Firestone reiterates take no action following further extension of time for despatch of its Target’s Statement About Firestone Energy Firestone Energy Limited is an 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") independent, Australian exploration and development company listed on the Australian Stock Exchange Ltd (ASX) and Firestone reiterates take no action following further extension of time for the Johannesburg Stock Exchange (JSE). despatch of its 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”) has interests in the Waterberg Coal Project reaffirmed its advice to shareholders to TAKE NO ACTION on the proposed off- located in Lephalale area, Limpopo Province, market takeover offer from Range River Gold Limited (ASX: RNG) (“Offer”) until South Africa. they have received and considered the Target’s Statement. The first stage of the project is to develop the Firestone advises that the Australian Securities and Investments Commission will Smitspan mine which has a substantial grant Firestone relief to amend the timetable for despatching its Target’s measured thermal coal resource and to develop the Vetleegte mine which is a Statement to Firestone shareholders. The formal instrument of relief is expected substantial metallurgical coal deposit. to be issued on Monday 11 March 2013. In accordance with the relief, the Target’s Statement in response to the Offer must now be sent to Firestone Firestone Energy is committed to becoming a shareholders no later than Tuesday 26 March 2013, under the revised statutory profitable independent coal and energy timetable. producer at its projects in South Africa, thereby making a substantial contribution to FSE has been advised by RNG that RNG has committed to re-address the the social and economic development of the conditions of its Offer and where possible, waive and/or clarify the conditions to Lephalale area and South Africa. enable FSE shareholders to better understand the conditionality of the Offer and Corporate Details that RNG is re-evaluating the quantum of the Offer. ASX: FSE JSE: FSE All Firestone announcements are available on the Company’s website Issued Capital: on www.firestoneenergy.com.au and via www.asx.com.au. 3,549 million ordinary shares Major Shareholders: Shareholders can also receive further information on the Offer by calling the Sekoko Resources (Pty) Ltd Firestone shareholder information line on: 1800 643 977 or for international calls Linc Energy Ltd BBY Nominees Pty Ltd +61 2 8256 3363. Bell Potter Nominees Ltd Yours sincerely, Directors and Officers Non Executive Directors: Mr Tim Tebeila (Chairman) David Perkins (Deputy Chairman) Dr Pius Kasolo David Knox Ben Mphahlele Chief Executive Officer Kobus Terblanche www.firestoneenergy.com.au Oren Zohar Jack James Tel: Australia (+61 08 9287 4600) South Africa (+27 11 706 3548) Officers: Mr David Knox CEO Johannesburg Ms Amanda Matthee CFO 8 March 2013 Mr Jerry Monzu Company Secretary Sponsor Contact: River Group Suite B9, 431 Roberts Road Subiaco, Western Australia 6008 Tel: +61 (08) 9287 4600 Date: 08/03/2013 09:03:00 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.