Board and Company Secretary change FIRESTONE ENERGY LIMITED (Incorporated in Australia) About Firestone Energy Firestone Energy Limited is an (Registration number ABN 058 436 794) independent, Australian exploration and development company listed on the Share code on the JSE Limited: FSE Australian Stock Exchange Ltd (ASX) and Share code on the ASX: FSE the Johannesburg Stock Exchange (JSE). Firestone Energy has entered into a Joint ISIN: AU000000FSE6 Venture with Sekoko Resources (Pty) Ltd through which Firestone Energy has (SA company registration number 2008/023973/10) acquired the right to 60% participation interests in the Waterberg Coal Project ("FSE" or "the Company") located in Lephalale area, Limpopo Province, South Africa. The first stage of the project is to develop the 13 November 2013 Smitspan mine which has a substantial measured thermal coal resource and to develop the Vetleegte mine which is a Board and Company Secretary Change substantial metallurgical coal deposit. Director Resignation and Appointment Firestone Energy is committed to becoming a profitable independent coal and energy The Board of Firestone Energy Limited (ASX/JSE: FSE) (the “Company”, "FSE" producer at its projects in South Africa, or “Firestone”) wishes to advise of the retirement of Mr Tim Tebeila from the thereby making a substantial contribution to position of Chairman and Non-Executive Director of the Company, effective 1 the social and economic development of the November 2013. Lephalale area and South Africa. Tim Tebeila has been Chairman of the Company since December 2011 and has Corporate Details overseen the recent reorganisation of the Company and the Definitive Feasibility ASX: FSE JSE: FSE Study (“DFS”) on the Company’s main undertaking, its Joint Venture “interest” in The Waterberg Coal Project in the Limpopo Province of South Africa. Issued Capital: 3,549 million ordinary shares The Board wishes to thank Mr Tebeila for his contributions over the period. During his tenure as Chairman, the Company has made significant progress towards its Major Shareholder: The Waterberg Coal Company Ltd objective of becoming a significant coal producer in The Waterberg coal district of South Africa. Directors and Officers The Board of FSE is also pleased to advise that Mr George Oupa Magashula has Non Executive Directors: been appointed to the position of Non-Executive Director of the Company, effective Dr Pius Kasolo Ben Mphahlele 1 November 2013. Kobus Terblanche Brian McMaster Mr Magashula is a seasoned Business Executive with over 20 years’ experience in David Knox Executive positions in both Public and private sector in South Africa. Other companies that Mr Magashula has been employed by include: Telkom South Africa, Officers: Mr Stephen Miller CEO and Executive Nampak, Sun International and SA Breweries. Oupa’s qualifications include Director Bachelor of Science degree in Oceanography and Chemistry. Ms Amanda Matthee CFO Mr Jonathan Hart Company Secretary Company Secretary Resignation and Appointment The Company also wishes to advise that Mr David McEntaggart has resigned as Contact: Level1, 330 Churchill Avenue Subiaco Company Secretary of the Company, effective immediately. The board would like Western Australia 6008 to thank him for his efforts to date and wish him well in his future endeavours. Tel: +61 (08) 9200 4465 Fax:+61(08) 9200 4469 The Board of FSE is also pleased to advise that Mr Jonathan Hart has been Web: www.firestoneenergy.com.au appointed to the position of Company Secretary of the Company, effective immediately. Mr Hart previously worked at Perth based law firm, Steinepreis Paganin. Mr Hart’s experience includes due diligence investigations, general corporate and commercial drafting, public and private mergers and acquisitions, general corporate advice in relation to capital raisings, Corporations Act and ASX compliance. Stephen W Miller CEO Firestone Energy Limited www.firestoneenergy.com.au Tel: Australia (+61 08 9287 4600) South Africa (+27 11 706 3548) 13 November 2013 Johannesburg Sponsor River Group 2 Date: 13/11/2013 08:35:00 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.