Trading halt request FIRESTONE ENERGY 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") Date 30 August 2012 Ms Fiona Murphy Australian Securities Exchange By Email: Fiona.Murphy@asx.com.au By Email: tradinghaltsperth@asx.com.au Request for Trading Halt Firestone Energy Limited (“Firestone”) hereby requests a trading halt of its securities with immediate effect. In accordance with listing rule 17.1, Firestone advises: • A trading halt is being requested following the ASX’s Price Volume query of today’s date. The Board of Firestone Energy Limited wish to update Shareholders with the progress of a financial restructuring of the Company as first advised to Shareholders on 7 May 2012; • The event that Firestone expects will end the trading halt is an announcement by the Company in relation to the progress of the financial restructuring which it anticipates will be made on Monday 3 September; and • Firestone is not aware of any reason why the trading halt should not be granted. Should you have any queries in relation to this matter, please do not hesitate to contact me. Yours faithfully, Jerry Monzu Company Secretary Firestone Energy Limited (ABN 71 058 436 794) Suite B9, 431 Roberts Road Subiaco WA 6008 Australia T: +61 8 9287 4605 F: +61 8 9287 4655 Johannesburg 30 August 2012 Sponsor River Group Date: 30/08/2012 09:07:00 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.