Firestone confirms 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 confirms extension of time for despatch of its Target’s the Johannesburg Stock Exchange (JSE). 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 As flagged in its announcement on Friday 8 March, Firestone Energy Limited interests in the Waterberg Coal Project (ASX/JSE: FSE) (the “Company” or “Firestone”) confirms that the Australian located in Lephalale area, Limpopo Province, Securities and Investments Commission has granted Firestone relief to amend the South Africa. timetable for despatching its Target’s Statement to Firestone shareholders. In accordance with the relief, the Target’s Statement in response to the proposed The first stage of the project is to develop the off-market takeover offer from Range River Gold Limited (ASX: RNG) (“Offer”) Smitspan mine which has a substantial must be sent to Firestone shareholders no later than Tuesday 26 March 2013. FSE measured thermal coal resource and to develop the Vetleegte mine which is a advises shareholders to TAKE NO ACTION on the Offer until they have received substantial metallurgical coal deposit. and considered the Target’s Statement. Firestone Energy is committed to becoming a As stated in the announcement on 8 March 2013, FSE has been advised by RNG profitable independent coal and energy that RNG has committed to re-address the conditions of its Offer and where producer at its projects in South Africa, possible, waive and/or clarify the conditions to enable FSE shareholders to better thereby making a substantial contribution to understand the conditionality of the Offer and that RNG is re-evaluating the the social and economic development of the quantum of the Offer. Lephalale area and South Africa. Corporate Details All Firestone announcements are available on the Company’s website ASX: FSE on www.firestoneenergy.com.au and via www.asx.com.au. JSE: FSE Issued Capital: Shareholders can also receive further information on the Offer by calling the 3,549 million ordinary shares Firestone shareholder information line on: 1800 643 977 or for international calls Major Shareholders: +61 2 8256 3363. Sekoko Resources (Pty) Ltd Linc Energy Ltd BBY Nominees Pty Ltd Yours sincerely, Bell Potter Nominees Ltd Directors and Officers Non Executive Directors: David Knox Mr Tim Tebeila (Chairman) Chief Executive Officer David Perkins (Deputy Chairman) Dr Pius Kasolo www.firestoneenergy.com.au Ben Mphahlele Tel: Australia (+61 08 9287 4600) Kobus Terblanche South Africa (+27 11 706 3548) Oren Zohar Jack James Officers: Mr David Knox CEO Johannesburg Ms Amanda Matthee CFO 12 March 2013 Mr Jerry Monzu Company Secretary Sponsor River Group Contact: Suite B9, 431 Roberts Road Subiaco, Western Australia 6008 Tel: +61 (08) 9287 4600 Date: 12/03/2013 09:00:00 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.