FV Firestone Ventures Inc

Firestone Ventures Inc. (TSX VENTURE:FV) ("Firestone") announces today that
Melior Resources Inc. (TSX VENTURE:MLR) ("Melior") has informed Firestone that
they will no longer be proceeding with the Proposed Transaction as announced on
July 5, 2013. In addition the bridge loan whereby Melior had agreed to provide
Firestone with up to C$500,000 is also terminated with no funds being advanced.


"Although we are disappointed with Melior's decision, Firestone management and
board maintain our opinion that our Torlon Hill Zinc-Lead Project is of high
quality," said Pamela Strand, President of Firestone "We will start to pursue
alternate financing options for the development of the deposit that we have been
unable to explore as a result of the non-solicitation covenant granted to
Melior."


About Firestone

Firestone is a Canadian-based exploration and development company with
zinc-lead-silver projects in Central America. Our 100% owned flagship project is
the Torlon Hill Zinc-Lead-Silver Project that hosts a NI 43-101 oxide resource
totaling 1,891,636 tonnes in the Measured and Indicated category grading 7.32%
zinc, 2.41% lead and 14.25 g/t silver. An additional 169,705 tonnes is
classified as Inferred resources grading 4.42% zinc, 1.96% lead and 12.53 g/t
silver (see news release Nov. 18, 2008). The NI 43-101 resource used a 3% zinc
equivalent cut-off grade and a 35.5% zinc top-cap. The deposit remains open to
expansion.


A Preliminary Economic Assessment was completed on the Torlon Hill deposit in
March, 2013 by ProMet Dadi Africa (Pty) Ltd., South Africa (see news releases
Mar. 6 and Apr. 24, 2013). The PEA Highlights an operation with a five year mine
life producing a total of 303,977 tonnes of zinc concentrate at an average grade
of 35% zinc and 71,632 tonnes of silver rich lead concentrate at an average
grade 60% lead. The lead concentrate will also contain 766,800 oz of payable
silver. This projects a 45% IRR, an $18.1 million net present value ("NPV") at
an 8% discount rate, a 1.2 year payback with a capex of $26 Million for the
Torlon Hill Project using $0.80/lb Zn, $0.80/lb Pb and $24/oz Ag.


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


FORWARD LOOKING STATEMENTS

This news release may contain certain statements regarding future events,
results or outlooks that are considered forward looking statements within the
meaning of securities regulation. These forward looking statements reflect
management's best judgment based on current facts and assumptions that
management considers reasonable and include the words "anticipate", "believe",
"could", "estimate", "expect", "intend", "may", "plan", "potential" and
"should". Forward looking statements contain significant risks and
uncertainties. A number of circumstances could cause results to differ
materially from the results discussed in the forward looking statements
including, but not limited to, changes in general economic and market
conditions, metal prices, political issues, permitting, environmental,
exploration and development success, continued availability of capital and other
risk factors. The forward looking statements contained in this document are
based on what management of Melior and Firestone believes to be reasonable
assumptions, however, we cannot assure that the results will be compatible to
the forward looking statements as management assumes no obligation to revise
them to reflect new circumstances. Readers should not place reliance on forward
looking statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Firestone Ventures Inc.
Pamela Strand, P. Geol.
President
Direct: 780-428-3465
pstrand@firestoneventures.com
www.firestoneventures.com

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