Coal export entitlement received 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). COAL EXPORT ENTITLEMENT RECIEVED Firestone Energy has entered into a Joint Venture with Sekoko Resources (Pty) Ltd Firestone Energy Limited (ASX/JSE: FSE) (“Firestone” or the through which Firestone Energy has acquired the right to 60% participation “Company”), is pleased to inform shareholders that Sekoko interests in the Waterberg Coal Project Resources (Pty) Ltd, it’s joint-venture partner in the Waterberg located in Lephalale area, Limpopo Province, Project, has received conditional approval for a coal export South Africa. entitlement of 51,000 metric tonnes (mt) over a twelve-month period, for a duration of three years under the Quattro The first stage of the project is to develop the Smitspan mine which has a substantial Allocation. measured thermal coal resource and to develop the Vetleegte mine which is a The Quattro Allocation Scheme provides for 4 (four) million substantial metallurgical coal deposit. tonnes (mt) per year of export entitlement to black-owned companies through the Richards Bay Coal Terminal (RBCT). Firestone Energy is committed to becoming a profitable independent coal and energy The awarding of the approval is a significant achievement for producer at its projects in South Africa, Sekoko and also for its contribution in the continuing thereby making a substantial contribution to the social and economic development of the development of the Waterberg Joint-Venture Project. Lephalale area and South Africa. Corporate Details Yours sincerely, ASX: FSE JSE: FSE Issued Capital: 3,549 million ordinary shares Major Shareholders: David Knox Waterberg Coal Company Sekoko Resources (Pty) Ltd Chief Executive Officer Linc Energy Ltd www.firestoneenergy.com.au BBY Nominees Pty Ltd Tel: Australia (+61 08 9287 4600) Directors and Officers South Africa (+27 11 706 3548) Non Executive Directors: Mr Tim Tebeila (Chairman) David Perkins (Deputy Chairman) Dr Pius Kasolo Ben Mphahlele About Sekoko Resources Kobus Terblanche Oren Zohar Jack James Sekoko Resources (Pty) Ltd is a South African-based black-owned energy and minerals company developing the coal, magnetite iron ore and PGMs Projects in the Limpopo Officers: Province of South Africa. This includes a significant exploration program and development Mr David Knox CEO of the Waterberg Coal Joint Venture Project based on significant Coal Zone Resources. Ms Amanda Matthee CFO Mr Jerry Monzu Company Secretary Sekoko is targeting to commence operations in 2012, thus forming the basis for developing a global coal business. Contact: Suite B9, 431 Roberts Road Subiaco, Western Australia 6008 Tel: +61 (08) 9287 4600 23 May 2012 Johannesburg Spronsor River Group Date: 23/05/2013 09:15:00 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.