Takeover bid by Range River Gold Limited – Target's Statement FIRESTONE ENERGY LIMITED (Incorporated in Australia) (Registration number ABN 058 436 794) About Firestone Energy Share code on the JSE Limited: FSE Firestone Energy Limited is an Share code on the ASX: FSE independent, Australian exploration and ISIN: AU000000FSE6 development company listed on the (SA company registration number 2008/023973/10) Australian Stock Exchange Ltd (ASX) and ("FSE" or "the Company") the Johannesburg Stock Exchange (JSE). Firestone Energy has entered into a Joint Venture with Sekoko Resources (Pty) Ltd 18 March 2013 through which Firestone Energy has acquired the right to 60% participation interests in the Waterberg Coal Project located in Lephalale area, Limpopo Province, Takeover bid by Range River Gold Limited – Target's Statement South Africa. South African shareholders are advised that FSE has published the target The first stage of the project is to develop the statement relating to the offer on the company website and on the ASX at Smitspan mine which has a substantial http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=FS measured thermal coal resource and to E, by way of service pursuant to item 14 of section 633(1) of the Corporations Act develop the Vetleegte mine which is a 2001 (Cth) in response to the off-market takeover bid by Range River Gold Limited substantial metallurgical coal deposit. (Bidder) today. Firestone Energy is committed to becoming a profitable independent coal and energy The Target's Statement was lodged with the Australian Securities and Investments producer at its projects in South Africa, Commission and provided to the Bidder today. thereby making a substantial contribution to the social and economic development of the Yours sincerely, Lephalale area and South Africa. Corporate Details ASX: FSE David Knox JSE: FSE Chief Executive Officer www.firestoneenergy.com.au Issued Capital: 3,549 million ordinary shares Tel: Australia (+61 08 9287 4600) South Africa (+27 11 706 3548) Major Shareholders: Sekoko Resources (Pty) Ltd 18 March 2013 Linc Energy Ltd BBY Nominees Pty Ltd Sponsor Bell Potter Nominees Ltd Directors and Officers River Group Non Executive Directors: Mr Tim Tebeila (Chairman) David Perkins (Deputy Chairman) Dr Pius Kasolo Ben Mphahlele Kobus Terblanche 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 Tel: +61 (08) 9287 4600 Web: www.firestoneenergy.com.au Date: 18/03/2013 05:00:00 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.