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FSE - Firestone Energy Limited - Resignation / Appointment of a Director

Release Date: 30/09/2010 12:50
Code(s): FSE
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FSE - Firestone Energy Limited - Resignation / Appointment of a Director 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") Resignation / Appointment of a Director Ms Amanda Matthee, has tendered her resignation as a Director of the Company and will leave the company at the close of business today. The Company wishes to thank Ms Matthee for her past contributions and wishes her well on her future endeavours. The Company has appointed Mr Sizwe Nkosi to replace Ms Matthee as Executive Director Finance of Firestone Energy Limited and its subsidiaries with effect from the 3rd of November 2010. Sizwe is a registered South African Chartered Accountant and has a MBA degree from the University of Cape Town`s Graduate School of Business. Sizwe brings a wealth of experience to Firestone. Prior to joining the Company some three years ago his major prior expertise was with a reputable South African merchant and investment bank, Investec Bank Limited "Investec", with a role focussed in mergers and acquisitions. Prior to his position with Investec Sizwe was employed by Foskor Limited as a financial manager and De Beers as the Senior Management Accountant. Sizwe`s role at the Company has been in marketing, logistics and rail, downstream projects and financial modelling, including negotiating the Joint Venture agreements between Sekoko Resources and Firestone Energy Limited. He has been, and will continue to be, a key person in the negotiation of potential offtake agreements and cornerstone investors. The Company is fortunate and pleased to appoint a Financial Director of Sizwe`s calibre. Further information can be obtained by contacting the persons below on +61 (08) 9381-2755. John Dreyer Chairman Jerry Monzu Company Secretary About the Company Firestone Energy is an independent Australian exploration company focused on developing coal projects in South Africa. The company is currently exploring the richly endowed Waterberg coal field in the Limpopo Province of South Africa. The Company is committed to value-added growth through becoming an independent coal and energy producer at its projects in South Africa. The Company has entered into three joint ventures with Sekoko Resources, a South African black empowerment company (BEE) and Sekoko has two directors on the Board of Firestone Energy. Corporate Details ASX: FSE JSE: FSE Issued Capital: 2,331 million ordinary shares Major Shareholders: Sekoko Resources (Pty) Ltd Colbern Fiduciary Nominees Ltd Bell Potter Nominees Ltd Directors and Officers: Non Executive Directors: John Dreyer (Chairman) Timothy Tebeila (Deputy Chairman) Colin McIntyre John Wallington Company Secretary Jerry Monzu Contact: Level 1, 63 Hay Street Subiaco, Western Australia 6008 Tel: +61 (0)8 9381 2755 Web: www.firestoneenergy.com.au Pretoria 30 September Sponsor and Corporate Advisor River Group Date: 30/09/2010 12:50:01 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.

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