Board Change 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") Board Change The Board of Firestone Energy Limited (ASX/JSE: FSE) (the "Company", "FSE" or "Firestone") advises that Mr George Oupa Magashula has resigned as a director with immediate effect. As a consequence of his resignation resolution 3 of the Notice of Annual General Meeting sent out, is to be withdrawn. The Board wishes to thank Mr Magashula for his efforts on the Board of FSE and wishes him well with his future endeavours. Lee Boyd Company Secretary Registered office: Level 2, 1 Walker Avenue West Perth, Western Australia 6005 Australia Tel:+61 8 9485 0888 Fax: +61 8 9485 0077 South African office: Level 1, The Place, 1 Sandton Dr, Sandton, 2146, South Africa Tel: +27 10 594 2240 Fax: +27 10 594 2253 Contact: Mr Stephen Miller Managing Director Or Investor relations in South Africa: Bruce Tinney +27 (83) 408 3028 Corporate Details: Major Shareholders: The Waterberg Coal Company Ltd Directors and Officers: Non Executive Directors: Dr Mathews Phosa (Chairman) Edwin Leith Boyd Officers: Mr Stephen Miller Managing Director Ms Amanda Matthee CFO Mr Edwin Leith Boyd Company Secretary ASX / JSE Symbol:FSE Web: www.firestoneenergy.com.au 19 November 2014 Johannesburg Sponsor River Group Date: 19/11/2014 09:05:00 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.