FSE - Firestone Energy Limited - Director Resignation/Appointment

FSE - Firestone Energy Limited - Director Resignation/Appointment               
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")                                                        
Director Resignation/Appointment                                                
Firestone Energy Limited, "Firestone" (ASX/JSE: FSE), wishes to advise of the   
resignation of Mr Timothy Tebeila as a Non Executive Director and Deputy        
Chairman of the Company with effect from 7 January 2011.  Mr Tebeila is also the
Chairman of Sekoko Coal Pty Ltd, "Sekoko", which is a major shareholder of      
Firestone and believes that by being on both boards a conflict of interest may  
potentially arise.  Sekoko will shortly nominate a replacement for Mr Tebeila   
for consideration by the Board of Firestone. The replacement will, it is hoped, 
help to take Firestone to the implementation phase of its Waterberg Coal        
Project.                                                                        
The Board of Firestone gratefully acknowledges Mr Tebeila`s contribution to the 
Company and the Waterberg Coal Project.                                         
Additionally, the Firestone Board is pleased to announce the appointment of Mr  
David Perkins as a Non-Executive Director effective from Monday 17 January 2011.
Mr Perkins is the principal of Perkins Solicitors and is a Non-Executive        
Director of Australian stockbroking firm, BBY Limited. He was previously General
Counsel and Company Secretary for the JP Morgan Chase and Company (formerly The 
Chase Manhattan Bank) for Australia New Zealand and Oceania.                    
Mr Perkins brings broad and practical experience to Firestone`s businesses      
including corporate governance and regulation, as well as the financial and     
operational goals of the company.                                               
Mr Perkins has Bachelor of Jurisprudence and Bachelor of Law degrees from the   
University of New South Wales, a post graduate Diploma of Corporate             
Administration and is a Fellow of both the Australian Institute of Company      
Directors and Chartered Secretaries Australia.  He is also a member of the Law  
Society of New South Wales.                                                     
Further information can be obtained by contacting the person below on           
+61 (08) 9 2874600.                                                             
John Dreyer                                                                     
Chairman                                                                        
www.firestoneenergy.com.au                                                      
Pretoria                                                                        
10 January 2011                                                                 
Sponsor and Corporate Advisor                                                   
River Group                                                                     
Date: 10/01/2011 08:34:01 Supplied by www.sharenet.co.za                     
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