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FSE - Firestone Energy Limited - Firestone To Seek Cornerstone Investor 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 TO SEEK CORNERSTONE INVESTOR Firestone Energy Limited (ASX: FSE) is pleased to announce that it has appointed BBY Limited as its corporate advisor to help advise and manage the process of introducing a successful cornerstone investor to the company. The appointment follows the recent achievement of several important milestones for Firestone including the SAMREC upgrade of the Waterberg coalfield to 1.723 billion tonnes Coal in SITU and the positive results from the pre-feasibility study completed for the Smitspan property. John Wallington, Firestone`s Managing Director said "We are very pleased to have appointed BBY as Firestone`s corporate advisor, to assist the company in identifying and successfully introducing a cornerstone investor to Firestone." "Having already received strong interest from a number of very large international groups and with the coal sector going from strength to strength, Firestone believes that the best mechanism for increasing shareholder value at this stage would be via a competitive process to attract and secure an appropriate partner to develop its substantial Waterberg projects," he said. BBY is an Australian focused stock broking, corporate advisory and asset management firm with offices in Sydney, Melbourne, UK and UAE along with a global presence in the USA and Asia. BBY combines the strength of an international partnership with leading Asian investment bank CIMB-GK, (www.cimb.com), and an equity partnership with major US investment bank, Jefferies Inc (www.jefferies.com). BBY Limited has a strong track record of securing funding and cornerstone investors for Australian and international resource companies. For further information please contact David Smith Amanda Matthee Head, Equity Capital Markets CFO BBY Limited Firestone Energy Limited Tel: +61292260112 T: +27011706 3548 Pretoria 29 March 2010 Corporate Adviser and Sponsor River Group Date: 29/03/2010 17:16:01 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.
