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FSE - Firestone Energy Limited - Appendix 3B - New issue announcement, for

Release Date: 25/05/2011 08:14
Code(s): FSE
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FSE - Firestone Energy Limited - Appendix 3B - New issue announcement, for quotation of additional securities and agreement 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") Appendix 3B New issue announcement, for quotation of additional securities and agreement Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX`s property and may be made public. Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005. Name of entity Firestone Energy Limited ABN 71 058 436 794 We (the entity) give ASX the following information. Part 1 All issues You must complete the relevant sections (attach sheets if there is not enough space). 1 +Class of +securities issued or to be Ordinary Fully paid issued Shares 2 Number of +securities issued or to be 69,146,341 issued (if known) or maximum number which may be issued 3 Principal terms of the +securities (eg, if options, exercise price and expiry Ordinary shares issued date; if partly paid +securities, the upon conversion of amount outstanding and due dates for convertible notes payment; if +convertible securities, the conversion price and dates for 34,146,341 shares at 2.05 conversion) cents per share (con note 18) 35,000,000 shares at
2.0cents per share (con note 19)
Do the +securities rank equally in all Yes shares rank equally respects from the date of allotment with in all respects an existing +class of quoted +securities' If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration 34,146,341 shares at 2.05 cents per share (con note 18) 35,000,000 shares at
2.0cents per share (con note 19)
6 Purpose of the issue Conversion of (If issued as consideration for the convertible notes. acquisition of assets, clearly identify those assets) 7 Dates of entering +securities 24 May 2011 into uncertificated holdings or despatch of certificates Number +Class
8 Number and +class of all 2,696,174,361 Ordinary fully +securities quoted on ASX paid shares (including the securities in (FSE) clause 2 if applicable) Up to 250,000,000 Options exercisable at$0.04 per
share and expiring on 31 May 2014
Number +Class 9 Number and +class of Unlisted Options Unlisted Options all +securities not Exercise Expiry quoted on ASX 30,000,000 FSEAK 5 cents 30 Nov 12 (including the 110,000,000 FSEAM 6 cents 31 May 13 securities in clause 96,904,767 FSEAO 6 cents 30 Jun 13 2 if applicable) 25,875,000 FSEAI 6 cents 30 Jun 14
Unlisted Convertible Conversion number- Notes Variable per Note Repayment dates - Con Note 1 - 12 FSEAQ 2 October 2012
Con Note 2 - 3 FSEAS 16 November 2012 Con Note 3 - 3 FSEAU 18 December 2012 Con Note 4 - 3 FSEAY 21 January 2013 Con Note 5- 3 FSEAW 23 February 2013
Con Note 6 - 3 FSEAZ 23 March 2013 Con Note 7 - 3 FSEAA 30 April 2010 Con Note 8 - 1 x 04 June 2013 ($500k) 04 June 2013
13 July 2013 4 x ($100k) 8 November 2013 Con Note 9 - 9 x 23 November 2013 ($100k) 22 December 2013
Con Note 13 - 6 x 24 January 2014 ($100k) 22 February 2014 Con Note 14 - 6 x 24 May 2014 ($100k)
Con Note 15 - 6 x ($100k) Con Note 16 - 6 x ($100k)
Con Note 17 - 9 x ($100k) Con Note 20 - 6 x ($100k)
10 Dividend policy (in The Company may pay dividends to ordinary the case of a trust, shareholders as the directors resolve. distribution policy) on the increased capital (interests) Part 2 Bonus issue or pro rata issue 11 Is security holder approval required' N/A 12 Is the issue renounceable or non-renounceable' N/A
13 Ratio in which the +securities will be offered N/A 14 +Class of +securities to which the offer relates N/A
15 +Record date to determine entitlements N/A 16 Will holdings on different registers (or N/A subregisters) be aggregated for calculating entitlements' 17 Policy for deciding entitlements in relation to N/A fractions 18 Names of countries in which the entity has N/A +security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or N/A renunciations
20 Names of any underwriters N/A
21 Amount of any underwriting fee or commission N/A 22 Names of any brokers to the issue N/A
23 Fee or commission payable to the broker to the N/A issue 24 Amount of any handling fee payable to brokers N/A who lodge acceptances or renunciations on behalf of +security holders 25 If the issue is contingent on +security holders` N/A approval, the date of the meeting
26 Date entitlement and acceptance form and N/A prospectus or Product Disclosure Statement will be sent to persons entitled
27 If the entity has issued options, and the terms N/A entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) N/A 29 Date rights trading will end (if applicable) N/A 30 How do +security holders sell their entitlements N/A in full through a broker' 31 How do +security holders sell part of their N/A entitlements through a broker and accept for the balance' 32 How do +security holders dispose of N/A their entitlements (except by sale through a broker)' 33 +Despatch date N/A Part 3 Quotation of securities You need only complete this section if you are applying for quotation of securities 34 Type of securities (tick one) (a) X Securities described in Part 1. (b) All other securities Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities Entities that have ticked box 34(a) Additional securities forming a new class of securities Tick to indicate you are providing the information or documents 35 If the +securities are +equity securities, the names of the 20 largest holders of the additional +securities, and the number and percentage of additional +securities held by those holders
36 If the +securities are +equity securities, a distribution schedule of the additional +securities setting out the number of holders in the categories 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over 37 A copy of any trust deed for the additional +securities Entities that have ticked box 34(b) 38 Number of securities for which +quotation is N/A sought
39 Class of +securities for which quotation is N/A sought
40 Do the +securities rank equally in all N/A respects from the date of allotment with an existing +class of quoted +securities' If the additional securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 41 Reason for request for quotation now N/A Example: In the case of restricted securities, end of restriction period (if issued upon conversion of another security, clearly identify that other security)
Number +Class 42 Number and +class of all +securities quoted on ASX (including the securities in clause 38) Quotation agreement 1 +Quotation of our additional +securities is in ASX`s absolute discretion. ASX may quote the +securities on any conditions it decides. 2 We warrant the following to ASX. * The issue of the +securities to be quoted complies with the law and is not for an illegal purpose. * There is no reason why those +securities should not be granted +quotation. * An offer of the +securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act. Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty * Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted. * If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted. 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement. 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete. Company Secretary Jerry Monzu 25 May 2011 Pretoria Sponsor and Designated Advisor River Group Date: 25/05/2011 08:14:44 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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