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FSE - Firestone Energy - Firestone/Sekoko JV Agree on third transaction 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") FIRESTONE/SEKOKO JV AGREE ON THIRD TRANSACTION Firestone Energy Limited (ASX /JSE Code: FSE) is pleased to announce that FSE and Sekoko have entered into non binding Heads of Agreement to include two further properties. It is envisaged that a binding agreement will be concluded presently in terms of where FSE, through its wholly owned subsidiary Lexshell, will acquire an interest in the prospecting rights held by Sekoko over the farms Swanepoelpan and Duikerfontein. Swanepoelspan shares a common boundary with the farm Smitspan where the FSE/Sekoko jv has just acquired the surface rights and is completing a bankable feasibility study for the establishment of an open cast coal mine. Duikerfontein is immediately adjacent to Swanepoelspan It is envisaged FSE will, (against the payment of certain amounts to Sekoko and the issue to Sekoko of certain additional shares in FSE), acquire a 60% interest in the rights relating to the above two farms, with Sekoko having a 40% interest therein on terms similar to the second joint venture. The binding agreement (if concluded) will be subject to regulatory and other approvals including the approval of the FSE shareholders. "This agreement has the potential to add significant resources to the FSE/Sekoko JV and could also realise material synergies by increasing both the production scale and `life of mine` options" said John Wallington FSE`s managing director. For Information please contact: John Wallington Simon Storm Managing Director Company Secretary Telephone: +61 8 9381 2755 Telephone: +61 8 9381 2755 Registered Office 63 Hay Street Subiaco 6008 Western Australia Telephone: +61 8 9381 2755 Facsimile: +61 8 6380 1278 www.firestoneenergy.com.au Pretoria 25 November 2009 Sponsor River Group Date: 25/11/2009 08:50:07 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.
