Independent Experts Opinion Unchanged 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 10 April 2013 independent, Australian exploration and development company listed on the Australian Stock Exchange Ltd (ASX) and Independent Experts Opinion Unchanged 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”) advises acquired the right to 60% participation that it has now received the opinion of the Independent Expert, Deloitte interests in the Waterberg Coal Project Corporate Finance Pty Limited (Deloitte), on the Second Supplementary Bidders located in Lephalale area, Limpopo Province, Statement (“Offer”) served on the Company on 27 March 2013, by Range River South Africa. Gold Limited (“RNG”). The first stage of the project is to develop the Deloitte have considered all new information provided to them in relation to the Smitspan mine which has a substantial measured thermal coal resource and to Offer and have advised that their opinion remains unchanged, in that they develop the Vetleegte mine which is a consider the Takeover Offer is neither fair nor reasonable to the non-associated substantial metallurgical coal deposit. Firestone Shareholders. Firestone Energy is committed to becoming a The Firestone Board reaffirms its recommendation that Firestone profitable independent coal and energy shareholders REJECT the Offer. Shareholders should do nothing in relation to any producer at its projects in South Africa, documents received from RNG. thereby making a substantial contribution to the social and economic development of the Lephalale area and South Africa. All Firestone announcements are available on the Company’s website on www.firestoneenergy.com.au and via www.asx.com.au. Corporate Details ASX: FSE Shareholders can also receive further information on the Offer by calling the JSE: FSE Firestone shareholder information line on: 1800 643 977 or for international Issued Capital: calls +61 2 8256 3363. 3,549 million ordinary shares Major Shareholders: Yours sincerely, Sekoko Resources (Pty) Ltd Linc Energy Ltd BBY Nominees Pty Ltd Bell Potter Nominees Ltd David Knox Directors and Officers Chief Executive Officer Non Executive Directors: www.firestoneenergy.com.au Mr Tim Tebeila (Chairman) Tel: Australia (+61 08 9287 4600) David Perkins (Deputy Chairman) South Africa (+27 11 706 3548) Dr Pius Kasolo Ben Mphahlele Kobus Terblanche 11 April 2013 Oren Zohar Johannesburg Jack James Sponsor River Group 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 Date: 11/04/2013 07:10:00 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.