Application made to Takeovers Panel 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 independent, Australian exploration and development company listed on the Australian Stock Exchange Ltd (ASX) and the Johannesburg Stock Exchange (JSE). Application made to Takeovers Panel Firestone Energy has entered into a Joint Venture with Sekoko Resources (Pty) Ltd through which Firestone Energy has Firestone Energy Limited (ASX/JSE:FSE) (“Firestone” or the acquired the right to 60% participation “Company”) wishes to advise Shareholders that the Company has interests in the Waterberg Coal Project made an application to the Takeovers Panel, seeking a declaration of located in Lephalale area, Limpopo Province, South Africa. unacceptable circumstances in respect of the takeover offer made by Range River Gold “RNG”, since renamed, The Waterberg Coal The first stage of the project is to develop the Company Limited “WCC”. Smitspan mine which has a substantial measured thermal coal resource and to develop the Vetleegte mine which is a Firestone will update Shareholders in due course with the findings of substantial metallurgical coal deposit. the Takeovers Panel. Firestone Energy is committed to becoming a profitable independent coal and energy producer at its projects in South Africa, thereby making a substantial contribution to the social and economic development of the Lephalale area and South Africa. 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 Yours sincerely, Directors and Officers Non Executive Directors: Mr Tim Tebeila (Chairman) David Perkins (Deputy Chairman) David Knox Dr Pius Kasolo Ben Mphahlele Chief Executive Officer Kobus Terblanche www.firestoneenergy.com.au Oren Zohar Tel: Australia (+61 08 9287 4600) Jack James South Africa (+27 11 706 3548) Officers: Mr David Knox CEO Ms Amanda Matthee CFO 19 April 2013 Johannesburg Sponsor River Group Mr Jerry Monzu Company Secretary Contact: Suite B9, 431 Roberts Road Subiaco, Western Australia 6008 Tel: +61 (08) 9287 4600 Date: 19/04/2013 08:19:00 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.