Resignation of a Director 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 4 March 2013 independent, Australian exploration and development company listed on the Australian Stock Exchange Ltd (ASX) and Resignation of a Director the Johannesburg Stock Exchange (JSE). Firestone Energy has entered into a Joint Venture with Sekoko Resources (Pty) Ltd through which Firestone Energy has Firestone Energy Limited (ASX/JSE: FSE) (the “Company” or “Firestone”) wishes acquired the right to 60% participation to advise that Mr David Hillier has resigned from the position of Non Executive interests in the Waterberg Coal Project Director of the Company. located in Lephalale area, Limpopo Province, South Africa. The Company thanks Mr Hillier for his contributions and wishes him well for the future. The first stage of the project is to develop the 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 286306NIK/3565586.3 Appendix 3Z Final Director’s Interest Notice Rule 3.19A.3 Appendix 3Z Final Director’s Interest Notice 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 30/9/2001. Name of entity: Firestone Energy ABN: 71 058 436 794 We (the entity) give ASX the following information under listing rule 3.19A.3 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of director Mr David Hillier Date of last notice 5 February 2013 Date that director ceased to be director 1 March 2013 Part 1 – Director’s relevant interests in securities of which the director is the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part. Number & class of securities Nil + See chapter 19 for defined terms. 11/3/2002 Appendix 3Z Page 1 Appendix 3Z Final Director’s Interest Notice Part 2 – Director’s relevant interests in securities of which the director is not the registered holder Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part. In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Name of holder & nature of interest Number & class of securities Note: Provide details of the circumstances giving rise to the relevant interest Nil Nil Part 3 – Director’s interests in contracts Detail of contract N/A Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates + See chapter 19 for defined terms. Appendix 3Z Page 2 Sponsor River Group Johannesburg 4 March 2013 11/3/2002 Date: 04/03/2013 07:15:00 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.