Board Changes 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 About Firestone Energy (SA company registration number 2008/023973/10) Firestone Energy Limited is an ("FSE" or "the Company") independent, Australian exploration and development company listed on the Australian Stock Exchange Ltd (ASX) and the Johannesburg Stock Exchange (JSE). Firestone Energy has entered into a Joint Venture with Sekoko Resources (Pty) Ltd through which Firestone Energy has acquired the right to 60% participation interests in the Waterberg Coal Project located in Lephalale area, Limpopo Province, South Africa. The first stage of the project is to develop the Smitspan mine which has a substantial measured thermal coal resource and to develop the Vetleegte mine which is a substantial metallurgical coal deposit. Firestone Energy is committed to becoming a profitable independent coal and energy producer at its projects in South Africa, 18 March 2014 thereby making a substantial contribution to the social and economic development of the Board Changes Lephalale area and South Africa. Corporate Details ASX: FSE JSE: FSE Director Appointment and Resignation Issued Capital: The Board of Firestone Energy Limited (ASX/JSE: FSE) (the 3,549 million ordinary shares “Company”, "FSE" or “Firestone”) wishes to advise that Mr Lee Major Shareholder: The Waterberg Coal Company Ltd Boyd has been appointed to the position of Non-Executive Director of the Company, effective forthwith. Directors and Officers Non Executive Directors: George Oupa Magashula Mr Boyd has extensive and broad ranging directorial, corporate Lee Boyd Officers: consulting, financial and senior executive experience across a Mr Stephen Miller CEO and Executive range of industries including the manufacturing, industrial Director Ms Amanda Matthee CFO engineering and, since 1993, in the resources sector. Mr Jonathan Hart Company Secretary He is currently a director of ASX listed Anatolia Energy Ltd and Contact: Level1, 330 Churchill Avenue Subiaco three of its internationally registered subsidiaries. He has Western Australia 6008 Tel: +61 (08) 9200 4465 Fax:+61(08) 9200 4469 Web: www.firestoneenergy.com.au previously been a director of Firestone from April 2007 to June 2009 during the period of identifying, negotiating and concluding the Company’s agreement to participate in the Waterberg coal project. Mr Boyd was also previously a director, executive director, CFO or company secretary of a number of ASX listed “junior” companies and is currently the Chair of Trustees of a registered charity, a board member of a another charitable entity as well as a director of a number of private companies and Not for Profit organizations. Lee is a CPA and a Fellow of the Australian Institute of Company Directors. The Board also advises that Mr Brian McMaster has resigned from the position of Non-Executive Director of the Company, effective forthwith. The Board would like thank Mr McMaster for his contribution to the Company and wishes him will with his future endeavours. Stephen W Miller CEO Firestone Energy Limited www.firestoneenergy.com.au Tel: Australia (+61 08 9287 4600) South Africa (+27 11 706 3548) 18 March 2014 Johannesburg Sponsor River Group Date: 18/03/2014 07:58:00 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.