FV Firestone Ventures Inc

Firestone Ventures Inc. ("Firestone" or the "Corporation") (TSX
VENTURE:FV)(FRANKFURT:F5V) announces a successful site visit has been completed
by Minero Mining International Limited ("Minero") and independent consulting
engineers ProMet Dadi Africa (Pty) Ltd. ("ProMet") of South Africa. The site
visit was conducted in order to facilitate the completion of the Preliminary
Economic Assessment ("PEA") on Firestone's 100% owned Torlon zinc-lead-silver
Deposit in Western Guatemala.


"Firestone has a clear road map for the next 12-18 months as a result of the
recent trip and once this information is input into the PEA we should be on
schedule for its completion," says Pamela Strand, President & CEO of Firestone.
"We are extremely pleased with our business alliance with Minero and their
independent engineering consultants ProMet. We are moving forward with our fast
track to market for the development of the Torlon Deposit and we are
specifically aiming at a low cost approach to the project's development." 


Firestone representatives accompanied Minero and ProMet on a two day Torlon site
visit followed by strategic meetings in Guatemala City. During the site visit a
full ground assessment of the project area was completed including options for
access and for site facility placement. Additional days were filled with
meetings in Guatemala City with the Ministry of Energy and Mines, Ministry of
the Environment and the Mining Guild of Guatemala. Meetings with potential
environmental, social, civil, electrical, mechanical, mining and earthmoving
contractors were completed in order to assess the in-country expertise and
compile preliminary in-country costs for the development of the Torlon Deposit. 


Firestone Ventures Inc. 

Firestone is a Canadian-based exploration and development company with
zinc-lead-silver and copper projects in Central America and has been working in
Guatemala since 2004. Our main project is the Torlon zinc-lead-silver Deposit in
Guatemala. The current National Instrument NI 43-101 oxide resource (see news
release 18 November 2008 on www.sedar.com) is summarized in the following table
and the deposit remains open to expansion. The NI 43-101 resource used a 3% zinc
equivalent cut-off grade and a 35.5% zinc top-cut. 




Torlon Deposit Oxide Mineral Resource                                       
----------------------------------------------------------------------------
                       Zinc         Zinc  Lead         Lead  Silver   Silver
                Tonnes    %     (lbs)(i)     %     (lbs)(i)   (g/t)  (oz)(i)
----------------------------------------------------------------------------
Measured and                                                                
 Indicated   1,891,636 7.32  304,905,997  2.41  100,294,541   14.25  866,663
----------------------------------------------------------------------------
Inferred       169,705 4.42   16,502,114  1.96    7,317,680   12.53   68,367
----------------------------------------------------------------------------
(i) The total contained metal assumes 100% metal recovery and does not      
indicate economic viability                                                 



Smithsonite (ZnCO3) is the prevalent zinc mineral at Torlon, occurring as a
replacement to limestone and resulting in high grade mineralization locally
exceeding 40% zinc. Other non-sulphide zinc minerals are relatively rare and
there is no evidence of deleterious zinc-clay minerals.


In addition to Torlon, Firestone also has a large land position covering a
significant portion of the Central Guatemala Zinc District with four drill ready
targets and over fifty zinc mineral occurrences. The land position has excellent
exploration potential and with systematic exploration could develop as the
world's next major zinc district. The company also owns 100% of the past
producing Oxec copper deposit which, based on historic reports, has produced
over 1Mt grading 3% copper (according to unverified historical records ). The
common shares of the Company are currently listed on the TSX Venture Exchange
(symbol FV) and the Frankfurt Stock Exchange (symbol F5V).


The technical information in this news release has been reviewed and approved by
Pamela Strand, P.Geol., President of Firestone Ventures and a Qualified Person
in accordance with NI 43-101.


Trading Symbol: (TSX VENTURE:FV)(FRANKFURT:F5V)

This news release may contain forward looking statements, being statements which
are not historical facts, including, without limitation, statements regarding
potential mineralization, exploration results, resource or reserve estimates,
anticipated production or results, sales, revenues, costs, "best-efforts"
financings or discussions of future plans and objectives. There can be no
assurance that such statements will prove accurate. Such statements are
necessarily based upon a number of estimates and assumptions that are subject to
numerous risks and uncertainties that could cause actual results and future
events to differ materially from those anticipated or projected. Important
factors that could cause actual results to differ materially from the Company's
expectations are in Company documents filed from time to time with the TSX
Venture Exchange and provincial securities regulators, most of which are
available at www.sedar.com. The Company disclaims any intention or obligation to
revise or update such statements unless required by law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Firestone Ventures Inc.
Pamela Strand, P. Geol.
President
Toll Free: 1-888-221-5588
(780) 428-3476 (FAX)
info@firestoneventures.com
www.firestoneventures.com

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