Expiry Of Options FIRESTONE ENERGY LIMITED (INCORPORATED IN AUSTRALIA) REGISTRATION NUMBER: ABN 058 436 794 SHARE CODE JSE: FSE SHARE CODE ASX: FSE ISIN: AU000000FSE6 SA COMPANY REGISTRATION NUMBER 2008/023973/01 ("FSE" OR "the Company") ABN 58 008 130 336 About Firestone Energy Suite 605, Level 6 Firestone Energy Limited is an independent, 50 Clarence Street Australian exploration and development Sydney NSW, Stock company listed on the Australian 2000 Exchange Ltd (ASX) and the Johannesburg Phone: +61 2 9299 9580 Stock Exchange (JSE). Firestone Energy has Fax: Venture with 9501 entered into a Joint +61 2 9299Sekoko Resources (Pty) Ltd through which Firestone 19 May 2014 Energy has acquired the right to 60% participation interests in the Waterberg Coal Project located in Lephalale area, Limpopo Province, South Africa. EXPIRY OF OPTIONS The first stage of the project is to develop the The listed Firestone Energy Limited (‘FSE’) Options (ASX code: FSEO) numbering Smitspan mine which has a substantial 48,395,000 and convertible into one ordinary fully paid FSE share on the payment of 4 measured thermal coal resource and to cents, expire on 31 May 2014. The Options have not traded in the last 9 months. The develop the Vetleegte mine which is a option exercise price is $0.04 and the underlying securities have traded at $0.001 in the substantial metallurgical coal deposit. last 12 months. FSE has not sent individual notices (as required by Appendix 6A) to option holders regarding the expiry of the options. FSE does not expect any options holders to exercise these options before expiry. Firestone Energy is committed to becoming a profitable independent coal and energy Below is information required under Appendix 6A – clause 6.1 (a) to (j) to be supplied to producer at its projects in South Africa, Option holders thereby making a substantial contribution to the social and economic development of the (a) The name of the holder of the +convertible securities. Lephalale area and South Africa. (b) The number of +convertible securities held, and the number of +securities to be Corporate Details ASX: FSE issued on their conversion. JSE: FSE In total – 43,395,000 listed options – 1 option converts to 1 ordinary fully paid Issued Capital: share on the payment of the exercise price of $0.04. 3,549 million ordinary shares Major Shareholder: (c) The conversion or exercise price. - Exercise price - $0.04. The Waterberg Coal Company Ltd (d) In the case of options, the date due date for payment. – by 31 May 2014. Directors and Officers (e) In the case of options, the consequences of non-payment and, in the case Non Executive Directors: of other +convertible securities, the consequences of not exercising the right George Oupa Magashula Lee Boyd of conversion. – if the option’s (ASX code: FSEO) are not exercised by 31 May Officers: 2014, they will lapse and any right to acquire an ordinary share by payment of Mr Stephen Miller CEO and Executive the exercise price ceases. Director Ms Amanda Matthee CFO (f) The date that +quotation of the +convertible securities will end (which is 5 +business days before the expiry date for options or final conversion date for Contact: other +convertible securities, unless there is a later maturity date). – quotation of Level1, 330 Churchill Avenue Subiaco the options will cease 23 May 2014. Western Australia 6008 Tel: +61 (08) 9200 4465 Fax:+61(08) 9200 4469 Web: www.firestoneenergy.com.au (g) The latest available +market price of the +underlying securities. – Firestone Energy Limited Ordinary shares (ASX code: FSE) closed 19 May 2014 at $0.006. (h) The highest and lowest +market price of the +underlying securities during the 3 months immediately before the notice is issued, and the dates of those sales. – FSE’s closing price since 19 February 2014 has been in the range of $0.006 to a high of $0.008 (i) The information required by (g), (h) and (j) in respect of all quoted +securities that would be, if fully paid, in the same class as the +underlying securities. – n/a (j) In case of options, the details of any underwriting agreement notified under rule 3.11.3. – n/a Stephen W Miller CEO Firestone Energy Limited www.firestoneenergy.com.au Tel: Australia (+61 08 9287 4600) South Africa (+27 11 706 3548) Johannesburg 20 May 2014 Sponsor River Group Date: 20/05/2014 08:05:00 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.