Eskom.     
The small mining operation will provide a starter pit for a large scale 18      
million tonnes per annum operation planned to commence ramp-up in 2011.  The    
Company is continuing its efforts to secure the A$25 million necessary to fund  
the Company`s activities, including the BFS for the large scale mining          
operation.                                                                      
For more information please contact:                                            
Garth Higgo                                                                     
Chief Executive Officer                                                         
+61 (08) 9381-2755                                                              
www.firestoneenergy.com.au                                                      
Pretoria                                                                        
03 September 2009                                                               
Sponsor                                                                         
River Group                                                                     
Date: 03/09/2009 08:02:01 Supplied by www.sharenet.co.za                     
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