Correction to announcement on extension of time for despatch of its Target’s Statement 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") About Firestone Energy Firestone Energy Limited is an 1 March 2013 independent, Australian exploration and development company listed on the Australian Stock Exchange Ltd (ASX) and Correction to announcement on extension of time for despatch of its the Johannesburg Stock Exchange (JSE). Target’s Statement Firestone Energy has entered into a Joint Venture with Sekoko Resources (Pty) Ltd through which Firestone Energy has acquired the right to 60% participation Firestone Energy Limited (ASX/JSE: FSE) (the “Company” or “Firestone”) wishes interests in the Waterberg Coal Project to advise that the announcement made to the ASX by FSE on 26 February 2013 in located in Lephalale area, Limpopo Province, relation to the extension of time for dispatch its Target's Statement contained a South Africa. minor error. The announcement incorrectly stated that FSE will dispatch its Target's Statement by no later than Friday 14 March 2013, which should have The first stage of the project is to develop the read Thursday 14 March 2013." Smitspan mine which has a substantial measured thermal coal resource and to develop the Vetleegte mine which is a substantial metallurgical coal deposit. Yours sincerely, Firestone Energy is committed to becoming a profitable independent coal and energy producer at its projects in South Africa, David Knox thereby making a substantial contribution to Chief Executive Officer the social and economic development of the www.firestoneenergy.com.au Lephalale area and South Africa. Tel: Australia (+61 08 9287 4600) South Africa (+27 11 706 3548) Corporate Details ASX: FSE JSE: FSE Issued Capital: 3,549 million ordinary shares Major Shareholders: Sekoko Resources (Pty) Ltd Linc Energy Ltd BBY Nominees Pty Ltd Bell Potter Nominees Ltd Directors and Officers Non Executive Directors: Mr Tim Tebeila (Chairman) David Perkins (Deputy Chairman) Dr Pius Kasolo Ben Mphahlele Kobus Terblanche David Hillier Oren Zohar Jack James Officers: Mr David Knox CEO Ms Amanda Matthee CFO Mr Jerry Monzu Company Secretary Contact: Suite B9, 431 Roberts Road Subiaco, Western Australia 6008 Sponsor River Group 1 March 2013 Date: 01/03/2013 07:12:00 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.